The donor, on his part, provides a foundation sum that is 
adequate to cover the annual cost of maintenance of the 
industrial fellowship, comprising operating charges, the 
purchase of all necessary special apparatus or other equip- 
ment and the salary of the research man or men selected to 
work on the particular problem, the solution of which is of 
concern to the donor. This sum of money is approximately 
$6000 for each research man needed on the fellowship. 
The Institute, in due order, selects the industrial fellow. 
and the investigation to be carried out is entrusted to this 
qualified man, who devotes his entire time to it. 
The Institute furnishes laboratory, library, and consulta- 
tive facilities, the use of its permanent research equipment, 
direction to the progress of the work, and an environment that 
stimulates productive investigation. All results obtained by 
the industrial fellowship are the property of its donor. Each 
industrial fellowship is a case of trust and is operated in strict 
accordance with the terms of the agreement governing its 
operation. Information pertaining to its subject matter and 
progress is not released to the public unless the donor’ so 
desires. 
Cooperation is a large factor in the success of the Insti- 
tute. Teamwork and high creative ability go together—an 
idea that was made vital by Dr. Duncan and is now a valued 
heritage of the Institute. The system of the Institute en- 
ables a manufacturer to obtain results in a shorter period of 
time and at less cost than is ordinarily possible. The co- 
operative and research facilities of the Institute hasten 
results. 
There are three definite stages of industrial fellowship 
work, namely: preparatory, experimental. and develop- 
mental, 
The preparatory stage includes a critical study of the 
literature of the subject, preliminary conferences with the 
donor, and visits to his plant, in order to familiarize the 
industrial fellow and the executive staff with the problem in 
all its aspects. Each incumbent of an industrial fellowship, 
who is getting ready to undertake a piece of research, submits 
a report on his plans for investigation and on what has been 
found én the subject in the literature before he actually