THE convulsion of 1893 left its victims in dead-water, and closed much education. While the country braced itself up to an effort such as no one had thought within its powers, the individual crawled as he best could, through the wreck, and found many values of life upset. But for connecting the nineteenth and twentieth centuries, the four years, 1893 to I897, had no value in the drama of education, and might be left out. Much that had made life pleasant between 1870 and 1890 perished in the ruin, and among the earliest wreckage had been the fortunes of Clarence King. The lesson taught whatever the bystander chose to read in it; but to Adams it seemed singularly full of moral, if he could but understand it. In 1871 he had thought King's education ideal, and his personal fitness unrivalled. No other young American approached him for the combination of chances — physical energy, social standing, mental scope and training, wit, geniality, and science, that seemed superlatively American and irresistibly strong. His nearest rival was Alexander Agassiz, and, as far as their friends knew, no one else could be classed with them in the running. The result of twenty years' effort proved that the theory of scientific education failed where most theory fails — for want of money. Even Henry Adams, who kept himself, as he thought, quite outside of every possible financial risk, had been caught in the cogs, and held for months over the gulf of bankruptcy, saved only by the chance that the whole class of millionaires were more or less bankrupt too, and the banks were forced to let the mice escape with the rats; but, in sum, education without capital could always be taken by the throat and forced to disgorge its gains, nor was it helped by the knowledge that no one intended it, but that all alike suffered.