Such was the Christmas gift which Michael Faraday presented to the world in 1821.
Faraday died a poor man in 1867, neither for lack of opportunity nor for lack of ability to grasp his opportunities, but because as his pupil Tyndall tells us, he found it necessary to choose between the pursuit of wealth and the pursuit of science, and he deliberately chose the latter. This is not a bad thing. It is perhaps as it should be, and as it has been in the vast majority of cases. But another fact which can not be viewed with like equanimity is that of all the inexhaustible wealth which Faraday poured into the lap of the world, not one millionth, not a discernible fraction, has ever been returned to science for the furtherance of its aims and its achievements, for the continuance of research.
There is no regular machinery for securing the permanent endowment of research, and it is always and everywhere a barely tolerated intruder. In the universities it crouches under the shadow of pedagogy, and snatches its time and its materials from the fragments which are left over when the all-important business of teaching the young what others have accomplished has been done. In commercial institutions it occasionally pursues a stunted career, subject to all the caprices of momentary commercial advantage and the cramped outlook of the "practical man." The investigator in the employ of a commercial undertaking is encouraged to be original, it is true, but not to be too original. He must never transcend the "practical," that is to say, the infinitesimal rearrangement of the preexisting. The institutions existing in the world which are devoted to research and, research alone can almost be counted on the fingers. The Solvay Institute in Brussels, the Nobel Institute in Stockholm, the Pasteur Institute in France, the Institute for Experimental Therapy at Frankfort, The Kaiser Wilhelm Institutes at Berlin, The Imperial Institute for Medical Research at Petrograd, the Biologisches Versuchsanstalt at Vienna, the Biological Station at Naples, the Royal Institution in London, the Wellcome Laboratories in England and at Khartoum, the Smithsonian, Wistar, Carnegie and Rockefeller Institutes in the United States; the list of research institutes of important dimensions (excluding astronomical observatories) is, I believe, practically exhausted by the above enumeration, and many of them are woefully undermanned and underequipped. At least two of them, the Solvay Institute wholly, and the Frankfort Institute for Experimental Therapy in part, owe their existence and continuance to scientific men, Solvay and Ehrlich, who have contrived to combine the pursuit of wealth and of science, and have dedicated the wealth thus procured to the science that gave it birth.
In 1900 the value of the manufacturing industries in the United States which had been developed from patented scientific inventions was no less than $395,663,958 per annum,[4] corresponding to a capital value of about $10,000,000,000. It is impossible to arrive at any accurate estimate of the proportion of this wealth which finds its way back to science to provide equipment and subsistence for the investigator, who is creating the wealth of the future. But the capital endowment of the Rockefeller and Carnegie Institutes, the two wealthiest institutes of research in the world is, according to the 1914 issue of Minerva, only $29,000,000. The total income (exclusive of additions to endowments) of all the higher institutions of learning in the United States in 1913, was only $90,000,000, of which a minute percentage was expended in research.
[4] 12th census, Vol. 10, Part 4.
If science produces so much wealth, is there no contrivance whereby we can cause a small fraction of this wealth to return automatically to science and to furnish munitions of war for fresh conquests of nature? A very small investment in research often produces colossal returns. In 1911 the income of the Kaiser Wilhelm Institute for Physical Chemistry was only $21,000. In 1913 the income of the Institute for Experimental Therapy at Frankfort, where "606" was discovered, was only $20,000; that of the Imperial Institute for Medical Research at Petrograd was $95,000, and that of the National Physical Laboratory in England (not exclusively devoted to research) was $40,000. Yet these are among the most famous research institutions in the world and have achieved results of world-wide fame and inestimable value both from a financial standpoint and from the standpoint of the physical, moral and spiritual welfare of mankind.
In 1856, Perkin, an English chemist, discovered the coal-tar (anilin) dyes. The cost of this investigation, which was carried out in an improvised, private laboratory was negligible. Yet, in 1905, the United States imported $5,635,164 worth of these dyes from Europe, and Germany exported $24,065,500 worth to all parts of the world.[5] To-day we read that great industries in this country are paralyzed because these dyes temporarily can not be imported from Germany. All of these vast results sprang from a modest little laboratory, a meager equipment and the genius and patience of one man.
[5] U. S. Census Bureau Bull. 92.
W. R. Whitney, director of the research laboratory of the General Electric Company, points out that the collective improvements in the manufacture of filaments for electric lamps, from 1901 to 1911, have saved the consumer and producer no less than $240,000,000 annually. He adds with apparently unconscious naivete that the expenses of the research laboratory in his charge aggregate more than $100,000 annually![6] A handsome investment, this, which brings in some two hundred million for an outlay of one hundred thousand.
[6] "Technology and Industrial Efficiency," McGraw-Hill Book Co., 1911.