"Let us see what other writers have to say on the question. Having begun to think that alchemy was after all solely a philosophy entirely metaphysical instead of a physical science (in which they erred), they declared that the extraordinary transmutation of base metals into gold was merely a figurative expression for the transformation of man, freeing him of his hereditary evils and of his infirmities in order that he might attain to a degree of regeneration which would elevate him into a divine Being. This in fact is the synthesis of transcendental alchemy and is its principal object; but this does not for all that represent every end which this science has in view. Aristotle said in Alexandria that the philosopher's stone was not a stone at all, that it is in each man, everywhere, at all times, and is called the final aim of all philosophers. Aristotle was mistaken in his first proposition though right with regard to the second. On the physical kingdom, the secret of the Alkahest produces an ingredient which is called the philosopher's stone; but for those who care not for perishable gold, the alkahest, as Professor Wilder tells us, is only the allgeist, the divine spirit, which dissolves gross matter in order that the unsanctified elements may be destroyed."
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H. P. Blavatsky Achemy in the Nineteenth Century: II Translated from La Revue Theosophique) (1898-99)
https://en.wikiquote.org/wiki/Philosopher's_stone
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Philosopher's stone
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