Herbert L. Malcolm, another Yale graduate, took over leadership of the school in 1921 and served as headmaster until 1925. The school had for years enjoyed a close relationship with the Lake Placid Club, which had been founded by Melvil Dewey, creator of the Dewey Decimal System, in 1895. Many of the students’ families were members of the club and the school utilized club grounds and buildings. In 1925, the Lake Placid Club Education Foundation took over formal control of the school.