Tersely, Walter Dill Scott, President of Northwestern University, near Chicago, sought the attention of American investors. He recommended, selling-wise, investment in universities on the basis of past performances.
Than universities, said he, no known investments have yielded, ever will yield, greater dividends to acquisitive man.
His argument : Applied science, the springboard from which society took off for its undisputed "progress" of late centuries, was built in university laboratories by university professors. Witness the following builders with their affiliations, their good works:
Prof. Newton, of Cambridge Univ.−The three laws of motion, foundation of all...