Acton Institute Powerblog

Valedictory: Sacrifice and Financial Success

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Earlier this month, I spoke at the commencement of Trinity School at Meadow View, a truly impressive private high school school in Falls Church, Va. Most impressive was the valedictory address given by the graduating senior Beau Lovdahl, who is on his way to Princeton in the fall. The story he relates here underscores the philosophy of the Acton Institute in many ways and I wanted to share it with PowerBlog readers. I hope you enjoy reading it.

Beau Lovdahl
Valedictory Address

Mr. Zwerneman; Father Sirico; Trinity faculty; parents, family and friends of the Class of 2011; I thank you for making this day a reality. I would like to congratulate my fellow classmates for finally completing six years of hard work in the classrooms and on the athletic fields. I would especially like to thank our loving and supportive parents for helping us and holding us accountable to get through our schooling. Finally, I would like to thank our faculty for giving us an excellent education. Now I would like to give a brief history lesson on a man that has inspired me the past seven months of my life.

On June 6th, 1884, a talented electrical engineer by the name of Nikola Tesla arrived in New York City from Serbia. All he had was a letter of recommendation from his former boss to Thomas Edison, with the words: “I know two great men and you are one of them; the other is this young man.” So Tesla began to work for Edison Machine Works company. He quickly rose from working on simple engineering matters to working on the company’s biggest problems. Edison offered Tesla 50,000 dollars to redesign the company’s inefficient direct current generators. This sum was worth 1.1 million dollars in today’s money. The very next year Tesla had redesigned the generators and asked Edison for his bonus. To this Edison replied, “Tesla, you don’t understand our American humor,” thus refusing the promised payment.

Having been refused a raise in pay, Tesla resigned his position and left the company. Tesla was forced to dig ditches to make ends meet. Yet while he was doing this he began planning a new system of power distribution, one that was based on alternating current, not Edison’s direct current. In 1888 Tesla showcased an alternating current induction motor to the American Institute for Electrical Engineering. This device would be the answer to the world’s energy needs. Tesla subsequently was hired by the industrialist George Westinghouse. Westinghouse saw great potential in Tesla’s alternating current technology for long distance power distribution. Once Tesla and Westinghouse began work, a “War of the Currents” erupted between Westinghouse and alternating current on the one hand, and Edison and direct current on the other.

Despite being slandered in a propaganda campaign by Edison, Tesla and Westinghouse proved victorious when they won the competition to power the Chicago World’s Fair of 1893 with alternating current. Then Tesla designed and built an alternating current power plant at Niagara Falls that successfully powered the city of Buffalo over 15 miles away. Tesla’s alternating current proved far more efficient than Edison’s direct current, and it allowed power to be sent over long distances. This system of power is still used to this day. The way it works is that alternating current electricity is generated by a power plant. The electricity is then stepped up to a very high voltage that allows it to be carried long distances with very little power loss. Then local transformers stepped the voltage down where it can be used to light lamps or heat homes. Thus power is efficiently distributed from the power plant to the common man.

The victory of the War of the Currents cost Westinghouse Electric & Manufacturing Company a great deal since they had to overcome Edison’s propaganda campaign. By 1897 the company was near bankruptcy. So Tesla tore up his royalties contract, freeing Westinghouse from having to pay Tesla for the use of his technology. Had Tesla not done this, he could have been the world’s first billionaire. Yet for the good of the Westinghouse Company and his vision of free energy for the world, Tesla sacrificed this fortune.

Tesla then moved to Colorado Springs where he began research on the wireless transmission of energy. In the 2006 movie The Prestige, Tesla’s assistant shows Hugh Jackman’s character a field of light bulbs that are not connected to any wires. The light bulbs are then illuminated, being powered wirelessly by a generator 15 miles away! This event actually occurred in 1899. After much research in Colorado, Tesla moved back to the east coast to Long Island, where he would test his theories of wireless energy on a larger scale. With $150,000 of funding from the industrialist J.P. Morgan, Tesla constructed Wardenclyffe Tower. Here Tesla hoped to transmit energy across the Atlantic to Paris. Yet four years later, Guglielmo Marconi made a radio transmission across the Atlantic and was credited with the invention of radio using 17 of Tesla’s patents. As a result, J.P. Morgan saw no need to continue funding Tesla’s work, since he believed Marconi had achieved what Tesla was trying to do. Tesla failed to convince Morgan that his research was for something much greater than radio. So in 1905 Tesla’s Wardenclyffe Tower project died and his dream of a large scale test of the wireless transmission of energy was shattered.

Tesla spent the rest of his life doing research in the fields of radio, remote control and electro-mechanically powered aircraft. He was also reported to have been working with the British government on a “Death Ray” but he never completed a prototype. The Death Ray would have been some sort of particle beam that would charge particles to a very high voltage and then shoot them at enemy armies or airplanes. Tesla hoped that this weapon would be a deterrent to war.

