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hat nothing is so characteristic of the modern spirit as the art of publishing things before they happen. Nowadays all the world is on tiptoe, and the soul of journalism must be prophetic, because it has to do for a curious and wide-eyed public what was done for a much simpler generation by the alchemists and the astrologer. We ought to be thankful that this somewhat perilous business is conducted, on the whole, with so much discretion and breadth of mind. We have no less admiration, gentlemen, for the judgment of our press than for the enterprise which is born of competition, and, although that judgment has often to be framed under conditions which demand almost breathless rapidity, it does not always bear unfavorable comparison with the protracted meditation of the philosophic recluse. [Cheers.] But there is one thing which the ubiquitous energies of the press cannot command, and that is immunity for its members from the chances of evil fortune, from sickness and decay. ["Hear! Hear!"] I suppose there is no profession which makes such heavy calls upon the bodily and mental vigor of its servants as the profession of the journalist. Whoever nods, he must be always fresh and alert. Whoever is content with the ideas of yesterday, the journalist must be equipped with the ideas of to-morrow. In the course of my life it has been my privilege to number many brilliant journalists amongst my dearest friends, and I sorrowfully call to mind now more than one undaunted spirit who has suffered the penalties of overtaxed strength. It is in these cases that this fund should be of special benefit. It is in your power to give that timely help which saves the exhausted brain and restores the broken nerve. I stand to-night in a place which has been occupied by many distinguished advocates of this fund--advocates who have spoken with eloquence to which I can make no pretension. But I would earnestly impress upon you this thought, than which no plea can be more eloquent--remember that whatever you may give out of goodness of heart, from the memories of old comradeship, from the thousand and one associations which bind together fellow-workers in various arts and callings, remember that it may be the means some day of snatching from the last despond some one whose hand you have pressed in friendship, and whose voice has an echo in your hearts. I ask you to drink "Prosperity to the Newspaper Press Fund." [Loud cheers.] RICHARD CLAVER
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