The Morgan Library & Museum (formerly The Pierpont Morgan Library) is a museum and research library in New York City, USA. It was founded to house the private library of J. P. Morgan in 1906, which included, besides the manuscripts and printed books, some of them in rare bindings, his collection of prints and drawings. The library was designed by Charles McKim from the firm of McKim, Mead and White and cost $1.2 million. It was made a public institution in 1924 by his son, John Pierpont Morgan, Jr. - Source: Wikipedia
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