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In the 1947 annual report, the librarian wrote that the library needed to hire a dozen catalogers, and Vail pointed out that "the circumstances of history have left us with amazingly rich resources but without adequate funds for their prepa­ration and processing. Most of the library still lacks adequate cataloguing." Sig­naling the importance of cataloging to the Society's long-term success, Vail hired additional catalogers in the library even as five staff positions elsewhere in the Society were eliminated. Vail wrote: "Since it is the chief function of the Society to give aid to American historical students and writers through our library, that department has been somewhat enlarged so that we may provide better Reading Room service and begin the task of processing our century-old backlog of uncatalogued books."

As the Society entered the 1950s, it was emerging from a difficult period in which its aspirations had begun to exceed its financial resources. Its already diffi­cult mandate to operate both a library and a museum was exacerbated by pres­sures to provide educational programming to the public. Committed to avoiding operating deficits, the Society held down salaries and even laid off some em­ployees. The financial squeeze strained what management regarded as its core mission and forced the Society to make difficult strategic decisions. Cuts were made in some areas to divert resources to more important initiatives. What remained to be seen was whether these decisions were part of a fundamental strategic change— a reframing of the Society's goals, objectives, and mission—or merely isolated reactions to the specific problems of a particular time.

Golden years, 1950-1960

It would not take long for the answer to become clear. Just when the Society was being forced to narrow its programmatic focus, relief came on the revenue side from the extraordinary performance of the financial markets. Beginning in 1949, the stock market offered tremendous returns for investors. Over the period from 1949 to 1958, the average annual compound rate of return for stocks was 17.9 percent. Out of those ten years, there were only three years when the total real return averaged less than 10 percent: 1953, 1956, and 1957 (see Table 3.1). On the plus side, there were some truly remarkable years: 1954, 1955, and 1958.

Kennedy and Schneider (1994, pp. 19, 29).

It is clear from the annual reports that management's mood mirrored the per­formance of the market. During the difficult period of the late 1940s, stock mar­ket returns were poor. By 1952, after four years of annual returns in the markets that averaged nearly 20 percent, the worries and concerns of the late 1940s had disappeared. In his 1952 report to the board, Vail wrote, "We are proud that an ever-growing clientele comes to us for the aid our trained staff can supply from our rich historical treasures. . . . Our affairs are in good order and each year we are better able to bring a knowledge of America's history, aims and ideals to our people and especially to those new citizens who want so much to understand their adopted country and their new loyalties and responsibilities." In addition to the more positive tone prevalent in Vail's statement, note also that management's focus had once again broadened beyond the service of scholars and researchers. The goal of public education had recaptured its place of importance on the Society's agenda. Indeed, despite his earlier statements, Vail wrote in 1953 that "an edu­cational institution such as ours, to be worth its salt, must have a vigorous and growing program of service to the community and to the nation."

Questions & Answers

how do they get the third part x = (32)5/4
kinnecy Reply
can someone help me with some logarithmic and exponential equations.
Jeffrey Reply
sure. what is your question?
ninjadapaul
20/(×-6^2)
Salomon
okay, so you have 6 raised to the power of 2. what is that part of your answer
ninjadapaul
I don't understand what the A with approx sign and the boxed x mean
ninjadapaul
it think it's written 20/(X-6)^2 so it's 20 divided by X-6 squared
Salomon
I'm not sure why it wrote it the other way
Salomon
I got X =-6
Salomon
ok. so take the square root of both sides, now you have plus or minus the square root of 20= x-6
ninjadapaul
oops. ignore that.
ninjadapaul
so you not have an equal sign anywhere in the original equation?
ninjadapaul
Commplementary angles
Idrissa Reply
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Sherica
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Uday
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a perfect square v²+2v+_
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algebra 2 Inequalities:If equation 2 = 0 it is an open set?
Kim Reply
or infinite solutions?
Kim
The answer is neither. The function, 2 = 0 cannot exist. Hence, the function is undefined.
Al
y=10×
Embra Reply
if |A| not equal to 0 and order of A is n prove that adj (adj A = |A|
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rolling four fair dice and getting an even number an all four dice
ramon Reply
Kristine 2*2*2=8
Bridget Reply
Differences Between Laspeyres and Paasche Indices
Emedobi Reply
No. 7x -4y is simplified from 4x + (3y + 3x) -7y
Mary Reply
is it 3×y ?
Joan Reply
J, combine like terms 7x-4y
Bridget Reply
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linda Reply
Need to simplify the expresin. 3/7 (x+y)-1/7 (x-1)=
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. After 3 months on a diet, Lisa had lost 12% of her original weight. She lost 21 pounds. What was Lisa's original weight?
Chris Reply
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Damian Reply
China
Cied
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abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
Porter
many many of nanotubes
Porter
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Yasmin
what is the function of carbon nanotubes?
Cesar
I'm interested in nanotube
Uday
what is nanomaterials​ and their applications of sensors.
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what is nano technology
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what is system testing?
AMJAD
preparation of nanomaterial
Victor Reply
Yes, Nanotechnology has a very fast field of applications and their is always something new to do with it...
Himanshu Reply
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AMJAD
what is system testing
AMJAD
what is the application of nanotechnology?
Stotaw
In this morden time nanotechnology used in many field . 1-Electronics-manufacturad IC ,RAM,MRAM,solar panel etc 2-Helth and Medical-Nanomedicine,Drug Dilivery for cancer treatment etc 3- Atomobile -MEMS, Coating on car etc. and may other field for details you can check at Google
Azam
anybody can imagine what will be happen after 100 years from now in nano tech world
Prasenjit
after 100 year this will be not nanotechnology maybe this technology name will be change . maybe aftet 100 year . we work on electron lable practically about its properties and behaviour by the different instruments
Azam
name doesn't matter , whatever it will be change... I'm taking about effect on circumstances of the microscopic world
Prasenjit
how hard could it be to apply nanotechnology against viral infections such HIV or Ebola?
Damian
silver nanoparticles could handle the job?
Damian
not now but maybe in future only AgNP maybe any other nanomaterials
Azam
Hello
Uday
I'm interested in Nanotube
Uday
this technology will not going on for the long time , so I'm thinking about femtotechnology 10^-15
Prasenjit
can nanotechnology change the direction of the face of the world
Prasenjit Reply
At high concentrations (>0.01 M), the relation between absorptivity coefficient and absorbance is no longer linear. This is due to the electrostatic interactions between the quantum dots in close proximity. If the concentration of the solution is high, another effect that is seen is the scattering of light from the large number of quantum dots. This assumption only works at low concentrations of the analyte. Presence of stray light.
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the Beer law works very well for dilute solutions but fails for very high concentrations. why?
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Source:  OpenStax, The new-york historical society: lessons from one nonprofit's long struggle for survival. OpenStax CNX. Mar 28, 2008 Download for free at http://cnx.org/content/col10518/1.1
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