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ethical judgments is undermined, and all value is taken out of their collective opinion on social and political topics. They are made day-dreamers, or philistines, or ready victims of suggestion, to be operated upon by religious fakers, or politicians, or social innovators. What they need is criticism, with all the pessimism which it may bring in its train. Ethics belong to the folkways of the time and place; they can be kept sound and vigorous only by the constant reaction between the traditional rule and the individual judgment. What we must have, on this domain also, is a demand for reality and a trained power to perceive the relation between all human interests and the facts of reality at the time existing.

These are the ideas which it seemed to me most desirable to suggest to you at this moment when you are joining this society. I hope that you will here, by your work, your influence on each other, and all the exercises of the society, develop your zeal for scientific truth, and all the virtues of mind and character which common pursuit of reality may be expected to produce. We cannot welcome you to grand halls and old endowments. You cannot carry on your work under fine paintings, with beautiful furniture, or a rich society library. I will say frankly that I wish you could do so; I wish that we had all the accumulations of time and money which such conveniences would present. I do not doubt, however, that your youth and zeal will suffice for you and we expect that you will make up for all deficiencies by your earnest work. It should be the spirit with which you enter the society to make your connection with it tell on your education. You have been selected as men of earnest purpose and industry. You can do much for each other. Common interest in the same line of work will draw you together, I wish you all prosperity and success.