The value of iron lies in its versatility. It is a dozen metals in one. It can be made hard or soft, brittle or malleable, tough or weak, resistant or flexible, elastic or pliant, magnetic or non-magnetic, more or less conductive to electricity, by slight changes of composition or mere differences of treatment. No wonder that the medieval mind ascribed these mysterious transformations to witchcraft. But the modern micrometallurgist, by etching the surface of steel and photographing it, shows it up as composite as a block of granite. He is then able to pick out its component minerals, ferrite, austenite, martensite, pearlite, graphite, cementite, and to show how their abundance, shape and arrangement contribute to the strength or weakness of the specimen. The last of these constituents, cementite, is a definite chemical compound, an iron carbide, Fe_{3}C, containing 6.6 per cent. of carbon, so hard as to scratch glass, very brittle, and imparting these properties to hardened steel and cast iron. With this knowledge at his disposal the iron-maker can work with his eyes open and so regulate his melt as to cause these various constituents to crystallize out as he wants them to. Besides, he is no longer confined to the alloys of iron and carbon. He has ransacked the chemical dictionary to find new elements to add to his alloys, and some of these rarities have proved to possess great practical value. Vanadium, for instance, used to be put into a fine print paragraph in the back of the chemistry book, where the class did not get to it until the term closed. Yet if it had not been for vanadium steel we should have no Ford cars. Tungsten, too, was relegated to the rear, and if the student remembered it at all it was because it bothered him to understand why its symbol should be W instead of T. But the student of today studies his lesson in the light of a tungsten wire and relieves his mind by listening to a phonograph record played with a "tungs-tone" stylus. When I was assistant in chemistry an "analysis" of steel consisted merely in the determination of its percentage of carbon, and I used to take Saturday for it so I could have time enough to complete the combustion. Now the chemists of a steel works' laboratory may have to determine also the tungsten, chromium, vanadium, titanium, nickel, cobalt, phosphorus, molybdenum, manganese, silicon and sulfur, any or all of them, and be spry about it, because if they do not get the report out within fifteen minutes while the steel is melting in the electrical furnace the whole batch of 75 tons may go wrong. I'm glad I quit the laboratory before they got to speeding up chemists so.