I I 1 HistorfoaZly the FLuid Resaarch Fund would appew to OCCU~J` B transit;imwl poaition between the tiae lr'wn the Paun&tionCs intereats were largely in terms of te&cl-.ni: institilthns a8 such, ad the Iatw de- valapmants of our eaphaeis upon defined fields of r tmreh. The order of objscstivcla was (1) clPilrsutivceaarrrs bf institutione An`' for bathing with.* out regard to researah .. (2) mpport of my good research work in institu- tiona A&& witbout mgmd to teaching aubgect I: without rsgsrd ta hstitutions. The Fluid Hersewoh Fund W&B launohed in the intermediate period (2) gad reapresented in many inehces what W~B needed .to get thas reU-tmined psrsannel of rsorganised fsdtiss actually at reeearch ~~rk - previoua expenditures of the GEB and Id? having been used Crj secure their rdmies and/or provide adequate laboratories for th?m (of bobeater, V~~l~~bflt, Urygon, sttc.) a (3) support of research work in The advantages of this Porn of Lnzpgort to reswah mrk are nuater- oum came ft is oonasdbd that gwd reaearch work a8 a univedty activity de- servets stidation end auppmt regardless of arht mbject is investigated. The advabger of aa Fluid Rsaaarch hntl we: 1, It `wilds up and $t.Wlises the habit rurd desire in a foculty to do research tvork. rbesasch must exist or be provided a8 on9 of the e6seritid ex- penditures of the university. This my go on to &~n insistence that funds far 2, It sharpms tha arftiobf. judpeat mci ditwsiminatioa of jxofessors ~fnd the unioartsfty sclainiatration since St ropeateidly pass the queation of relative merit or probable excellence of performance ia research of a number of applIcs.bts* 8. 1% is e marked rtian;llus to the effort and self-respect of the re- e$picsnt8 who fed that their peer8 or profeeaional oo~losguer8 find them wortw of coafidenes, 4. Zt has met what is ett once the most constant mod and the moet probable 80wce of individud end iustittlt2,onaf pride, md is aonsequently a Foundatton gativity never likely to be crl ticisad by the recipients in complete detachment of spirit. 5. It w33uld 5e th universal teatimorry thst nuid Research Funds have been adninlstered with dl notrsb3.e economy of the to Founda- tion offfcera end a Ugh d.eSree of supwvis€m ?nc: control locallyo 6. Rfth the prlnciprtl critprisn iQ th? lxnl c3mitteest d.ni! being daonstrable excellence of perf ormaace) the Fltrid Research Fund is better as an institxtionsl su;8yxt than AS e tool for t.he ad- vmce of' any particular field. It would meet the greataect insti- tutr€oncc..l nseds in the U,S, in the ycar*r 2934.-ES almost regardleas of wbt faculty is involved, The disadvantages of the Fluid Research hnd as given by the RB are: 1. 2. 5, 40 5. Urable as the taper syratxm ie in t,imes of prosperity the pre- sent. cixumstmcea in Bmericsn aniverEiti,?s remove the ~ossibility tbt tapering fluid research funds will be in most instances taken up by O~~AW suppsi-ters t&n the W. With awards given locally insteed of I,? i.he &itAm~l Research bun- cU or 80we extrar+-univar.dty group, there is danger of insularity of judgment unci persond i3.ues interfvfng in the ss2wtf-m of re- cipleats. univereitj politics if any suck arrangoaent mere tried in their in- sti%utionPr by the Rockefeller Foundation. lbropean scientists have exyrerssed fears of cliques and Fluid Research Funds are better considered aLs possible objedtar for en4owment since sucln funds should be in the hands of the best univer- si ties. They are too wide in application to te of particular value, horever, In special nrogrms, 2nd BTW in n sense inconsistsnt with hiski3.y con- centrated prograa, ESrpesiencs shows that existence of Fluid Research does not preclude 'requ8ats for mecia1 funds.