Literature, Modern -- 19th century -- Periodicals; Science -- Periodicals
than one vote, nor could a part of a subscription-right entitle the
holder to any privileges. By 1772 the Society had increased to such an
extent that it was thought best to incorporate it, and a charter was
secured from the crown. In its preamble seven "esquires," two
"merchants," two "gentlemen," and one "physician" appear as petitioners,
and fifty-six gentlemen, with one lady, Mrs. Anne Waddel, are named
members of the corporation. The style of the latter was changed to the
"New York Society Library," and the usual corporate privileges were
granted, including the right to purchase and hold real estate of the
yearly value of one thousand pounds sterling. The Society is practically
working under this charter to-day, the legislature of New York having
confirmed it in 1789. The earliest printed catalogue known to be in
existence was issued about 1758: it gives the titles of nine hundred and
twenty-two volumes, with a list of members, one hundred and eighteen in
all. A second catalogue followed in 1761. During the Revolution many of
the volumes were scattered or destroyed. The first catalogue printed
after the war enumerates five thousand volumes; these had increased in
1813 to thirteen thousand, in 1838 to twenty-five thousand, and the
present number is estimated at seventy-five thousand. Down to 1795 the
library was housed in the City Hall, and during the sessions of Congress
was used by that body as a Congressional Library. Its first building was
erected in 1795, in Nassau Street, opposite the Middle Dutch Church,
and here the library remained until 1836, when, its premises becoming in
demand for business purposes, it was sold, and the Society purchased a
lot on the corner of Broadway and Leonard Street. A building was
completed on this lot in 1840, and the library removed thither from the
rooms of the Mechanics' Society in Chambers Street, where it had been
placed on the sale of its property in 1836. In 1853 a third removal was
made, to the Bible House, its property on Broadway being again swallowed
up by the advancing tide of business. In the same year its present
property on University Place was purchased, on which, two years later,
in 1855, the commodious building which it now occupies was erected, the
Society taking possession in May, 1856. Many features of the Society
Library are unique, to be met with, perhaps, in no other organization of
the kind in the world. Many of its members hold shares that have
descended to them from father to son from the time of the first
founders. The annual dues are placed at such a figure (ten dollars) as
practically to debar people with slender purses. The scholar, however,
may have the range of its treasures on paying a fee of twenty-five
cents, and the stranger may enjoy the use of the library for one month
on being introduced by a member. The market value of a share is now one
hundred and fifty dollars, with the annual dues of ten dollars commuted,
Public-domain text, read in full here on John Shaqi.
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