FINANCIAL STATEMENT.

The following statement, taken from the last annual statement made to the Board of Regents. of the University of the State of New York, sets forth the financial position of the college:

The buildings of the college consist of the main building devoted to instruction in the academic department; the chapel and library; the west wing now used for the Herbarium, a faculty room, students' study and waiting-room, and the residence of the janitor; the School of Mines buildings, for the collections and instruction of that school; and a house for the President. These occupy the grounds comprising the block of ground bounded by Fourth and Madison Avenues, Forty-ninth and Fiftieth Streets.

Value of college buildings and grounds appur

tenant thereto, including buildings recent-
ly erected for the School of Mines

The number of volumes in the general library,
including bound pamphlets, is 17,339. Its
total estimated value is

$530,000

46,000

In the law library, in use for the Law School,
there are about 4,030 volumes, of the esti-
mated value of
The library of the School of Mines consists of
5,963 volumes, of the estimated value of
In the botanical library there are 1,220 vol-
umes, of the estimated value of
The chemical, philosophical, astronomical and
mathematical apparatus and cabinets, ex-
clusive of those of the School of Mines,
and exclusive of the Herbarium, are val-
ued at

The chemical and philosophical apparatus and
cabinets of the School of Mines are valued

at

The Herbarium is valued at

Total amount invested as above for purposes

$8,500

22,000

4,100

29,500

122,000

25,000

of instruction

$787,700 ·

2. DESCRIPTION AND VALUE OF OTHER COLLEGE

PROPERTY.

Real estate. The college owns land in the city of New York in College Place, Park Place, Murray, Barclay, and Greenwich Streets, subject to long leases of divers and separate lots. It is estimated that this land will yield in the next year a net revenue of five per cent. upon a capital of 2,128,260,00

The college also holds two hundred and sixtyfour lots of land (as now divided) situated between the Fifth and Sixth Avenues and Forty-seventh and Fifty-first Streets. All these lots are under lease, and improved by the erection of buildings which

in all cases belong to the lessees. It is
difficult to ascertain the assessed value of
the interest of the college therein, except
so far as it may be estimated from the
rents. The rents reserved by the leases
of this estate now yield a net income upon
a capital of

$2,041,786.80

PERSONAL PROPERTY.-The college held at the end of the financial year, on the 30th Septem

Showing the total estimated value of the prop-
erty which can be applied to the general
purposes of the college to be
The Gebhard fund is applicable only to the
support of a professorship of the German
language and literature, and is now invest-
ed on bond and mortgage. Its amount is
Total estimated value of the property of the
college other than such as is included
under head one

3. DEBTS.

The total amount of debt contracted by the Trustees, and remaining unpaid at the end of the year was

No debt was contracted during the year. The interest accrued on the debt was

390,272.45

$4.560,319.25

21,375.00

$4,581,694.25

$41,240.00

4,038.24

Receipts from students of School of Mines

for breakage and supplies

Proceeds of old material in college cellars Interest derived from the personal funds of the college other than the Gebhard fund

$6,186.93 118.50

1,764.94

204,094.34

186.75

798.00

Total revenue from above sources

$301,087.64

Rents in arrear and unpaid

5. EXPENDITURE.-The whole expenditures applicable to said income, paid or payable for said year are as follows :

Fuel and all other incidental expenses of such

school

Salaries of officers of School of Mines

Repairs of such school

Fuel and all other incidental expenses of such school

Expenses of Treasurer's and Clerk's offices,

and of estate, including taxes

$27,622.08

34,325.63

413.00

37.722.41

1,048.35

$208,106.95