His son, Oliphant Smeaton, tells the story, which is recounted first by William Knight, Some Nineteenth Century Scotsmen (1903), pp. 108-109; and later by John W. Keddie, George Smeaton: Learned Theologian and Biblical Scholar (2007), p. 26.
Characteristically a "bibliophile," he at once laid the sum out in books, securing among other things a complete edition of Migne's "Patristic Library" in seventy folio volumes, a first edition of "Calvini Opera," a fine copy of "Poli Synopsis," the famous folio "Erasmus" in five volumes, and other treasures.
This laid the foundation of a library to which he continued to add until the time of his death, and which at that time numbered considerably over fifteen thousand volumes, and was as varied as it was choice. I had the privilege of presenting it, afterwards, to the New College, where it now remains.