Medicine: Commonwealth Report

In 1918, Mrs. Stephen Vanderburg Harkness of Manhattan set aside $10,000,000 "to do something for the welfare of mankind." This money was used to launch the Commonwealth Fund. By 1926, when she died, she had left $38,000,000 to the Fund. It is managed by Mrs. Harkness' serious-minded son Edward, who is one of the few men in this world who lie awake nights worrying about how to spend their money. The original endowment has now grown to almost $50,000,000. In 1939, according to Mr. Harkness' latest report, published last week, the Fund spent almost $2,000,000 on U. S. research and public...

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