Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-11-20
LARGE GIFTS TO LIBRARIES.
sien Who Dave Mado Them and tho Sum,
They Gave.

New York Public Library.-Astor
| Foundation--.John Jacob Aston, $780,
600; William u. Aston, upward of $780,
900; John Jacob Astor, 100000. The
| valuc OF the totul endowment of the
Aston library on December 81. 1894.
WINS S2.i05,STi.S7. Lenox Foundation
MIR. James Lenox's gifts TO the LeDox
library from 1870 TO 1880 (thc year OF
his death) were. in 1870. 100000; 1871.
| $l0O.0OO: 1872. 100000; 1874. Sl3O.000;
1878. $4,000: lSI6. $4,000; total, $685.
coo, besides books. works of art, etc.
and ten lots for the library's site. The
value of all these gifts has consider
IDLY incrcnsed-especially that of the
real estate. Tilden Foundation-The
amount already handed over by the
Tilden estate to the New York public
library Is something over S2.00O.COO.
The total amount the library is expect
cd to realize from this source is set mt
$2,125.0OO.
by the will Of the late John Crerar.
the John Crcrar library of Chicago was
made his residuary lcgatee. but with
provision that the executors Of the cs-
tate should use their discretion as to
the time of the payment of this he
quest. Under this will the directors of
the John Crerar library have received
from the trustees and executors of the
estate the sum of 81 1911 and they
have been informed that the trustees
still hold for the library property of an
estimated value of $S63,0G0. This would
make the total amount Of Mr.. Crerar's
bequest s2.7l4.10l.
The bequest of Mr.. Walter l.. New
berry to the Newberry library OF Chi
cago was one-hnif of his estate, which.
Mt the time the bequest became avail
nble and was set apart for the library.
was valued in round numbers ut S5.0U0.-
600. thereby making the endowment
to the library s2,500,ooo.
The gifts made by Mr.. Carnegie to the
library in Pittsburgh, Pn., bearing his
name are 100000 for the erection of
the main building. 100000 for the
erection of branch buildings. and IN en-
dowment OF 100000 for the main
tenance of the art gallery and museum
n total of S2,1OO.0OO. Altogether Mr..
Carnegie has within the last few years
given more than $4,000, 600 to the cause
of public education in it's wider sense
for the libraries erected by him almost
Invariably nrc devoted to music, art
and science us well. The principal of
these are Mt Allegheny (S3OO,O00) Home
stead (S4OO,0Oo), Draddock and Johns
town, Pa; Fairfield, Ia. and Edln-
burgh, Ayr and Dumferline. Scotland.
Mr. Enoch Pratt offered the city of
Baltimore on January 81. 1882. a library
building, costing about S250.O0O. and an
endowment of $3.50, 333.33, on condition
that the city create n perpetual annuity
Of $4,000, payable 70 u board of trus-
tees, named in tho first instance by Mr..
Pratt and having the right to fiji vacan-
cies in their own number. This offer
WINS accepted and the library founded.
The property bequeathed by DR.. Rush
for the establishment aud support, of
the Library Company OF Philadelphia
amounted to about $1.00o.0oO.
The endowment which Mr.. Mortimer
Fabricius Reynolds made for the Rcy-
nelds library of Rochester consisted of
real estate. which is valued at present
as being worth certainly over $500, 900.
and probably 100000.
Mr.. Leonard Case gave during his life
to the Case Hbrnry Of Cleveland $780,
060 in government bonds. besides small
CT sums from time to time, amounting
in all to. say. $4,000. In 1876 he gave
real estate, then valued nominnlly ut
100000, but now worth 100000. The
total value of the endowment of the
Case library is now estimated Mt $780,
600.
The Minneapolis public library was
built, and Is Mt present sustained, for
the most part, from the product of
taxes. OF the original cost Of the
building (s36o,oO0). however, about
$4,000 came from private sub
scriptions. usually of $1,000 each.
Moreover, there Is combined with the
library, for the term of 90 years. pro-
prietary institution, the Minneapolis
Athenneum. which hns funds amount
ing to 100000. This property WINS the
gift of certain DIR. Kirby Spencer. II
citizen who died about 1860, bequeath-
Ing his estate in this way. At the time
of his death, the property. which was
i'll real estate, was far less valuable
than now. 1t yields n varying income,
sometimes above, sometimes q little be-
low, $4,000 n year. This sum is used
to supplement the funds derived from
taxes, amounting during the present
year to about $4,000.
The executors received in 1881. under
the will of Judge Forbes. of Northnmp-
ton. Mass. s252,26o. The money was
suffered to accumulate for ten years,
In accordance with provision of the
WI and n vote of the tcwn. In 1894
the executors delivered to the trustees
appointed by the city building and
lot which Ind cost S12s,9o4, 1880 of
other non-productive property, and
funds amounting to S355,565. This Is
the real endowment. of the library, and
not the amount originally received.
MT. George Peabody endowed the
Peabody Institute of Baltimore with
Si,240.c00, but as the Peabody institute,
besides library, includes n conserva-
tory OF music. an art gallery and
course Of lectures. and all of these are
IN part or wholly supported from the
income nj fhiq an1n,rx1ao4 "a