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“We have taken steps to call Parliament together immediately, in order to lay before it certain measures which we believe will enable us to tide over this crisis. But in the meantime we must try to pacify the working classes, who are being agitated by the dismal forecasts of the newspapers. I have no desire to inquire into the origin of the jeremiads which are being printed daily in a certain group of papers; but I cannot help noticing that they all tend towards a discrediting of myself and my colleagues. There is a cry for action; whereas I think all of you will agree that consideration is required, so that the action, if it should become necessary, may be well-contrived.

“It is in these circumstances that we have called you gentlemen together. We propose to lay before you the main points of our scheme; and when you have heard them, we count upon you, as great employers of labour, to lay the matter before your employés. We shall use the newspapers also to disseminate our proposals; but personal efforts can do more than any printed appeals. I trust that we shall not look in vain for the cordial co-operation which is absolutely requisite at this crisis.”