Massachusetts Institute of Technology - Technique Yearbook (Cambridge, MA)

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HENRY SALTONSTALL. his annual 1'eport, December 9, 1891, the President of the Institute of Technology made the following remark : I longago said that the greatest crisis through which a young institution of learning is called to pass, is, not with respect to its general scheme of work, not with respect'to its finances, not with respect to its Faculty, but with respect to its Board of Trus- tees. lVhat he then said on the subject of the cardinal im- portance of a right choice of trustees in an institution of learning, especially in its early days, he would now repeat with even more of emphasis, not only as the result of four years of added experience, but also out of his deep sense of the painful loss which the Institute of Technology has recently suffered in the death of one of its wisest, strongest, and bravest counselo1's. Henry Saltonstall was born into one of the most distinguished families of Massachusetts, at Salem, the second of hlarch, 1828. He fitted for college at Salem and at Phillips Exeter Academy, entering Harvard in 1843: but by reason of ill health was obliged to give up his studies and go to sea. Returning after a year's absence, he re-entered college, becoming a mem- ber of the Class of 18.18, in which he graduated seventh in scholarly rank, a lb. lf. lr., and second marshal on class day. It is not needful to dwell at length upon hir. Saltonstall's business career. It was from first to last marked by a masterly comprehension of affairs, by calm courage and decisive energy. He was for some years engaged in the East Indian trade, but when the outbreak of our Civil XVar made this line of business both unremunerative and hazardous, he took up the work of textile manufacturing, to which he was to devote the remainder of his life. His first charge was the treasurership of the Chicopee hlanufacturing Com- pany, a small mill, which he ran to its fullest capacity throughout the war, often by night as Well as by day, with a double staff of operatives. lVhen he left this mill, in 1880, it had doubled its machinery, and its shares had advanced to five times their price in 1862. lXIeanWhile, in 1876, hir. Salton- stall accepted the additional charge of the well-known Atlantic hfill, at 32