"The ultimate results of development in these three directions are: first, the burning of coal by a cold process in a battery; second, the efficient utilization of the energy of the ambient medium; and, third the transmission without wires of electrical energy to any distance. In whatever way these results may be arrived at, their practical application will necessarily involve an extensive use of iron, and this invaluable metal will undoubtedly be an essential element in the further development along these three lines. If we succeed in burning coal by a cold process and thus obtain electrical energy in an efficient and inexpensive manner, we shall require in many practical uses of this energy electric motors that is, iron. If we are successful in deriving energy from the ambient medium, we shall need, both in the obtainment and utilization of the energy, machinery again, iron. If we realize the transmission of electrical energy without wires on an industrial scale, we shall be compelled to use extensively electric generators once more, iron. Whatever we may do, iron will probably be the chief means of accomplishment in the near future, possibly more so than in the past. How long its reign will last is difficult to tell, for even now aluminium is looming up as a threatening competitor. But for the time being, next to providing new resources of energy, it is of the greatest importance to making improvements in the manufacture and utilization of iron. Great advances are possible in these latter directions, which, if brought about, would enormously increase the useful performance of mankind. Iron is by far the most important factor in modern progress. It contributes more than any other industrial product to the force accelerating human movement. So general is the use of this metal, and so intimately is it connected with all that concerns our life, that it has become as indispensable to us as the very air we breathe. Its name is synonymous with usefulness. But, however great the influence of iron may be on the present human development, it does not add to the force urging man onward nearly as much as it might. First of all, its manufacture as now carried on is connected with an appalling waste of fuel that is, waste of energy. Then, again, only a part of all the iron produced is applied for useful purposes. A good part of it goes to create frictional resistances, while still another large part is the means of developing negative forces greatly retarding human movement. Thus the negative force of war is almost wholly represented in iron."