The Committee on Research in Economic History was established in 1940, more than a generation ago. Most of those who were active in its creation and administration have died or retired from active academic life; and surely a fresh direction of internal evolution has altered, at least in important ways, the objectives of the discipline. Accordingly, it appears appropriate to set down here an account of what were the hopes and intentions of those especially active in its initiation and early planning, and to record its more obvious achievements. Members of ensuing generations will have time in their later lives to pass judgment on the intellectual value of this particular effort at academic improvement and intellectual growth. Indeed, I propose to close my survey with the transmogrification of the Committee into the Council—an event of the mid-1950's, at a point in time already far enough removed to offer a considerable perspective.