“My friends,” he said, “you know my name is Frauenstein, and you have heard that I am a capitalist, which some of you take to be about equivalent to ‘enemy.’ [Cries of “No, no!”] Now some of you, doubtless, belong to the International Workingmen’s Association, and other labor organizations, and you know, as well as I do, that no man can own a million of dollars which he has earned by any industry of his hands. [Cries of “Hear, hear!” and “That’s true!”] Some of mine I inherited; but most of it I have acquired by investing it in great industrial enterprises in various parts of this country, of which I am a citizen; and some of it I have acquired in Wall Street, by what is called gold speculation. You know that every dollar of this wealth is the representative of a dollar’s worth of productive labor, performed by laboring men like yourselves. I also have done some labor, actual productive labor, and I think I should not exaggerate if I say that in this way I have an honest title to about five hundred dollars! [Laughter and cries of “Good for you, if you are a count!”] Yes, I am a count, as you say, but I came honestly by that, if I did not by my property, and I confess to a certain pride in my name, for it is an honorable one; but a thousand titles cannot make a man a true nobleman. In my opinion, he is noblest who most loves his fellow-men. [Great applause.] Now, my friends, it is the desire of my life to do a great work for industry; and understand well, I do not come to insult you with charity. Every true man despises charity, and wants only a just and fair compensation for honest labor performed. A man wants to have a home of his own; leisure for studying social and political questions; he wants baths whereby to keep himself clean; good clothes for himself and family; he wants his wife freed from the wash-tub and the cooking-stove; he wants a guarantee of support in sickness and old age; and especially does he want to see his children educated, and brought up to be noble men and women, who may be an honor to their country. [Immense applause.]