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.
This article was originally published with the title "Astor Library" in Scientific American 8, 29, 232 (April 1853)