From the bare economic point of view the importance of geniuses is only beginning to be appreciated. How can we measure the cash-value to France of a Pasteur, to England of a Kelvin, to Germany of an Ostwald, to us here of a Burbank? One main care of every country in the future ought to be to find out who its first-rate thinkers are and to help them. Cost here becomes something entirely irrelevant, the returns are sure to be so incommensurable. This is what wise men the world over are perceiving. And as the universities are already a sort of agency providentially provided for the detection and encouragement of mental superiority, it would seem as if that one among them that followed this line most successfully would quickest rise to a position of paramountcy and distinction. Why should not Stanford immediately adopt this as her vital policy? Her position is one of unprecedented freedom. Not trammelled by the service of the state as other universities on this coast are trammelled, independent of students' fees and consequently of numbers, Utopian in the material respects I have enumerated, she only needs a boldness like that shown by her founders to become the seat of a glowing intellectual life, sure to be admired and envied the world over. Let her claim her place; let her espouse her destiny. Let her call great investigators from whatever lands they live in, from England, France, Germany, Japan, as well as from America. She can do this without presumption, for the advantages of this place for steady mental work are so unparalleled. Let these men, following the happy traditions of the place, make the university. The original foundation had something eccentric in it; let Stanford not fear to be eccentric to the end, if need be. Let her not imitate; let her lead, not follow. Especially let her not be bound by vulgar traditions as to the cheapness or dearness of professorial service. The day is certainly about to dawn when some American university will break all precedents in the matter of instructors' salaries, and will thereby immediately take the lead, and reach the winning post for quality. I like to think of Stanford being that university. Geniuses are sensitive plants, in some respects like _prima donnas_. They have to be treated tenderly. They don't need to live in superfluity; but they need freedom from harassing care; they need books and instruments; they are always overworking, so they need generous vacations; and above all things they need occasionally to travel far and wide in the interests of their souls' development. Where quality is the thing sought after, the thing of supreme quality is cheap, whatever be the price one has to pay for it.