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Caption: Booklet - Addresses from Inauguration of Noyes
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in the industrial v rid power, she lust match her nee gainst the wealth and natural resources of other rich countries li! cur own. That she has B C i UC 1 is borne out by a -lance at her export statistics. By far the nou important factor in the dev lopment of the chemical industries in Germany lias been her universities. The German universiti > have perhaps cost the nation more than any other one institution, except her army. Unlike German militarism, however, the universities have been the best financial investment the nation has ever made. For two hundred years these great univ have been the nerve centers, yea, even the very brains, of the whole nation. During the last century they have played a unique and important part in this wonderful industrial development, "Without them, her mineral industries would not be worth a passing consideration. Without them, her coal-tar, _ lr and scores of other great industries would, in all probability, barely exist to-day. Without them, Germany ould still be a fourth instead of a first cla \ industrial power. Without them, I doubt if the nation could have lived through the fierce storms which have, from tin,, to time, swept over the empire. Without losing the dignity of the university, ithout Losing the highest ideals of cholarship, they have joined the purely scientific will, the commercial side of the bringing about conditions which have completely changed tl life, thefinan( . i;jl ;m ,i social conditions, of the nation. This onderful chan o has been brought na)ion
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