Well, gradstudentbytheday, I’m glad you asked.
The ASA Council had an extended discussion of the issue of 588 boxes of journal-related correspondence from between 1990 and 2009. It is a complete set of ASR-related materials, and an incomplete set of other ASA journal material. The set includes rejected manuscripts, reviews, and other correspondence.
Saving the materials involves digitizing them into searchable pdf files. The estimated cost for this is between $100,000 and $120,000. Holding onto them costs the ASA $5,300 per year and is at best a temporary solution, as eventually the paper will deteriorate or mold. Another complexity is confidentiality. These materials belong to the respective authors, who were promised confidentiality.
After much debate, Council decided to hold the materials for another year, calling upon the many supporters of saving these materials to come up with a plan to raise the funds to digitize the materials. There are much longer background memos and the full decision linked from the “What’s New” section on the main page of the ASA website.