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It is assumed in many circles that American university libraries are tremendously rich in books and also in dollars. There are to be sure at least twenty today with holdings of well over a million volumes each, and at least twenty‐five have been able recently to acquire additional books at a rate of 40,000 or more volumes each year. Moreover, there are a fair number of American universities. The figures I give you are from the annual official statistics of the Association of College and Research Libraries, which records information for 110 major universities.

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