. History of New York City : embracing an outline sketch of events from 1609 to 1830, and a full account of its development from 1830 to 1884. antly illuminated, and was profusely decorated with paintingsloaned for the occasion, and rare plants from various was one of the most striking fetes New York had ever beheld. * The earliest detailed statement of the financial condition of the college, after theyear 1800, appears in the minutes of the trustees in 1805, when, from leases of a portionof the Church Farm given to the college, it derived an income of about $1400 ; alsofrom
. History of New York City : embracing an outline sketch of events from 1609 to 1830, and a full account of its development from 1830 to 1884. antly illuminated, and was profusely decorated with paintingsloaned for the occasion, and rare plants from various was one of the most striking fetes New York had ever beheld. * The earliest detailed statement of the financial condition of the college, after theyear 1800, appears in the minutes of the trustees in 1805, when, from leases of a portionof the Church Farm given to the college, it derived an income of about $1400 ; alsofrom benefactions about $4000, also from tuition fees about $9000, making an annualrevenue of little more than $14,000. Its income met the expenses until 1821, when, yearafter year, there was a deficit of several hundred dollars, which produced an accumulatingdebt. Assessments for opening and regulating new streets became an added burden ofexpense, which, with taxes, amounted to $4000 in 1854. The Legislature refused toremit taxes on the property, and for several years the college was a sufferer from theincrease in value of its own FIRST DECADE, 1830-1840. 14? In 1857 the requirements of business caused the removal of the collegeto its domain on Madison Avenue, where it occupies a block houndedby Madison and Fourth avenues, between Forty ninth and Fiftiethstreets. The old edifices on the Church Farm were demolished, andtheir site and the College Green are now occupied by streets andmagnificent warehouses. The debt of the college had increased to more than $23,000 at thetime of the removal, but by the sale of its property in the lower partof the city and sixteen lots of the Botanic Garden, all of which hadrisen enormously in value, it rapidly reduced the debt, notwithstand-ing its greatly increased expenditures in money and the establishmentof new departments. In 1863, for the first time in twenty years, itsincome was more than its expenses, and in 1872 the institution was
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