Notwithstanding the early recognition of the possibility of securing rotary motion with Watt's perfected Newcomen engine, it was long before the full possibilities of the application of this principle were realized, even by the most practical of machinists. Watt himself apparently appreciated the possibilities no more fully than the others, as the use of his famous engines "Beelzebub" and "Old Bess" in the establishment of Boulton and Watt amply testifies. It appears that Boulton had been an extensive manufacturer of ornamental metal articles. To drive his machinery at Soho he employed two large water wheels, twenty-four feet in diameter and six feet wide. These sufficed for his purpose under ordinary conditions, but in dry weather from six to ten horses were required to aid in driving the machinery. When Watt's perfected engine was available, however, this was utilized to pump water from the tail race back to the head race, that it might be used over and over. "Old Bess" had a cylinder thirty-three inches in diameter with seven-foot stroke, operating a pump twenty-four inches in diameter; it therefore had remarkable efficiency as a pumping apparatus. But of course it utilized, at best, only a portion of the working energy contained in the steam; and the water wheels in turn could utilize not more than fifty per cent. of the store of energy which the pump transferred to the water in raising it. Therefore, such use of the steam engine involved a most wasteful expenditure of energy. It was long, however, before the practical machinists could be made to believe that the securing of direct rotary power from the piston could be satisfactorily accomplished. It was only after the introduction of higher speed and heavier fly-wheels, together with improved governors, that the speed of rotation was so equalized as to meet satisfactorily the requirements of the practical engineer, and ultimately to displace the wasteful method of securing rotary motion indirectly through the aid of pump and water wheel. It may be added, that the centrifugal governor, with which modern engines are provided to regulate their speed, was the invention of Watt himself. FINAL IMPROVEMENTS AND MISSED OPPORTUNITIES