The document provides a timeline of important events in the history of American libraries from 1731 to 1967. It summarizes key developments such as Benjamin Franklin opening the first subscription library in 1731, the burning of the Library of Congress in 1814 and Thomas Jefferson subsequently selling his personal library to replace it, the Morrill Land Grant Act of 1862 establishing land grant colleges and academic libraries, and the establishment of the first library school by Melvil Dewey in 1887.