begins experimental work. Most of the troubles of the industries have a chemical origin. Most of the Institute’s researches are therefore in the closely related provinces of chemistry and chemical engineering; but the solution of many problems requires the cooperative efforts of the chemist and the physicist or the biologist. Following the approval of the executive staff to a definite program of research, the experimental stage is entered. It embraces laboratory work and contact with the donor through regular progress reports and necessary conferences. The developmental stage, which follows the laboratory or experimental investigation, includes the working out of processes or the preparation of produets on first a unit-plant scale and then in the donor's factory. It is essentially chemical engineering in character, and stress is placed on those chemical and physical facts that are of direct economic interest. A process may be carried out on a laboratory scale with entire success; but just as soon as it is put in operation under semi-commercial conditions, or on an industrial plant scale, it may fail through inadvertent neglect of engineering *actors. Hence plant-size investigations, involving considerable financial outlay, are often necessary in industrial research. Research at the Institute is not of the individual type, carried out for the personal gratification and advancement of scholarship of the industrial fellows. It is institutional in that it is conducted by scientists, working independently or ‘'n varying measure of cooperation, as members of an organ- ‘zed agency, designed to serve industry. The effort is made to administer the Industrial Fellowships in such a way as to snable their holders to put forth their best efforts. The renewal of many industrial fellowships, year after year, attests to their productivity and to the confidence that ‘heir donors have in the Institute. It is of interest to mention aere that the incumbents of the larger and older industrial fellowships are recognized generally as specialists in the particular branches of technology in which they are conduct- ‘ng investigations. The United States Department of Commerce has ex- pressed the opinion that ‘among constructive activities of trade associations none is more fitting nor more profitable