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nean and Levant, says that the man must have had a triple casing of oak and brass about his bosom who first trusted his frail barque on the raging sea. How many thousand of vessels laden by commerce, are at this moment navigating, not the narrow seas frequented by the ancients, but these world-encompassing oceans. Think next of the mountains of brick, and stone, and iron, built up into the great commercial cities of the world; and of all the mighty works of ancient and modern contrivance and structure,-the modes, the lighthouses, the bridges, the canals, the roads, the railways, the depth of mines, the Titanic force of enginery, the delving ploughs, the scythes, the reapers, the looms, the electric telegraphs, the vehicles of all descriptions, which directly or indirectly are employed or put in motion by commerce,—and last, and most important, the millions of human beings that conduct, and regulate, and combine these inanimate, organic, and mechanical forces.

And now, sir, is it any thing less than a liberal profession, which carries a quick intelligence, a prophetic forecast, an industry that never tires: and, more than all, and above all, a stainless probity beyond reproach and beyond suspicion, into this vast and complicated system, and by the blessing of Providence, works out a prosperous result? Such is the vocation of the merchant-the man of business-pursued in many departments of foreign and domestic trade -of finance, of exchange-but all comprehended under the general name of commerce-all concerned in weaving the mighty network of mutually beneficial exchanges which enwraps the world.

I know there is a shade to this bright picture-where among the works or the fortunes of men shall we find one that is all sun-light? Napoleon the First thought he had said enough to disparage England when he had pronounced her a nation of shop-keepers; but we Americans are said by some of our own writers to be slaves of the almighty dollar. But these are sallies of national hostility, or the rebukes which a stern moral sense rightly administers to the besetting sins of individuals or communities. Every pursuit in life, however, has its bright and its dark phase; every pursuit may be followed with a generous spirit for honorable ends, or with a mean, selfish, corrupt spirit, beginning and ending in personal gratification. But this is no more the case with the commercial than any other career. What more difference than the profession of the law, as pursued by the upright counsellor, who spreads the shield of eternal justice over your life and fortune, and the wicked pettifogger who drags you through the thorns and brambles of vexatious litigation? What more different than the beloved physician, the sound of whose soft footstep, as he ascends your stair-case, carries hope and comfort to the couch of weariness and suffering, and the solemn, palavering, impudent quack, who fattens on the fears and frailties of his victims? What more different than the press, which, like the morning sun, sheds light and truth through the land, and the press which daily distils the concentrated venom of personal malice and party detraction from its dripping wings? I believe that the commercial profession is as capable of being pursued with intelligence, honor and public spirit, as any other; and, when so pursued, is as compatible with purity and elevation of character as any other as well entitled to the honors which a community bestows on those who adorn and serve it-the honors which you this day delight to pay to your friend and guest.

I was not the witness of the commencement of his career abroad; but we all know that it soon fell upon that disastrous period when all American credit No. 7.-VOL. II, No. 3.1-42.

stood low-when the default of some of the States, and the temporary inability of others to meet their obligations, and the failure of several of our monied institutions, threw doubt and distrust on all American securities. That great sympathetic nerve of the commercial world-credit-as far as the United States were concerned, was for the time paralyzed. At that moment, and it was a trying one, our friend not only stood firm himself, but he was the cause of firmness in others. His judgment commanded respect-his integrity won back the reliance which men had been accustomed to place on American securities. The reproach in which they were all indiscriminately involved was gradually wiped away, from those of a substantial character; and if on this solid basis of unsuspected good faith he reared his own prosperity, let it be remembered that, at the same time, he retrieved the credit of the State of which he was the agent, performing the miracle, if I may so venture to express myself, by which the word of an honest man turns paper into gold.

A course like this, however commendable, might proceed from calculation. If it led to prosperity and opulence it might be pursued from motives exclusively selfish. But Mr. Peabody took a different view of the matter, and immediately began to act upon an old-fashioned New England maxim, which I dare say he learned in childhood and carried with him from Danvers, that influence and property have their duties as well as their privileges, and set himself to work to promote the convenience and enhance the enjoyments of his traveling fellow countrymen,-a numerous and important class. The traveler-often the friendless traveler-stands greatly in need of good offices in a foreign land. Several of you, my friends, know this, I am sure, by experience; some of you can say how perseveringly, how liberally, these good offices were extended by our friend, through a long course of years, to his traveling countrymen. How many days otherwise weary have been winged with cheerful enjoyments through his agency; how many otherwise dull hours in health and in sickness enlivened by his attentions!

