"Mr. Chairman, Ladies, and Gentlemen,--I beg to thank you for the kind manner in which you have drunk my health, and for the feeling and touching sympathy you have evinced for the Princess of Wales. I can assure you it gives me the greatest gratification to be present to-day to inaugurate this College under the auspices of the International Education Society. I sincerely trust that this propitious weather and the goodly company I see around me may be omens of the future of this institution. The site of this College is all that can be desired, and I know that its management will be so administered as to fulfil to the utmost the anticipations of its promoters. There is now room for 80 pupils within its walls, and when the new wings are completed it will be capable of accommodating twice, probably treble, that number. There are, I understand, two sister institutions abroad--one in Germany, and the other in France; and after the pupils have completed their studies here they can avail themselves of the advantages of these institutions to perfect themselves in modern Continental languages. "I am not going to discuss the relative claims on our attention of the living and dead languages; but I believe it to be most important that modern languages should form one of the principal subjects of study on grounds of practical utility. No persons were ever more deeply impressed with this fact than my late lamented father, and another man whose name is now celebrated through England, Richard Cobden. I have travelled a great deal on the Continent, and I am confident that I should have found my sojourn in these countries far less pleasant than it was if I had not possessed a considerable knowledge of the vernacular of the people. "I thank you again sincerely for the manner in which you have drunk my health, and I shall convey to the Princess the deep sympathy you have evinced for her in her illness, the enthusiastic affection with which you have received her name, and your warm good wishes for her speedy restoration to health. Before sitting down I beg to propose a toast, which I am sure you will receive with every demonstration of approbation. It is "Success to the London College of the International Education Society." With that toast I beg to couple the name of Dr. Schmitz, whose pupil, I am proud to say, I once was while studying in the city of Edinburgh."