William Welsh was not afraid of work. I mean by that he was not lazy. A large part of the failures in life are attributable to the love of ease. We choose the soft things; we turn away from those which are hard. We are deterred by the abstruse, the obscure; we are attracted by the simple, the plain. A really strong character will grapple with any subject; a weak one shrinks from a struggle. A character naturally weak may be developed by culture and discipline into one of real strength, but the process is very slow and very discouraging. A life that is worth anything at all, that impresses itself on other lives, on society, must have these struggles, this training. I do not know minutely the characteristics of Mr. Welsh’s early life in this particular, but I infer most emphatically that his strong character was formed by continuous, laborious, exacting self-application. I would now speak of that quality which is so valuable (I will not say so rare), so conspicuously and so immeasurably important, personal integrity. Mr. Welsh possessed this in the highest degree. He was most emphatically an honest man. No thought of anything other than this could ever have entered into the mind of any one who knew him. All men knew that public or private trusts committed to him were safe. Mistakes in judgment all are liable to, but of conscious deflection from the right path in this respect he was incapable. His high position as President of the Board of City Trusts, which includes, among other large properties, the great estate left by Mr. Girard to the city of Philadelphia, proves the confidence this community had in his personal character. His private fortune was used as if he were a trustee. He recognized the hand of God in his grand success as a merchant, and he felt himself accountable to God for a proper expenditure. If he enjoyed a generous mode of living for himself and his family――a manner of life required by his position in the community――he more than equalized it by his gifts to objects of benevolence. He was conscientious and liberal (rare combination) in his benefactions, for he felt that he held his personal property in trust.