In the introduction to the first paper in the series of four entitled “On Rings of Operators”, Murray and von Neumann list two reasons why they are dissatisfied with the separable Hilbert space formulation of quantum mechanics. One has to do with a property of the trace operation, which is the operation appearing in the definition of the probabilities for measurement results (the Born rule), and the other with domain problems that arise for unbounded observable operators. The trace of the identi