MR. PRESIDENT AND GENTLEMEN:--The newspaper has always been a potent factor in the South--for many years almost exclusively political, but since the war occupying its more proper sphere and assisting more largely in the material development of the country. I think every Southern man will agree with me that the change of procession has been to the very great advantage of our section. The columns of the ante-bellum newspaper were too often the opportunity for the indulgence of excited passions, political and social, and I doubt if our people could not have better spared the newspaper altogether than to have permitted the license of accusation, political incitement, and personal rancor which characterized so largely the journals of thirty years ago. [Applause.] But they were virile hands which held editorial pens in those days and the faults were doubtless faults of the period rather than of the men themselves. It was a splendid galaxy--that company which included George D. Prentiss, Rhett, Forsythe, Hughes, Henry D. Wise, John Mitchell, and Thomas Ritchie. But it is of Southern journalism during these last twenty years of which I would speak. I have known something of it because my own apprenticeship was served in one of the most brilliant journals of this or any other time and of this or any other country. The services of Henry Watterson to the South and to the country are a part of the history of our time. [Applause.] His loyalty toward his section could never have been doubted, and his firmness and broad patriotism served it at a time of need to a degree which perhaps the firmness and patriotism of no other man in the South could have equalled. He had for the vehicle of his eloquent fervor a newspaper which commanded the affection of his own people and the respect of the North. [Applause.] With the restoration of order great newspapers--fair rivals to their great contemporaries in the Eastern and Northern States--have grown to prosperity in the various centres of the South, and they have acted out a mission which is in some respects peculiar to themselves.