“Aluminium, however, will not stop at downing copper. Before many years have passed it will be engaged in a fierce struggle with iron, and in the latter it will find an adversary not easy to conquer. The issue of the contest will largely depend on whether iron shall be indispensable in electric machinery. This the future alone can decide. The magnetism as exhibited in iron is an isolated phenomenon in nature. What it is that makes this metal behave so radically different from all other materials in this respect has not yet been ascertained, though many theories have been suggested. As regards magnetism, the molecules of the various bodies behave like hollow beams partly filled with a heavy fluid and balanced in the middle in the manner of a see-saw. Evidently some disturbing influence exists in nature which causes each molecule, like such a beam, to tilt either one or the other way. If the molecules are tilted one way, the body is magnetic; if they are tilted the other way, the body is non-magnetic; but both positions are stable, as they would be in the case of the hollow beam, owing to the rush of the fluid to the lower end. Now, the wonderful thing is that the molecules of all known bodies went one way, while those of iron went the other way. This metal, it would seem, has an origin entirely different from that of the rest of the globe. It is highly improbable that we shall discover some other and cheaper material which will equal or surpass iron in magnetic qualities.”

The Problem of Increasing Human Energy (1900)