Part 1 - The Institute Libraries - Institute for Advanced Study

ut his colleagues preferred another lochtion, and Hr, Batrberger accepted
their decision. Time has proved that he wzs right; the building stands
in a declining neighborhood, Mrs. Fuld is credited with bringing to
Newark its first chamber msic ensemble. She herself worked in s m
the local charities, in addition to supporting them financially. Their
generosity was not confined to institutional giving; the story Is that
in periods of financial crisis, Hx. Barherger was known to offer help
quietly and confidentially to wasthy people faced with the loss of their
horres or businesses for lack of liquid assets, L. Bamberger and Canp>any
pfoneered in rzdio broadcasting; Stetion UOR was established atop the
store, owned and operated by a subsidiary corporation of which Edgar S.
Baherger, a nepher, was the first president, 10
Mr. Bamberger did not mrry, a d his sister had rre children.
ihe three lived together in =be Fuld home, built on thirty acres of land
lying on Hewark's border in South and East Orange. When Mr. Fuld died,
he left his interest to his widw and brother-in-law. He had supplied
the driving energy and initiative which such a business demands, and
Louis Bamberger cqlemnted his talents, acting as does a ngoresno~
on a mchine, as his nephew-by-marriage, Hr. Hfchael Sehaap, put it,
Fuld's place could not be filled. Some of the younger relatives work-
ing for the firm bitterly resented the sale of the business, about vbich
they were not consulted In advance, Mr, Edgar Bamberger uaa one of
these. 11
Agxeement on the terms was reached in the offices of khnwn
Brothers, Bankers,late in June, 1929. Mr. Maass, who repxesented the
purchasers, handwrote the terms, which were thereupon signed. Macy's
of