More material progress has been made during the past one hundred and fifty years under the American system of business enterprise than during all the preceding centuries in world history. This record of achievement is a challenge to those who would radically change that system.

In recent times, modern science has developed to give mankind, for the first time in the history of the human race, a way of securing a more abundant life which does not simply consist in taking away from someone else.

Science really creates wealth and opportunity which did not exist before. Whereas the old order was based on competition, the new order of science makes possible, for the first time, a cooperative creative effort in which every one is the gainer and no one the loser.

More material progress has been made during the past one hundred and fifty years under the American system of business enterprise than during all the preceding centuries in world history. This record of achievement is a challenge to those who would radically change that system.

The question of engineering should be of interest not only to those of us who are engineers, but to the entire public which lives in an engineering world

No amount of artificial protection can permanently maintain an obsolete product, an inferior process or a moribund organization against competitors which are based on scientifically improved products or methods.