“Such a tide of generosity bursting forth from the hearts and minds of strong and shrewd men who differ so widely from each other in residence and ideas, yet flowing in one direction, means something. What is it? At the source of it lies, doubtless, a perception of duty to the country and a feeling of pride in the country’s glory. United with this is, naturally, more or less of an honorable personal ambition; but this is not all; strong common sense has done much to create the current and still more to shape its course. For, as to the origin of this stream, the wealthy American knows perfectly that the laws of his country favor the dispersion of inherited wealth rather than its retention; that in two or three generations at most his descendants, no matter how large their inheritance, must come to the level determined by their character and ability; that their character and ability are most likely to be injured, and therefore the level to which they subside lowered, by an inheritance so large as to engender self-indulgence; that while, in Great Britain, the laws and customs of primogeniture and entail enable men of vast wealth to tie up their property, and so to found families, this, in America, is impossible; and that though the tendency toward the equalization of fortunes may sometimes be retarded, it cannot be prevented. “So, too, as to the direction of the stream; this same common sense has given its main channel. These great donors have recognized the fact that the necessity for universal primary education will always be seen, and can be adequately provided for, only by the people as a whole; but that the necessity for that advanced education which can alone vivify and energize the whole school system, drawing a rich life up through it, sending a richer life down through it, will rarely be provided for, save by the few men wise enough to understand a great national system of education, and strong enough efficiently to aid it. “It is, then, plain, good sense which has led mainly to the development of a munificence such as no other land has seen; therefore it is that the long list of men who have thus distinguished themselves and their country is steadily growing longer.”