Not when you think of what a library is for. It is suppose to group folders from different locations into one place (library folder) as shortcuts to make accessing them easier than having to navigate to each folder individually in Windows Explorer.
Since the included folders are in one library folder, everything will be treated the same for the view settings in that librart folder. Now, for example, your C:\Users\(user name)\Pictures folder will not share the same view settings as your Pictures library folder. You can set the Pictures library folder to have one view setting (ex: sort by name), and have the C:\Users\(user name)\Pictures folder set as something else.
Hope this helps more,
Shawn