The Hon. Sardi announced that during the summer months of this year courses of preparation will be inaugurated again for American students who wish to come and visit our country and study our language, literature and history, while for next October, under the patronage of the American Ambassador and the Italian Premier, with the co-operation of American and Italian professors, special industrial and commercial courses are in preparation. The American students will be able to benefit by the use of the valuable library of the Association, which is daily enriched by the competent work of Commendatore Harry Nelson Gay and his collaborators. The Hon. Sardi, after referring to the fraternity of arms, which during the Great War brought together the soldiers of Italy and America, said that, having returned now to the peaceful spheres of industry and culture, these forms of effort contribute strongly to cement between the two countries that spiritual fraternity which arises out of a better mutual acquaintance with the respective virtues and qualities and a clearer realisation of our aspirations. The orator concluded by expressing the wish that the Italo-American Association, by the indissoluble union of cultured minds, might be able to intensify the bonds already uniting the United States of America and Italy. Mr. President and Gentlemen,—It is my privilege to propose a toast to the King and to the spirit of an Italy now stronger and more united than ever before. I wish to express the earnest hope that my country and yours will continue to stand together in upholding ideals which make men strong instead of tolerating those which make men weak. During the last eight months Italy has made an extraordinary contribution to the whole world by raising ideals of human courage, discipline, and responsibility. I would be unfaithful to my beliefs and to those of hosts of Americans if I failed to acknowledge the part played by your President of Council, Mussolini, with the people of Italy, in giving to all mankind an example of courageous national organisation founded upon the disciplined responsibility of the individual to the State, upon the abandonment of false hopes in feeble doctrines, and upon appeal to the full vigorous strength of the human spirit. We have heard a great deal in the last few years about the menace which war brings before the face of the world. I am confident that my people and your people are willing to act together to contribute anything possible to reduce the dangers of war, but I hold the belief, and I think your Premier holds the belief, that worse menaces than war now oppose the progress of mankind. Folly and weakness and decay are worse. These menaces of weakness are often fostered by men of good intentions, who talk about the need to rescue mankind and about the necessity to establish the rights of mankind.