Up to the close of the Napoleonic Wars, sheep raising, in the United States, was of slight importance. Because of the small population, the demand for mutton was easily supplied. Most of the woolen goods used was imported from England. What little was manufactured in this country was made of wool imported from Spain.

The Erie Canal has always stood as one of the great pioneer works in engineering in America, and for this reason any new material on the history of the project cannot but be of interest. The earliest thoughts concerning the development of an inland waterway which would connect the vast territory between the Alleghenies and the Mississippi with the more populous eastern seaboard run far back into history.

Among the more recent volumes received by the Business Historical Society is The Glasgow University Press 1638–1931 by James Maclehose. The author, himself a member of the family that now runs the press, enters into his task with uncommon enthusiasm.

Along with the articles relative to the Erie Canal and the Boston and Albany Railroad, it seems appropriate to offer some general estimate of canal and railroad material available in the manuscript collection at Baker Library. The two most important groups in this field are the Baldwin papers, the gift of Mr. James R. Baldwin, and the Stabler papers, deposited with Baker Library by the Maryland Historical Society.

Though the Boston and Albany Railroad was not completed until 1841, and not actually incorporated, as such, until 1867, the idea of a railroad from Boston to Albany was one of the earliest railway projects contemplated in this country.

There is one type of source material for business history to which members of the Society could and should make valuable contributions. This is in the recording of the significant facts concerning the development of their own business concerns. After a man has spent the best years of his life and much of his talent and energy in administering a business enterprise, it would be of great value if he could sit down and, as clearly as possible, describe all sides of every problem which led to the formulation of important decisions, along with the results of the policies based on those decisions.

The business papers of Frederic Tudor, who for half a century was known throughout the country as the Ice King, have recently been deposited in Baker Library by his grandson, also a Frederic Tudor. These business records comprise the story of one of the most unique business enterprises ever undertaken. The material includes account books, letter books, and unbound letters so absorbing in their interest that it is hard to turn away from them.

Along with the records of the general store of Alfred and Andres Lefebvre, which were given to the Society by Charles P. Howland and were mentioned in the May Bulletin, came a smaller group of accounts, those of the Hacienda de San Bartolomé del Monte, located in the Provincia de Tlaxcala, Mexico. This second group, which includes 27 volumes — journals, ledgers, and cash books — covers the period 1869–1905.

Among the collections of business records brought together by the Business Historical Society and Baker Library there is one which is outstanding for its size, its completeness, and for the fact that it represents a longer period of time than any other single collection. This is the Trotter collection, the records of a family of Quaker merchants of Philadelphia.

It is remarkable to see how the items of manuscript material in a particular field, coming in over a period of years and from numerous sources, do, in the final analysis, dovetail together to form one unified collection. The result is like a piece of mosaic. This is the thing which fascinates the collector. Each item alone may seem more or less insignificant, but the whole is more complete because of the least significant part.

Baker Library, with the assistance of the Business Historical Society, has brought together the first systematic collection of business manuscripts. Many libraries and historical societies have accumulated a few business manuscripts incidentally, but their chief interest, thus far, has been biographical source material or source material for political history. This is the first time business history has constituted the object in view.

Somewhat over a year ago the Society received, through the kindness of Mr. Charles P. Howland, Director of Research, Council of Foreign Relations, New York City, a fine collection of Mexican manuscripts. The material falls into two distinct groups—113 volumes, the records of Alfred and Andres Lefebvre, who were engaged in both retail and wholesale trade in Mexico City, and 27 volumes, the records of the Hacienda de San Bartolomé del Monte, Provincia de Tlaxcala, Mexico, which was owned by Don Manuel Fernandez del Castillo y de Mier. This article will concern the records of Alfred and Andres Lefebvre, which cover the years 1863–1900.

Mention has already been made in the Bulletin of the unusual collection of material which has been coming to the Society in the form of anniversary publications which are being put out by various companies. One such publication of special interest was the history of a Belgian company, La Société Cockerill, noted particularly for the manufacture of locomotives and other machinery.

From time to time articles have appeared in the Bulletin indicating the wealth of manuscript material on the textile industry which has been brought together at Baker Library. Not long ago there was discovered, tucked away in a fine collection on the Baltimore and Ohio Railroad, a very small but unique group of manuscripts on the early history of the textile industry. In 1927 the Maryland Historical Society deposited with Baker Library material relating to the building of the Baltimore and Ohio Railroad, known as the Stabler Collection.