The Modern Library is an American publishing company. Initiated during 1917 by Albert Boni and Horace Liveright as an imprint of their publishing company Boni & Liveright, it was purchased in 1925 by Bennett Cerf and Donald Klopfer. Random House began during 1927 as a subsidiary of the Modern Library, but eventually became the parent company.
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“... in the fierce competition of modern society the only class left in the country possessing leisure is that of women supported in easy circumstances by husband or father, and it is to this class we must look for the maintenance of cultivated and refined tastes, for that value and pursuit of knowledge and of art for their own sakes which can alone save society from degenerating into a huge machine for making money, and gratifying the love of sensual luxury.”
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