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The Thompson bequest, equivalent to $54 million in 1993 dollars,

Present value was calculated using an official GDP price deflator (U.S. Bureau of Economic Analysis, 1994, pp. 104-107). Financial data were compiled from the Society’s annual reports. Appendix C presents these data in tabular format, and Appendix D summarizes key assumptions made to keep the data comparable over time.
gave the Society financial breathing room for the first time in its history. More than one-third of the bequest—$1.7 million—was used to renovate the central building, build two new wings, and construct a fifteen-tier bookstack at the rear of the build­ing. The remainder of the funds was placed in permanent endowment. Moreover, the completion of the building, which was closed for nearly two years, from May 1, 1937, to March 29, 1939, gave the Society's leadership time to reflect on its mission and policies. What resulted were several steps taken to professionalize the management of the institution.

One area that was badly in need of improvement was the cataloging, shelv­ing, and classification of library collections. As was mentioned previously, the Society's cataloging and shelving had been inadequate even in the Second Avenue building. There had been little improvement since that time. When the library moved to the new building in 1908, books were shelved using the same system. In fact, "the card catalog, primarily accessible by author, was the same one instituted ... in 1859."

Richards (1984, p. 87).
The renovation of the central building and the reinstallation of the collections provided an opportunity for modernization.

In 1940, the Society adopted the Library of Congress classification system for new acquisitions and started a new card catalog that followed American Library Association rules. Though this step was an improvement, it created another prob­lem: there were now two card catalogs, one for acquisitions made prior to 1940 and one for acquisitions made after that year. This dual system, along with the Society's backlog of uncataloged items, made it very difficult for users (and librarians) to access, much less comprehend, what items were in the collection. The fact that during the reshelving process, library management "discovered" a number of rare books for which there had been no records at the Society exem­plifies this problem and makes one wonder whether similar discoveries might still be made at the Society.

Reorganization took place at a higher level as well. For its entire 122-year his­tory, the Society had been a membership organization with an executive com­mittee responsible for conducting its affairs. Participation by the membership had dwindled over the years, to the point that few members attended the meetings, and election of the Society's officers was effectively done by proxy. Given these circumstances, and the substantial endowment generated by the Thompson bequest, it was decided that the Society ought to update its governance structure to put it on par with its peer organizations.

Questions & Answers

anyone know any internet site where one can find nanotechnology papers?
Damian Reply
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
for teaching engĺish at school how nano technology help us
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
types of nano material
abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
many many of nanotubes
what is the k.e before it land
what is the function of carbon nanotubes?
I'm interested in nanotube
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, The new-york historical society: lessons from one nonprofit's long struggle for survival. OpenStax CNX. Mar 28, 2008 Download for free at http://cnx.org/content/col10518/1.1
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