Mr. Mabie has said that character counts most; of course it counts most. I believe in a sound body, I believe in a sound mind. I believe in character a great deal more than in either; and I believe in both the body and the mind chiefly as the foundation for the character. I remember when I was Governor, and had some correspondence with President Hall, I found to my great pleasure that he took the views that I did on the subject of boxing, he feeling as strongly as I felt that we did not want to produce in institutions of learning a race of nice, clever, well-bred young men, who can not hold their own in the rough work of the world. I do not give a snap of my finger for the young fellow who is afraid of being hurt physically, or in any other way; he is not going to amount to anything in after life. Each of you as you lead your lives will be hurt a good deal; if you have any pluck in you at all you will face the punishment, take it, and win out in spite of it. I want to see the physical development, more because of its moral side than for any other reason. I want to see the intellect developed only in so far as it is controlled by conscience, by a sense of right and wrong. The better educated a man is the more dangerous he is if he has no conscience. In these universities the benefit comes from the education of a man’s character as well as of his intellect. I hope most earnestly for the day when we shall see peace prevail among the nations of mankind; and peace, industrial as well as military, prevail within the nations themselves. No man in public position can, under penalty of forfeiting the right to the respect of those whose regard he most values, fail as the opportunity comes to do all that in him lies for peace. But peace of a valuable type comes not to the man who craves it because he is afraid, but to the man who demands it because it is right. The peace granted contemptuously to the weakling and the coward is but a poor boon after it has been granted.