Tesla lived the last 10 years of his life alone in the New Yorker Hotel. He lived on a small pension from his homeland in Yugoslavia and worked on his research. Many thought he was insane. He was reclusive and was probably afflicted by an obsessive-compulsive disorder. The modern world that he helped build had forgotten him. He died alone in 1934 in his hotel room. His belongings were seized by the federal government, and his remains were sent back to Serbia.

This was an ignominious end to such a remarkable life. Yet by no means should we consider his life a tragedy. Tesla’s legacy was tremendous. All electricity from power plants today is generated and brought to us by Tesla’s innovations. After his death, the Supreme Court upheld Tesla as the true inventor of radio. He invented the spark plug device in car engines, and Tesla’s work in the wireless transmission of power brought us inventions such as the Tesla coil, which is used today to generate artificial lightning, and tuned circuits which form the basis of wireless communications today. He exemplified the indomitable nature of the human spirit.
Tesla also can show us how we should view the world and the life that we graduates are about to enter. First, Tesla demonstrated us how we should view money. Second, he showed us how we should pursue our goals and interests. Thirdly, he showed us why we should pursue our goals and interests.

Tesla never saw money as an intrinsic good. He did not work for the sake of money but he used the money earned to further his work. He once said,

Money does not represent such a value as men have placed upon it. All my money has been invested into experiments with which I have made new discoveries enabling mankind to have a little easier life.

He used money as a means to the end of advancing his research. He did not use his research as a means to the end of gaining money. Money was of course necessary to all his work and it was the lack of money that prevented him from bringing many of his ideas to fruition. Tesla could have been the world’s first billionaire had he not sacrificed his fortune for the good of his company’s success and the furthering of his technology throughout the world. Rather, he sought greater things than money, and only used money as a means to pursuing greater goods.

Tesla pursued his ideas and interests tirelessly despite being criticized or forgotten. After resigning from Edison’s company, Tesla conceived of today’s power distribution system while he was digging ditches in New York. Before working for Westinghouse, Tesla tried to start his own company, but his investors would not fund research in his idea of an alternating current system. So instead of giving in, Tesla went back to digging ditches. In his later years, Tesla was forgotten and deemed a mad scientist. He continued his research despite this. He did not work solely for the recognition of others. Instead he worked with resolve for something greater. As the Gospel of Mark says, “For what does it profit a man to gain the whole world and forfeit his life.”

Tesla wanted men to live better lives through the use of his technology. Tesla’s goal in the long distance distribution of his electricity and the wireless transmission of energy was to bring men closer together in friendly international relations. Even the goal of his Death Ray was to make a weapon so potent that wars would be put to an end. While these goals may sound cliché, they were what drove Tesla to take part in the creation of the modern world. Tesla showed us that a genuine pursuit of one’s interests for that sake of interest itself and for the sake of the betterment of mankind will lead to great things. He also showed that one should be ready to sacrifice things such as financial success and fame in order to achieve one’s goals. As we go off to start our independent lives we should ask ourselves two things. First, what truly interests us? And second, why pursue that interest? The answer to these questions should provide us with the motivation to pursue our interests with resolve. Tesla has showed us that pursuing one’s interest for a great good will lead one to complete a meaningful life. He found his answer in the pursuit of happiness for the betterment of mankind. The question is, where will we find ours?

May God be with us as we enter upon our life long pursuit.

Rev. Robert Sirico Rev. Robert A. Sirico received his Master of Divinity degree from the Catholic University of America, following undergraduate study at the University of Southern California and the University of London. During his studies and early ministry, he experienced a growing concern over the lack of training religious studies students receive in fundamental economic principles, leaving them poorly equipped to understand and address today's social problems. As a result of these concerns, Fr. Sirico co-founded the Acton Institute with Kris Alan Mauren in 1990. As president of the Acton Institute, Fr. Sirico lectures at colleges, universities, and business organizations throughout the U.S. and abroad. His writings on religious, political, economic, and social matters are published in a variety of journals, including: the New York Times, the Wall Street Journal, Forbes, the London Financial Times, the Washington Times, the Detroit News, and National Review. Fr. Sirico is often called upon by members of the broadcast media for statements regarding economics, civil rights, and issues of religious concern, and has provided commentary for CNN, ABC, the BBC, NPR, and CBS' 60 Minutes, among others. In April of 1999, Fr. Sirico was awarded an honorary doctorate in Christian Ethics from the Franciscan University of Steubenville, and in May of 2001, Universidad Francisco Marroquin awarded him an honorary doctorate in Social Sciences. He is a member of the prestigious Mont Pèlerin Society, the American Academy of Religion, and the Philadelphia Society, and is on the Board of Advisors of the Civic Institute in Prague. Father Sirico also served on the Michigan Civil Rights Commission from 1994 to 1998. He is also currently serving on the pastoral staff of Sacred Heart of Jesus parish in Grand Rapids, Michigan. Fr. Sirico's pastoral ministry has included a chaplaincy to AIDS patients at the National Institute of Health and the recent founding of a new community, St. Philip Neri House in Grand Rapids, Michigan.