Part 1 - The Institute Libraries - Institute for Advanced Study

connection with the Institute that Dr. Flexner was awaiting a decision
from Mr. Stewart, for whom he had had a great respect at Amherst. But
he had not been close to Stewart after Stewart left the Federal Reserve
Board in 1926; he was quite unprepared for the subtle negativism of the
older man and its effect on the Director. who had fallen under the spell
of Stewart's cham from their first meeting. He was also unprepared,
as was Flexner, for the stony silence which greeted the Director as he
approached his former colleagues at the Rockefeller Foundation for grants
to fi~nce eminently worthwhile researches of the kind and with the
prospects the Foundation rarely or never before had the opportunity to
aid -- proposals deemed to be so valuable that they were taken over by
an egency heavily supported by the Foundation and served up in fragments.