Part 2 - The Institute Libraries - Institute for Advanced Study

The point made by Professor Veblen which impressed him most
was the extent to whcch some of the professors appeared to
be ignorant of what the Institute was doing. When it was
hecessary so restrict the budget last year, for instance,
the questions asked by the professors indicated less famili-
arity with the Institute and its problems than he had thought
possible. It was his hope that the completion of Fuld Hall
... and the gathering of all of the professors under one roof
... would remedy this situation. Under these circlrmstances,
he ... w88ld not be in favor of disturbing the existing situ-
ation.
Mr. Bardin and Mr. Maass agreed with the last statement of Professor Rief-
ler; when the faculties bere gathered together, the problem would dis- t-
appear.
That the Director was deeply troubled by the actual debate was
skown by ?is closing -fn which he said he
had no objection to the faculty's meeting whenever it
pleased, but that in his opinion, any regular machinery
... would annoy the most productive and fertile minds...
and tend to increase the influence of those vho were intellectually
less iaportant....He had no desire to participate,
just as he did not attend the meetings of those
corposing the several schools beca~se he did not wish.,.
to interfere with the utmost freedom of expression.
Therefore, should the faculty choose to meet, he would
not attend unless. ..for some such specific object as Dr.
Sabin had specif iedma7
This discussion was ended, but the issue was now farmed.
Mr. Leidesdorf was absent, but his report shoved that due to
falling inc-, a deficit of approximately $6,000 was incurred during
the first six months of the year, which would remain at year's end. Mr.
Hardin noted thatthe market value of investments was $7.9 million. The
minutes then recite:
At the meting held October TO, 1938, it was suggested
that the Institute should publish.once a year a financial
statement. After discussion, on motion, it was
RESOLVED, That a sumarized financial statement
be published in the annual Bulletin of the Institute.