The John Crerar Library : First Annual Report, for the Year, 1895 (Classic Reprint). Unknown Author
Excerpt from The John Crerar Library: First Annual Report, for the Year, 1895
The result of the joint action and labors of the respective trustees of the estates of Walter L. Newberry and John Crerar was the draft and subsequent enactment of a bill by the legislature of Illinois, entitled 14 "An act to encourage and promote the establishment of free public libraries in cities, villages, and towns in this state. Approved June 17, 1891" under which law this corporation is organized.
The directors specifically named in the will of Mr. Crerar were first assembled at the residence of Mr. Marshall Field on the twenty-third day of November, 1894, at the request of the Trustees of the Estate of John Crerar. A report was made by the Trustees to the Directors, and action was taken thereupon at the meeting, resulting in the first regular meeting of the Board of Directors held January 2, 1895, at which a complete organization was effected.
The work of the first year of the library has been one of organization, and the consideration of different plans involving the character and scope of the library, the creation of by-laws, and the election of officers and committees. It has been determined as the permanent financial policy of the library that its annual expenditures shall not exceed the annual income and the accumulation thereof, and that such policy can be changed only by a vote of two thirds of the members of the Board of Directors.
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