An Institution like this has often been recommended upon considerations merely mercantile; but an Academy, founded upon such principles, can never effect even its own narrow purposes. If it has an origin no higher, no taste can ever be formed in manufactures; but if the higher Arts of Design flourish, these inferior ends will be answered of course. We are happy in having a Prince who has conceived the design of such an Institution, according to its true dignity; and who promotes the Arts, as the head of a great, a learned, a polite, and a commercial nation; and I can now congratulate you, Gentlemen, on the accomplishment of your long and ardent wishes. The numberless and ineffectual consultations which I have had with many in this assembly to form plans and concert schemes for an Academy, afford a sufficient proof of the impossibility of succeeding but by the influence of Majesty. But there have, perhaps, been times when even the influence of Majesty would have been ineffectual; and it is pleasing to reflect, that we are thus embodied, when every circumstance seems to concur from which honour and prosperity can probably arise. There are, at this time, a greater number of excellent artists than were ever known before at one period in this nation; there is a general desire among our Nobility to be distinguished as lovers and judges of the Arts; there is a greater superfluity of wealth among the people to reward the professors; and, above all, we are patronised by a Monarch, who, knowing the value of science and of elegance, thinks every art worthy of his notice, that tends to soften and humanise the mind. After so much has been done by His Majesty, it will be wholly our fault if our progress is not in some degree correspondent to the wisdom and generosity of the Institution: let us show our gratitude in our diligence, that, though our merit may not answer his expectations, yet, at least, our industry may deserve his protection. But whatever may be our proportion of success, of this we may be sure, that the present Institution will at least contribute to advance our knowledge of the Arts, and bring us nearer to that ideal excellence, which it is the lot of genius always to contemplate, and never to attain.