The funds and property of the institution ape valued at $450,000. The, cost of the building and site $70,000, and the expendi ture for books thus far $75,364. More than 60,000 volumes have been collected, and Dr. Cogswell is now in Europe, authorized to ex pend $25,000 in the purchase of additional works. Commencing with about eighty thousand volumes, free from debt, and having a vested fund oi $180,000, the interesf of which is to be steadily applied to enlarging the collection, this must ultimately become one of the largest libraries in the world.