The New York Genealogical and Biographical Society has been in turmoil for months. The society has sold its building for millions of dollars, fired its members (reportedly so that they can not interfere with the actions of the trustees) and is now about to get rid of its library.
The full story about the books reportedly is in the next issue of the society's newsletter, called "The Researcher." However, the story to be published there reportedly is not so "full."
Dick Hillenbrand has a report on his blog at http://ny-genes.blogspot.com/2007/09/nyg-society-will-be-saying-goodbye-to.html.
This story looks like it will not be over for a long time yet.