The next morning none of the daily papers had any report of my speech. The _Times_ included it under the words "other toasts followed." This was the treatment I had been most afraid of. I knew there was no chance of doing anything if I was simply ignored. It was not that my speech was not important, but it was late and I was a stranger. Mr. I. N. Ford, representative of the New York _Tribune_ and the Toronto _Globe_, was present, and he at one saw the importance of the policy I propounded, and cabled to New York, and all over the States, and to Toronto a report of the dinner. His report, in view of subsequent developments, may be reproduced: The most interesting episode of the last twenty-four hours has been the breath of fresh air at the Imperial function, the annual banquet of the Royal Colonial Institute in Whitehall Rooms. The speaking began after nine o'clock and was perfunctory for two hours. Lord Grey, as chairman, opened the proceedings quietly, and there was nothing of exceptional interest. The Hon. Henry Copeland, representing New South Wales, suggested that the three sons of the Prince of Wales, should have the titles of Princes of Canada, of Australia and of South Africa, and the daughter Princess of New Zealand. Lieut.-General Leslie Rundle asserted that a good feeling had been brought about between the colonial contingents and the British Army. The Lord Chancellor talked about the utility of Parliament. Lord Grey paid a tribute to the unselfish idealism of Mr. Cecil Rhodes. It was not until eleven that real interest was created by the response of Colonel Denison to the toast of "The United Empire." He was only on his feet five minutes, but he carried the representative audience of 240 colonials with him. He then gave a summary of the speech and concluded: Colonel Denison's policy excited murmurs of dissent at first, but was applauded with great vigour at the close as a practical sequel to the tax on grain and flour. I give the verbatim report of this speech, and it will be seen that it contains the whole principle of the Tariff Reform movement which has since made such headway: