The New York Old Guard returned home to organize the Committee for the Preservation of the Socialist Party, raising funds, selecting a "Provisional Executive Committee," building a mailing list, and maintaining an office in New York City. Headed by former New York State Assemblyman Louis Waldman, the Old Guard also took steps to lock up the ownership and funds of various party-affiliated institutions, including "The Jewish Daily Forward," the English weekly "The New Leader," and the Rand School of Social Science.