The General Electric Company, The Westinghouse Company, the Eastman Kodak Company, and many other industrial corporations in this country are supporting similar research and development laboratories, where scientific men of the highest training are busily exploring what Helmholtz called the rich territories near the boundary-lines of the various sciences and of the science forming the foundation of their respective industries. This reminds me of what I saw on a much smaller scale in Germany, nearly forty years ago, when I was a student there. We copied Germany’s good example, but are leading now, and the pace is so swift that Europeans are dropping behind us very rapidly. The spirit of scientific research has moved into our universities, and from the universities it has moved into our industrial organizations. Industrial research is making bigger and bigger demands upon the universities for highly trained scientific research men; the demand is larger than the supply, and because the industries can pay much higher salaries than the universities can much difficulty has been experienced in inducing bright and promising young scientists to pursue the academic career of a teacher. The quality of the scientific teacher in the university is temporarily deteriorating, that of the industrial research scientist is steadily rising; on the whole, however, the country is a gainer. The university man in the industries will transplant there the scientific idealism of the university. The captains of our leading industries already admit, as will be pointed out below, that the cultivation of scientific idealism is the best policy for our American industries. Listen to the papers which are read by their research men and you will see that the industries actually practise the new gospel of scientific idealism which they are preaching.