A Letter was presented to the Company from Doctor Franklin, President of the Philosophical Society, enclosing an extract from the Minutes of the said Society, by which it appears that a Committee were appointed to treat with the Directors of the Library Company with respect to renting to the Directors, for the use of the Company, part of the Building belonging to the Society, on the State-house Square; which Minute was taken into Consideration, and it was resolved, That Josiah Hewes and John Kaighn do wait on the President and thank him for his continued friendly Attention to the Interests of the Library Company, and that they request the President to inform the Committee of the Philosophical Society, that the Directors are of opinion, the present situation of the Library would be very desirable were it not for the Danger of Fire arising from a joint tenancy in the same building; which has induced them to enter into treaty for a Lot on Chesnut-street and Fifth-street, on which they conceive, by proper exertions, they will be able to erect a safe, convenient and detached building, without any diminution of the present Income of the Company, and that they desire the President to inform the Society, the Directors entertain a proper Sense of the overtures from the Society, but that the Dangers at present apprehended from Fire would not be obviated by a removal of the books unto the Society’s Hall.