15 



wealth in a manner well calculated to ad- 

 vance the welfare of mankind, and it 

 should come from the industries them- 

 selves, which owe such a heavy debt to sci- 

 ence. While it can not be shown that the 

 contribution of any one manufacturer or 

 corporation to a particular purely scien- 

 tific research will bring any return to the 

 contributor or to others, it is certain that 

 contributions by the manufacturers in gen- 

 eral and by the industrial corporations to 

 pure scientific research, as a whole, will in 

 the long run bring manifold returns 

 through the medium of industrial research 

 conducted in the rich and virgin territory 

 discovered by the scientific explorer. 



It was Michael Faraday, one of the 

 greatest of the workers in pure science, 

 who in the last century discovered the 

 principle of the dynamo electric machine. 

 Without a knowledge of this principle dis- 

 covered by Faraday the whole art of elec- 

 trical engineering as we know it to-day 

 could not exist and civilization would have 

 been deprived of those inestimable benefits 

 which have resulted from the work of the 

 members of this institute. 



Not only Faraday in England, but 

 Joseph Henry in our own country and 

 scores of other workers in pure science have 

 laid the foundations upon which the elec- 

 trical engineer has reared such a magnifi- 

 cent structure. 



What is true of the electrical art is also 

 true of all the other arts and applied sci- 

 ences. They are all based upon fundamen- 

 tal discoveries made by workers in pure 

 science, who were seeking only to discover 

 the laws of nature and extend the realm of 

 human knowledge. 



