The Zombie Stack Exchanges That Just Won't Die
An item has been donated to the library which, for various reasons, it would be preferable to repair/preserve rather than replace/reject. However, it has a mold (mildew?) smell throughout and possible foxing on both paste-downs, although not elsewhere. (See image below or click through to a high-res copy here.) What is the normal preservation/repair option for this problem?
Have you tried baking soda (bicarbonate of soda)? I have tried this with a non-valuable book, mainly to see how it would work*. I stood the book, fanned open, inside a large plastic bag with a dish of baking soda, making sure the soda didn't touch the book at all, then sealed the bag. I left it for two or three days and by the end of that time the smell was faint enough that the book could go back into the collection.
(*Bad cigarette smoke smell, we were going to discard the book but thought we would see how the baking soda worked.)
Please note: I am not an archivist and do not work with sensitive materials. If it's truly a valuable book, it would be work having a professional appraise & recover it.
Vinegar and sunlight work wonders on mold. You can either use a fine mister or wipe white vinegar onto the molded portion. Leave in direct sunlight. Repeat. It may take several applications of vinegar and sunlight.
I do not know how this will affect the book & its cover, however.
Direct sunlight is the best solution for moldy books, along with air circulation, but you don't want to expose a book to direct sunlight for more than an hour or so a day. If you're concerned with the smell, put the book in a container with baking soda, so that the baking soda does not directly touch the book, (box within a box, for example.) as NiceOrc mentioned.
If the mold is dead and dry, a toothbrush and a very weak vacuum can also help. Just make sure to keep your lungs protected. This is a pretty good quick reference for mold solutions.