Sir, there has not one moment passed since I came here, during which I have not felt a deep and overpowering sense of the grave responsibility which rests upon myself and the other members of this Conference. I am accustomed to the trials, vexations, cares, and responsibilities of business; I know how to meet and grapple with them calmly. But I do not feel so here. My days are anxious and excited--my nights are wakeful and sleepless. In all the weary watches of last night, I could not close my eyes in slumber. The reason was, because I saw from a point of view which you do not, the certain and inevitable ruin that is threatening the business, commercial interests of this country, and which is sure to fall with crushing force upon those interests, unless we come to some arrangement here. I speak to you now as a business man--as a merchant of New York, the commercial metropolis of the nation. I am no politician, I have no interest except such as is common to the people. But let me assure you, that even I can scarcely realize, much less describe, the stagnation which has now settled upon the business and commerce of that great city, caused solely by the unsettled and uncertain condition of the questions which we are endeavoring to arrange and settle here. I tell you what I do not get from second hands, but what I know myself, when I assure you that had not Divine Providence poured out its blessings upon the great West in an abundant harvest, and at the same time opened a new market for that harvest in foreign lands, bringing it through New York in its transit, our city would now present the silence and the quiet of the Sabbath day. Why is this? It is because we, who have lived together in harmony with each other, a powerful and a happy people, are breaking up--are preparing to separate and go out from one another! The merchants of our great commercial cities of Baltimore, Philadelphia, New York, and Boston, are not listless or unenterprising men. They are accustomed to the interests, the bustle, the excitement of business. They have heretofore seen their stores crowded with buyers. During the day the interiors of their places of business were like busy hives. Not unfrequently have their clerks been obliged to labor all through the night to secure and send off the goods which they had sold to reliable customers during the day. When business is good and driving throughout our commercial cities, wealth and comfort are secured to merchants and agents engaged in commerce in those cities, and it indicates general prosperity in the country to which the goods purchased are transmitted. It shows a healthy condition of affairs both in city and country.