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Only the man who does not need it, is fit to inherit wealth — the man who would make his own fortune no matter where he started. If an heir is equal to his money, it serves him; if not, it destroys him. But you look on and you cry that money corrupted him. Did it? Or did he corrupt his money? Do not envy a worthless heir; his wealth is not yours and you would have done no better with it. Do not think that it should have been distributed among you; loading the world with fifty parasites instead of one, would not bring back the dead virtue which was the fortune. Money is a living power that dies without its root. Money will not serve the mind that cannot match it. Is this the reason why you call it evil?

Jan 23, 2022

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About Herbert Eugene Ives

Herbert Eugene Ives

Herbert Eugene Ives

Herbert Eugene Ives (July 21, 1882, Philadelphia, Pennsylvania - November 13, 1953) was a scientist and engineer who headed the development of facsimile and television systems at AT&T in the first half of the twentieth century. Ives studied at the University of Pennsylvania and the Johns Hopkins University, where he graduated in 1908. He wrote a 1920 book on aerial photography, while an Army reserve officer, in the aviation section.

Like his father Frederic Eugene Ives, Herbert was an expert on color photography. In 1924 he transmitted and reconstructed the first color facsimile, using color separations. In 1927 he demonstrated 185-line long-distance television, transmitting the image of Herbert Hoover from AT&T's experimental station 3XN in Whippany, New Jersey.

In the 1940s, Ives expressed his vigorous opposition to Einstein's theory of relativity. His friend, the noted physicist H. P. Robertson, contributed the following summary of Ives' attitude toward special relativity in a biography of Ives:

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