Where, then, are the greatest laboratories of research in this city, in this country, nay, in the world? We see a few miserable structures here and there occupied by a few starving professors who are nobly striving to do the best with the feeble means at their disposal. But where in the world is the institute of pure research in any department of science with an income of $100,000,000 par year. Where can the discoverer in pure science earn more than the wages of a day laborer or cook? But $100,000,000 per year is but the price of an army or a navy designed to kill other people. Just think of it, that one per cent, of this sum seems to most people too great to save our children and descendants from misery and even death! But the twentieth century is near--may we not hope for better things before its end? May we not hope to influence the public in this direction? Let us go forward, then, with confidence in the dignity of our pursuit. Let us hold our heads high with a pure conscience while we seek the truth, and may the American Physical Society do its share now and in generations yet to come in trying to unravel the great problem of the constitution and laws of the Universe. HENRY A. ROWLAND. [Footnote 1: Address delivered to the Physical Society of America by the President, at its meeting in New York, October 28, 1899.]