Part 1 - The Institute Libraries - Institute for Advanced Study

Vice-himn was provided for,
The Board at its first meting elected the follcming officers:
Mr. Louis Bamberger, President
Mrs. Felix Fuld, Vlce-President
Mr. Aydelotte, Secretary
Mr. Leidesdorf, Treasurer
Mr. Alanson B. Roughton, Chaifl~n
Mrs. Esther Bailey, Assistant Secretary
Hr, Abrzhm Flexner, ~krecto&
It authorized the. President to rent a saall suite of off ices
at 100 East 42nd Street, and, with the approval of the President, gave
the Director authorzty to procure needed supplies.
The Director wss to take up his duties f omlly on t h 1st of
December. Yenwhile he suggested certsin appointments to the Executive
Cornittee to Mr. Bamberger, who declined to be persuaded that he and his
sister should be merbers ex offlcla, and that Messrs. Wardin, Leidesdorf,
Aydelotte znd Miss Sabin would represent a proper scademic-lay balance
and could probably muster a quo- at any t i u ~ . Mr. ~ ~ Eamberger was
Chairman, and appointed Governor khan in place of Miss Sabin, Since
the Governor.could not leave Albany often enough to attend Board or
camittee meetings, it maant that the Comnittee was always one short.
Shortly after fhe Organisetfon meeting, the donors me& their
first deposit toward the initial end-nt, completing it in January,
1932. The data are as f 011~8:
....
November 19, 1930
10,000 shares key & Company c m n @ $107 $1,070,000.00
July 1, 1931
1,000 shares L. Bamberger 6: Corpany &Z pfd.@$103, $ 103,000.00
500 shares National Essex end Newark Banking Co.
capital stock @ $260 ............ 130,000.00
VarEous bonds at market with accrued interest. .. 1,312,417.06
51,545,417.06