I should feel some hesitancy in speaking to this Association from the two points of view, of relation with the book trade and of relation with the library interests; _i.e._, of speaking as the editor of the _Publishers' Weekly_ and as the editor of the _Library Journal_, but for the fact that I believe the interests to be one. I may, however, make the personal explanation that while it seems to me that a journalist cannot write that in which he does not believe, on the other hand, a journalist who is responsible for the conduct of a representative journal cannot interpolate his own opinion to the exclusion of the opinion of the class whom he is supposed to represent; for that reason I have taken the position in my own office that in case the library interests should come in conflict with the publishing interests, I will give over that particular subject to some librarian, who, using the editorial columns of the _Library Journal_, will represent distinctively, free from any interest in the book trade, the views of the Library Association and of the library interests at large. I take this opportunity to say that in case the opinion of this Association is adverse to the plan which I have been outlining, the _Library Journal_ will take that course in presenting fairly and fully the views of the profession. When the whole question is threshed out; when such a committee has discussed, perhaps with the publishers' association itself, whether there should not be a somewhat greater discount to the librarian, to equalize the old rates; when such a committee expostulates with individual publishers against an abuse of this plan, I believe that the result will be, on the whole, to promote the wide and useful dissemination of books, and I trust that any action which is taken, if action should be taken by the Association or by its Council, will be in view of the wider co-operation in which these two interests should work. Let me remind you that the bookseller cannot live without earning his living any more than the librarian, and it is not quite fair perhaps for those of us who are protected by salaries to impeach the fair living which the bookseller earns in another way. The book store should exist in every community, alongside the library. We know as a matter of fact that even our large cities, certainly our small cities, even more our towns, are very ill equipped with book stores; that in many places they are notable for their absence rather than for their presence. This element of active work in the distribution of books should, I believe, come back more to our American life. It cannot come back, apparently, under present conditions, and any movement, it seems to me, should have the helping hand of the A. L. A. that tends to put the American bookseller on a plane with the librarian as an agent for the dissemination of the best books at the least cost to the most people, and I emphasize "at the least cost," meaning the least cost at which the