"As a memorial to my father, the late J. Pierpont Morgan, and for the use of scholars I have conveyed the library created by him, its contents and the land upon which it stands, to a board of trustees, together with an endowment sufficient for its permanent maintenance. It has been designated as the Pierpont Morgan Library and its character and purpose are set forth by my letter to the trustees, and by extracts from the deed of conveyance, copies of which are attached to this statement."
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