REPORT OF THE PRESIDENT 



OF THE 



CARNEGIE INSTITUTION OF WASHINGTON. 



In conformity with Article IV, section 2, of the By-Laws of 

 the Carnegie Institution of Washington, the President has the 

 honor to submit the following report on the work of the Institution 

 for the fiscal year ending October 31, 1921, along with provisional 

 recommendation of appropriations for the ensuing year. 



This report marks completion of the twentieth year of 

 organized research conducted by the Institution. The original 

 aim of the Founder was to give encouragement 

 AnSverstry. ^^^ support to investigations or to constructive 



thought in any department of science, litera- 

 ture, or art. It is gratifying to make record of the fact 

 that at the end of this second decade the function of research 

 as an activity indispensable to civilization and as a necessary 

 prerequisite of progress seems to have come into fuller recog- 

 nition than at any previous time in history. Industrial and 

 governmental agencies, as well as academic interests, have given 

 to fundamental investigation a high place in the list of elements 

 essential for advance. To-day one may say with confidence 

 that no investment of funds or of personal effort can find a work 

 of greater dignity and worth, or one which offers a future giving 

 clearer evidence of abundant and continuing reward, than 

 is open in the field of research. This was the vision of the 

 Founder, and its realization will continue in growing measure 

 as the complex problems of future years require added emphasis 

 upon constructive thought. 



It is with sincere sorrow that record is made 



emoriam. ^^ ^^^ death of Edward Douglass White, Chief 



Justice of the Supreme Court of the United States. Mr, Justice 



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