ment but for education.

Read from "Edison--His Life and Inventions," by F. L. Dyer (Harper).
Clubs interested in modern discoveries, should take up in this
connection the work of Marconi and the Wright brothers; there is
material here for several meetings.

VII--MORGAN--FINANCIER

No study of the men of our time would be complete without considering
one of the famous financiers of the present age of wealth. Among a group
of several, J. Pierpont Morgan stands easily first as the greatest
organizer.

Born in Connecticut in 1837, he studied in Boston and later in Germany,
and at the age of twenty became a banker. His first large business deal,
however, was in the acquisition of a railroad, taking it from the hands
of an infamous ring who controlled it and reorganizing it. After this
he adopted the syndicate method for floating bonds.

He financed many trunk lines of railway, the ocean steamship business,
the coal and railway business of Pennsylvania, the Guarantee Trust
Company, with a capital of $150,000,000, and the United States Steel
Corporation, with a capital of $1,400,000,000. It is said that he
controlled three billion dollars of railway properties.

The secret of Morgan's success lay in his skill in estimating railway
values, his unerring memory, and his extraordinary genius for detail. He
had immense determination and force hidden behind a profound reticence.
His aims were broad and his outlook was over the country as a whole. His
fame rests on his ability both as a financier and as a great collector,
for he used much of his enormous wealth in building up one of the
world's great collections of books, manuscripts, pictures, and curios.

Read from "The Life Story of Pierpont Morgan," by Carl Hovey (Sturgis
and Walton). Study the lives of other financiers of our time, comparing
and contrasting them, taking especially the two men of great wealth,
Rockefeller and Carnegie.

VIII--KELVIN--SCIENTIST

William Thomson, later Sir William, and later still Baron Kelvin, the
greatest exponent of physical science in our age, was born in Belfast in
1824, the son of a teacher of mathematics. At twenty-two he was made
professor of natural philosophy at Glasgow, and he held this position
for more than fifty years.

In 1851 he read his first paper before the Royal Society; its subject
was "The Dissipation of Energy," and it was the original statement of
the law now universally accepted. He made many leading discov