In 1950 Smith received a Guggenheim grant to complete an abstract film. This enabled him first to visit and later move to New York City. He arranged for his collections, including his records, to be shipped to the East Coast. He said that "one reason he moved to New York was to study the Cabala. And, 'I wanted to hear Thelonious Monk play'." When his grant money ran out, he brought what he termed "the cream of the crop" of his record collection to Moe Asch, president of Folkways Records, with the idea of selling it. Instead, Asch proposed that the 27-year-old Smith use the material to edit a multi-volume anthology of American folk music in long playing format – then a newly developed, cutting edge medium – and he provided space and equipment in his office for Smith to work in. The recording engineer on the project was Péter Bartók, son of the renowned composer and folklorist.