The chief address was made by Theodore Sedgwick, the President of the Association, and his remarks are worth repeating here, as expressive of the sentiments that inspired him and his associates in the enterprise: “GOVERNOR HUNT: In the name of the Directors of the Association, I thank you cordially and respectfully for the trouble which you have taken to honor this occasion with your presence. Our thanks are also eminently due to the city government, not only for their attendance here to-day, but more for the sagacious foresight with which they have extended their liberal aid to the enterprise in its infancy. We are also proud to see among our friends the officers of two societies--one from our own, and one from a sister State--which have done so much to raise the aims and promote the interests of American industry, to open the path in which we are now treading. The general objects to which this building will be destined are so familiar to us all that I need not dwell upon them. Our arrangements are so far advanced that we can speak with confidence as to our ultimate success. It is sure to strike the mind of the European producer, that he has substantial objects to attain by sending specimens of his skill here, which no European country can afford. On the other hand, the American manufacturer, who has comparatively little but honor to gain by sending the produce of his skill to Europe, has a clear and distinct inducement to exhibit his goods here. If no unforseen event occurs, we shall have it in our power to make such an exhibition of the costly, artistic, and luxurious products of the Old World as has never yet been seen among us. These considerations will produce their results; and we are equally confident that the industry of our country, with that fearless energy which, perhaps, more than any other one thing is a distinguishing trait in our national character, will eagerly enter into a contest from which, in every respect, nothing but good can flow. I shall say on this head no more. Those whose eyes, like mine, were delighted by the surpassing glories of the London Exhibition--who know the power, opulence, and varied resources of the Old World--who know what those creatures of genius, the French, are trying to effect, may well pause before they make vaunts for the future. Suffice it, we shall do everything that industry and fidelity can accomplish. Nor shall I enlarge on the benefits of an exhibition of this kind. There is no doubt whatever that there yet exists no similar means for extending the circle of knowledge and taste--above all, for enlarging and increasing that mutual good-will and confidence which is the surest bulwark of national independence, and the only guaranty of international peace.