Part 1 - The Institute Libraries - Institute for Advanced Study

it right be decided that schools in literature, msic ox science could
be added, if money and men were available. But he favored a conserva-
tive course, preferring a surplus to a deficit. This would enable the
- Institute to pursue a policy: .
analogous to that of the ~ oll&e ck France, ttiz., to take edvantage
of surprises by creating from time to time a chair
for z new subject or an unexpected person, By the same token,
since the Institute is not concerned with subjects or degrees
in the ordinary sense, chairs that have serr*ed their purpose
czn be dfscontinued. In these respects the stimleting fnf
luence of the ~oll&e de France ks proved of incalculable
value. It has pioneered in every direction....
Under such circumstances, growth will be slm and unsymm=trical,
as it should be;. ..we skll lezn-t much from experience --
rmtch that will be helpful in reshaping such schools as re
stizrt, mch that will be useful in shaping others...ff the
Institute is unsymnetrical, It can the more readfly rmain
elsstic and highly vitalized,
It vould not be easy to gather a group of scholars, but proper
conditions would, he believed, attract some Anerican scholars, and would
certainly bring distinguished foreigners for varying perfods. Salaries
nust be generous enough to afford gracious living, and a contributory
insurance system should remove the feax of retirement without enough to
live on. Rts idea of salary standards was given substance when he im-
plied that there should be no difference between his am liberal c qn-
sation and that of the pemnent faculty, while myounger men, still on
trial, may be decently rewarded without danger, pxovided their termts of
service are definitely limited." So critical was this matter, he said,
that "we shall open a new era in education, if our salaries indicate
that, whatever his iqortance, not the edmfnistrator, but the faculty,
creates a university," However, in return for such semneration, pro-
fessors rrarst give their full time to their work at the fnstitute. Onfy