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George Washington's New Million Dollar Library

A 1789 book, "Acts Passed at a Congress of the United States of America," that belonged to George Washington, and was bought for $9 million in auction. The book, which features George Washington's signature at the top right, now resides in the Rare Books Vault of the new Fred W. Smith National Library for the Study of George Washington in Mount Vernon, Va.

George Washington Gets a New Library

After years of planning and a $100 million fundraising campaign, George Washington's Mount Vernon estate is formally opening a new library dedicated to the study of America's first president and the Founding Fathers.

The library will function in some ways like a modern presidential library. But the Mount Vernon library receives no government funding and is intended primarily to foster formal scholarship; it is not designed to accommodate casual tourists.