I have observed in the House of Morgan a largeness, nobility and firmness of character the like of which is very scarce indeed. I can only smile when I read the attempts to find something discreditable in the transactions of J.P. Morgan & Co. Not a hundred of such investigations will ever uncover anything which an unprejudiced judge would not consider honorable, fair, decent and in every way conforming to the high ideals and ethical standards of business. I would be willing to stake my life on it.
More than 35 years ago, I undertook the production of these phenomena (of lightning) and, in 1899 I actually succeeded, using a generator of 2,000 horsepower, in obtaining discharges of 18,000,000 volts carrying currents of 1,200 amperes, which were of such power as to be audible at a distance of 13 miles. I also learned how to produce such lightnings as occur in Nature, and mastered all the technical difficulties in this connection. But I found that even in the small and comparatively negligible trigger work called for the employment of thousands of horsepower; and this is the great obstacle now in the way of this supreme accomplishment.
It is a simple feat of scientific electrical engineering — only expensive — blind, faint-hearted, doubting world.
All that was great in the past was ridiculed, condemned, combated, suppressed - only to emerge all the more powerfully, all the more triumphantly from the struggle. Let the future tell the truth and evaluate each one according to his work and accomplishments. The present is theirs, the future, for which I really worked, is mine.
Following up these promising revelations I demonstrated conclusively by experiments that great amounts of electrical energy can be transmitted to any distance through upper air strata which are easily accessible, and since this truth has been recognized every fiber has been strained to realize such a transmission on a large scale.
...these features chiefly interest the scientific man, the thinker and reasoner. There is another feature which affords us still more satisfaction and enjoyment, and which is of still more universal interest, chiefly because of its bearing upon the welfare of mankind. Gentlemen, there is an influence which is getting strong and stronger day by day, which shows itself more and more in all departments of human activity, and influence most fruitful and beneficial—the influence of the artist. It was a happy day for the mass of humanity when the artist felt the desire of becoming a physician, an electrician, an engineer or mechanician or—whatnot—a mathematician or a financier; for it was he who wrought all these wonders and grandeur we are witnessing. It was he who abolished that small, pedantic, narrow-grooved school teaching which made of an aspiring student a galley-slave, and he who allowed freedom in the choice of subject of study according to one's pleasure and inclination, and so facilitated development.
Our first endeavors are purely instinctive prompting of an imagination vivid and undisciplined. As we grow older reason asserts itself and we become more and more systematic and designing. But those early impulses, though not immediately productive, are of the greatest moment and may shape our very destinies. Indeed, I feel now that had I understood and cultivated instead of suppressing them, I would have added substantial value to my bequest to the world. But not until I had attained manhood did I realize that I was an inventor.