The Institute of Advanced Study opened its first academic year in Princeton last Monday with an entire lack of ceremony. The institute, which has no organic connection with Princeton, is being loaned the facilities of Fine Hall, the University's mathematics building IN this building the faculty and students of the school of mathematics, the first unit of the institute to be organized, will associate with Princeton mathematicians. 

Albert Einstein, a member of the faculty of the institute, will not reach Princeton until the middle of this month, but Oswald Veblen, James W. Alexander ‘10 and John von Neumann are already on the ground. 
The institute was founded in 1930 by Louis Bamberger and his sister Mrs. Felix Fuld, with an initial endowment of $5,000,000. Dr Abraham Flexner is director.