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In the Autumn of 1918 a member of the Budapest Psycho-Analytical Society informed me that a Fund had been set aside for cultural purposes from the profits made by industrial undertakings during the war. The decision as to its use lay jointly with himself and the Chief Burgermaster of the city of Budapest, Dr. Stephan Bárczy. They had agreed to devote the considerable sum of money concerned to the purposes of the psychoanalytic movement and to hand over its administration to me. I accepted this commission, and I now fulfil my duty of offering public thanks to the Chief Burgermaster (who soon afterwards received the Psycho-Analytical Congress in Budapest with so much honour) as well as to the anonymous member who has performed such a high service to the cause of psycho-analysis.2
The Fund thus placed at my disposal, which was given my name, was allotted by me to the foundation of an international psycho-analytic publishing business [the ‘Internationaler Psycho-analytischer Verlag’;]. I considered that in the present circumstances this was our most important need.
Unlike many other scientific undertakings, our two periodical publications, the Internationale Zeitschrift für ärztliche Psychoanalyse and Imago, did not come to an end during the war. We succeeded in keeping them in existence, but in consequence of the increasing difficulties, closing of frontiers and rise in prices which accompanied the war, it became necessary to reduce them considerably in size and to allow undesirably long intervals to elapse between the publication of successive issues. Of the four editors of the two journals (Ferenczi, Jones, Rank and Sachs) one, being a subject of an enemy State, was cut off from