In comparing this report With the budget, adopted June 6,
1903, one might think that the budget had been almost com
pletely ignored. Such, however, is not the case. The budget
was intended for the fiscal year ending June 15, 1904, and has
served its purpose in directing, with some modifications, the
_ financial policy of the Association. It is not, however, to be ex
pected that a report from March 30, 1903, to March 30, 1904.
would agree with it in every item.
In closing this report I wish to thank publicly the members of
the Finance Committee and other members of the Association, on
whom I have had occasion to call, for the way in which they have
worked.
Books, then, do not exist for their own sake, but for the sake of
the people. But for the art of reading there never would have
been any book. Like readers, like authors. The great need of the
world of letters is the promotion of the habit of reading with
judgment and the love of reading with taste. —Van Dyke.
Anderson, R. E.—Story of Civilization of the West. 1904.
Austin, O. P.—Steps in the Expansion of Our Territory. 1903.
Brendle, A. S.—Brief History of SchaefTcrstown. 1901.
Buell, A. C.—William Penn. 1904.
Clark, W. J. —Commercial Cuba. 1898.
Egerton, FI. E.—Origin and Growth of the English Colonies
and their Systems of Government. 1903.
Emerton, Ephraim.—lntroduction to the Study of the Middle
Ages. 1 goo.
Respectfully submitted,
Jerome J. Morgan, ’O5,
Treasurer . -
LIBRARY NOTES.
New Books.