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Description: Man Who Made Threat Against Library Saves ItDate: March 16 1930
Newspaper published in: Huntsville, AL
Page/Column: Page 10, Column 6
MAN WHO MADE THREAT AGAINST LIBRARY SAVES IT
CHICAGO, March 15 (AP) – The man who issued the startling ultimatum two years ago that “all pro-British books in the public library will be burned in a bonfire at the lakefront,” today came to the rescue of that same library.
It was in the midst of Mayor William Hale Thompson’s “campaign” against the King of England that U. J. “Sport” Herman, theatre owner, yachtsman, and president of the Chicago library board, made his bonfire announcement, an announcement which was never carried out.
The library, weathering the possibility of having some of its volumes burned, more recently faced the troubles that beset most of Chicago’s other institutions – financial troubles. Although many employees have already been discharged, further curtailment of the operating force was seen as a necessity due to shortage of funds.
In addition, contracts with publishers for books already ordered, called for payment not later than next Monday. If outside financial aid were not forthcoming, the library faced the possibility of losing its books and in addition the possibility of being sued for breach of contract.
Hermann announced today that the Seneca Securities Corporation, of which he is the vice-president and Eugene McDonald, wealthy explorer, president, has agreed to furnish the library $250,000 to buy books and keep up operating expenses until the taxes from which the library’s funds are taken have been collected. The corporation will take tax anticipation warrants as collateral.