It occurred to our friend especially to do that on a large scale, which had hitherto been done to a very limited extent, by our diplomatic representatives abroad. The small salaries and still smaller private means (with a single exception) of our ministers at St. James, had prevented them from extending the rites of hospitality as liberally as they could wish to their fellow-citizens abroad. Our friend happily, with ample means, determined to supply the defect, and brought together at the social board from year to year, at a succession of entertainments equally magnificent and tasteful, hundreds of his own countrymen and of his English friends. How much was done in this way to promote kind feeling and mutual good will, to soften prejudice, to establish a good understanding, in a word, to nurture that generous rivalry inculcated in the sentiment to which you have bid me respond, I need not say. I have been particularly requested by my friend Sir Henry Holland, a gentleman of the highest social and professional standing, to state, while expressing his deep regret that he can not participate in this day's festivities, that he has attended several of Mr. Peabody's international entertainments in London, and felt them to be of the happiest tendency in promoting kind feeling between the two countries.

We are bound as Americans, on this occasion particularly, to remember the very important services rendered by your guest to his countrymen who went to England in 1851, with specimens of the products and arts of this country to be exhibited at the Crystal Palace. In most. perhaps in all other countries,

this exhibition had been made a government affair. Commissioners were appointed by authority to protect the interests of the exhibitors, and what was more important, appropriations of money were made to defray their expenses. No appropriations were made by Congress. Our exhibitors arrived friendless, some of them penniless in the great commercial Babel of the world. They found the portion of the Crystal Palace assigned to our country, unprepared for the specimens of art and industry which they had brought with them; naked and unadorned, by the side of the neighboring arcades and galleries, fitted up with elegance and splendor by the richest governments in Europe. The English press began to launch its too ready sarcasms at the sorry appearance which Brother Jonathan seemed likely to make, and all the exhibitors from this country, and all who felt an interest in their success were disheartened. At this critical moment our friend stepped forward; he did what Congress should have done. By liberal advances on his part, the American department was fitted up; and day after day, as some new product of American ingenuity and taste was added to the list-McCormick's reaper, Colt's revolver, Powers's Greek slave, Hobb's unpickable lock, Hoe's wonderful printing presses, and Bond's more wonderful spring governor-it began to be suspected that Brother Jonathan was not quite so much of a simpleton as had been thought. He had contributed his full share, if not to the splendor, at least to the utilities of the exhibition. In fact, the leading journal at London admitted that England had derived more real benefit from the contributions of the United States than from those of any other country.

Our friend, on that occasion, much as he had done in the way mentioned to promote the interest and success of the American exhibitors, and to enable them to sustain that generous rivalry to which the toast alludes, thought he had not done quite enough for their gratification. Accordingly, in a most generous international banquet, he brought together on the one hand the most prominent of his countrymen, drawn by the occasion to London, and on the other hand, the Chairman of the Royal Commission, with other persons of consideration in England, and his British friends generally: and in a loving cup of 'old Danvers oak pledged them, on both sides, to warmer feelings of mutual good will, than they had before entertained.

In these ways, Mr. President, our friend has certainly done his share to carry into effect the principle of the toast, to which you call upon me to reply. But it is not wholly nor chiefly for these kindly offices and comprehensive courtesies,-nor for the success with which he has pursued the paths of business life, not for the moral courage with which, at an alarming crisis, and the peril of his own fortunes, he sustained the credit of the state he represented,—it is not these services that have called forth these demonstrations of respect. Your quiet village, my friends, has not gone forth in eager throngs to meet the successful financier; those youthful voices have not been attuned to sing the praises of the prosperous banker. No, it is the fellow citizen who, from the arcades of the London exchange, laid up treasure in the hearts of his countrymen; the true patriot who, amidst the splendors of the old world's capital, said in his heart,-"If I forget thee, oh Jerusalem, let my right hand forget her cunning, if I do not remember thee let my tongue cleave to the roof of my mouth;" it is the dutiful and grateful child and benefactor of old Danvers whom you welcome back to his home.

Yes sir, and the property you have invested in yonder simple edifice, and in

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