And, first of all, as an invited visitor of the London Rowing Club on this most interesting occasion, I will beg, in the name of the other invited visitors present--always excepting the distinguished guests who are the cause of our meeting--to thank the president for the modesty and the courtesy with which he has deputed to one of us the most agreeable part of his evening's duty. It is the more graceful in him to do this because he can hardly fail to see that he might very easily do it himself, as this is a case of all others in which it is according to good taste and the very principles of things that the great social vice, speech-making, should hide it diminished head before the great social virtue action. However, there is an ancient story of a lady who threw her glove into an arena full of wild beasts to tempt her attendant lover to climb down and reclaim it. The lover, rightly inferring from the action the worth of the lady, risked his life for the glove, and then threw it rightly in her face as a token of his eternal adieu. {16} I take up the President's glove, on the contrary, as a proof of his much higher worth, and of my real interest in the cause in which it was thrown down, and I now profess my readiness to do even injustice to the duty which he has assigned me.

Gentlemen, a very remarkable and affecting volume was published in the United States within a short time before my last visit to that hospitable land, containing ninety-five biographies of young men, for the most part well-born and well nurtured, and trained in various peaceful pursuits of life, who, when the flag of their country waved them from those quiet paths in which they were seeking distinction of various kinds, took arms in the dread civil war which elicited so much bravery on both sides, and died in the defence of their country. These great spirits displayed extraordinary aptitude in the acquisition, even in the invention, of military tactics, in the combining and commanding of great masses of men, in surprising readiness of self-resource for the general good, in humanely treating the sick and the wounded, and in winning to themselves a very rare amount of personal confidence and trust. They had all risen to be distinguished soldiers; they had all done deeds of great heroism; they had all combined with their valour and self-devotion a serene cheerfulness, a quiet modesty, and a truly Christian spirit; and they had all been educated in one school--Harvard University.

Gentlemen, nothing was more remarkable in these fine descendants of our forefathers than the invincible determination with which they fought against odds, and the undauntable spirit with which they resisted defeat. I ask you, who will say after last Friday that Harvard University is less true to herself in peace than she was in war? I ask you, who will not recognise in her boat's crew the leaven of her soldiers, and who does not feel that she has now a greater right than ever to be proud of her sons, and take these sons to her breast when they return with resounding acclamations? It is related of the Duke of Wellington that he once told a lady who foolishly protested that she would like to see a great victory that there was only one thing worse than a great victory, and that was a great defeat.

But, gentlemen, there is another sense in which to use the term a great defeat.