bliſhment of a public library was an important event. This was firſt ſet on foot by Franklin, about the year 1731. Fifty perſons ſubſcribed forty ſhillings each, and agreed to pay ten ſhillings annually. The number encreaſed; and in 1742, the company was incorporated by the name of "The Library Company of Philadelphia." Several other companies were formed in this city in imitation of it. Theſe were at length united with the library company of Philadelphia, which thus received a conſiderable acceſſion of books and property. It now contains about eight thouſand volumes on all ſubjects, a philoſophical apparatus, and a good beginning towards a collectition of natural and artificial curioſities, beſides landed property of conſiderable value. The company have lately built an elegant houſe in Fifth-ſtreet, in the front of which will be erected a marble ſtatue of their founder, Benjamin Franklin.
This inſtitution was greatly encouraged by the friends of literature in America and in Great Britain. The Penn family diſtinguiſhed themſelves by their donations. Amongſt the earlieſt friends of this inſtitution muſt be mentioned the late Peter Collinſon, the friend and correſpondent of Dr. Franklin. He not only made conſiderable preſents himſelf, and obtained others from his friends, but voluntarily undertook to manage the buſineſs of the company in London, recommending books, purchasing and ſhipping them. His extenſive knowledge, and zeal for the promotion of ſcience, enabled him to execute this important truſt with the greateſt advantage. He continued to perform theſe ſervices for more than thirty years, and uniformly refuſed to accept of any compenſation. During this time, he communicated to the directors every information relative
