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his munificent gift of 2；000L。 to the Royal Society； the following clause：〃And I hereby empower the said President； Council； and Fellows； after my decease； in furtherance of the above declared objects of the trust； to apply the said dividends to aid or reward any individual or individuals of any country； SAVING ONLY THAT NO PERSON BEING A MEMBER OF THE COUNCIL FOR THE TIME BEING； SHALL RECEIVE OR PARTAKE OF SUCH REWARD。〃
Another improvement which might be suggested； is； that it is generally inexpedient to vote a medal until the paper which contains the discovery is at least read to the Society； perhaps even it might not be quite unreasonable to wish that it should have been printed； and consequently have been perused by some few of those who have to decide on its merits。 These trifles have not always been attended to； and even so lately as the last year； they escaped the notice of the President and his Council。 The Society was； however； indebted to the good sense of Mr。 Faraday； who declined the proffered medal； and thus relieved us from one additional charge of precipitancy。 ＇When this hasty adjudication was thus put a stop to； one of the members of the Council inquired； whether； as a Copley medal must by the will he annually given； some other person might not be found deserving of it。 To which the Secretary replied； 〃We do not intend to give any this year。〃 All further discussion was thus silenced。＇
Perhaps； also； as the Council are on some occasions apt to be oblivious； it might be convenient that the President should read； previously to the award of any medals or to the decision of any other important subjects； the statutes relating to them。 He might perhaps propitiate their attention to them； by stating； HOW MUCH IT IMPORTETH TO THE CONSISTENCY OF THE COUNCIL TO BE ACQUAINTED WITH THE LAWS ON WHICH THEY ARE ABOUT TO DECIDE。
If those who have been conversant with the internal management of the Council； would communicate their information； something curious might perhaps be learned respecting a few of these medals。 Concerning those of which I have had good means of information； I shall merely state of three of themthat whatever may have been the official reasons for their award； I had ample reasons to convince me of the following being the true causes：
First。A medal was given to A； at a peculiarly inappropriate timeBECAUSE HE HAD NOT HAD ONE BEFORE。
Second。Subsequently a medal was given to B； in order TO DESTROY THE IMPRESSION WHICH THE AWARD OF THE MEDAL TO A HAD MADE ON THE PUBLIC THE PRECEDING YEAR。
Third。A medal was given to C； 〃BECAUSE WE THINK HE HAS BEEN ILL USED。〃
I will now enter on an examination of one of their awards； which was peculiarly injudicious。 I allude to that concerning the mode of rendering platina malleable。 Respecting； as I did； the illustrious philosopher who invented the art； and who has left many other claims to the gratitude of mankind； I esteem it no disrespect to his memory to place that subject in its proper light。
An invention in science or in art； may justly be considered as possessing the rights of property in the highest degree。 The lands we inherit from our fathers； were cultivated ere they were born； and yielded produce before they were cultivated。 The products of genius are the actual creations of the individual； and； after yielding profit or honour to him； they remain the permanent endowments of the human race。 If the institutions of our country； and the opinions of society； support us fully in the absolute disposal of our fields； of which we can； by the laws of nature； be only the transitory possessors； who shall justly restrict our discretion in the disposal of those richer possessions； the products of intellectual exertion？
Two courses are open to those individuals who are thus endowed with Nature's wealth。 They may lock up in their own bosoms the mysteries they have penetrated； and by applying their knowledge to the production of some substance in demand in commerce； thus minister to the wants or comforts of their species； whilst they reap in pecuniary profit the legitimate reward of their exertions。
It is open to them； on the other hand； to disclose the secret they have torn from Nature； and by allowing mankind to participate with them； to claim at once that splendid reputation which is rarely refused to the inventors of valuable discoveries in the arts of life。
The two courses are rarely compatible； only indeed when the discoverer； having published his process； enters into equal competition with other manufacturers。
If an individual adopt the first of these courses； and retaining his secret； it perish with him； the world have no right to complain。 During his life； they profited by his knowledge； and are better off than if the philosopher had not existed。
Monopolies； under the name of patents； have been devised to assist and reward those who have chosen the line of pecuniary profit。 Honorary rewards and medals have been the feeble expressions of the sentiments of mankind towards those who have preferred the other course。 But these have been； and should always be； kept completely distinct。 ＇It is a condition with the Society of Arts； never to give a reward to any thing for which a patent has been； or is to be； taken out。＇
Let us now consider the case of platina。 A new process was discovered of rendering it malleable； and the mere circumstance of so large a quantity having been sent into the market； was a positive benefit； of no ordinary magnitude； to many of the arts。 The discoverer of this valuable process selected that course for which no reasonable man could blame him； and from some circumstance； or perhaps from accident； he preserved no written record of the manipulations。 Had Providence appointed for that disorder； which terminated too fatally； a more rapid career； all the knowledge he had acquired from the long attention he had devoted to the subject； would have been lost to mankind。 The hand of a friend recorded the directions of the expiring philosopher； whose anxiety to render useful even his unfinished speculations； proves that the previous omission was most probably accidental。
Under such circumstances it was published to the world in the Transactions of the Royal Society。 But what could induce that body to bestow on it their medal？ To talk of adding lustre to the name of Wollaston by their medal； is to talk idly。 They must have done it then as an example； as a stimulus to urge future inquiries in the career of discovery。 But did they wish discoveries to be so endangered？
The discoveries of Professor Mitscherlick； of Berlin； had long been considered； by a few members of the Society； as having strong claims on one of its honorary rewards； but difficulties had arisen； from so few members of the Council having any knowledge of discoveries which had long been familiar to Europe。 The Council were just on the point of doing justice to the merits of the Prussian philosopher； when it was suggested that its medal should be given to Dr。 Wollaston； and they immediately altered their intention； and thus enabled themselves to reserve their medal to Professor Mitscherlick for another year； at which period； for aught they