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The McGregor Plan was administered by the Committee on
Americana for College Libraries of the American Historical
Assocation, headed at that time by Dr. Randolph G. Adams of the
William L. Clements Library at the University of Michigan.
The object of the Plan was to help college and small
university libraries acquire rare Americana, which otherwise they
would not be able to obtain. The
principle upon which the Plan was operated was that each
participating college would contribute $500 to the resources of the
Committee, which was then matched by another $500 given by the
McGregor Fund of Detroit, a monetary gift of Mr. Tracy W. McGregor.
The resulting $15,000 was established as a credit, whereby
each college would buy from the Committee $1,000 worth of rare
Americana annually. The
Committee distributed the books at cost and assumed the overhead,
including transportation and insurance charges.
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