"The task I am called upon to perform today is to my thinking by no means a merely formal or easy matter. It fills me with deep concern to give an address, with such authority as a president's chair confers, upon a science which, though still in a purely nascent stage, seems to me at least as important as any other science whatever. Psychical science, as we here try to pursue it, is the embryo of something which in time may dominate the whole world of thought. This possibility — nay, probability — does not make it the easier to me now. Embryonic development is apt to be both rapid and interesting; yet the Prudent man shrinks from dogmatizing on the egg until he has seen the chicken."