New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-04-19
NEW-YORK TRIBUNE.
y.v.Yerk University-Gen. TniImadge's Re.
signation Of the Presidency.
NHw.Yopx Anril Ic 1917

siguauOn OIL the presidency.
Nxw.YoRg April l6. le47.
rA Editors Of Tas Tribune;
Gs,rLrxEs--I was one OF the earliest associates
~ the founding of The University of the City o.
y.vYork.y 1t is more than ear since resigned
"a, cause the Presidency Of the University and
withdrew from its concerns.
No announcement Of the fact having been made
bv me University, and private whispers being cir
,a,ed attributng it to incorrect causes, Justice to
my.ei and to the public require that should hand
van. for publication, my dissent against some OF
4, proceedings and my resignation, which, at
the dates handed to the Council of the University
forbear all remarks,-unless it may become ne.
es,ssry. am yours, &c.
JAMES TALLMADGE
REsIGHATIoY.l
Tsas Copaei Of The University Of The City Of Keao York
GrsrLIxEs have had a long time much anxi
ey in regard to the heavy debt Of the University
ard the depressed condition OF its financial con
GEMS Its expenses are beyond its income, and
ocssions yearly increase in the amount of the
iadebtedness, and has already augmented the in
,nmbrance the edihce to nearly its available
uue. as q security for farther loans had deter
mined TO press this matter on the particular con.
,jderstion of the Council, when it became exped
en to delay the matter the last year by reason OF
the political canvass in which the Chancellor had
been engaged.
AT the first meeting OF the Council the present
Collegiate year n Report was made from the Trea
surer in regard 10 the finances, which awakened in
NJ mind the increasing necessities OF the Universe
w. and proposed for consideration resolution %
Repeal the former ordinance of the Council giving %
he Chancellor oneha Tor $40 OF the graduation fee
from the medical students"
the ensuing meeting this resolution Yves taken up
ty The Council, when stated my desire to bring under
enhderstion the hnances and condition of the Unver-
dy and asked permission 10 leave the Chair, and
plain my views. The answer was--a motion, and its
siopuon BY the Council for the indefinite postpone
nsns Of the Resolution"
Ms subsequent meeting of the Council, (2Sth Jan
ls6) when the yearly Return to the Regents az sub
mriea by the Chancellor, was under consideration,
made objection against the Return falling TO com.
ruuulcse the Regents true information of the nan-
ce and condition OF the University by law required
For the OF my dssent to the Return" refer TO
ny communication in writing to the Council Q0th March
1857 and remaining In its possession.
Notwithstanding the above proceedings the Council
have taken action for inquiry for retrenchment
resd the finances and condition Of the University
Areiersnce a Committee made only of my dis.
An spologetic report has been obtained without
resolution OF any proposed action, and avoiding TO
ipesk Of the upenses" or the income the allow
spces to the Chancellor.
The Committee did sllege mistake In putting a. l55
70, quarters salary to the account of last year but
10 and true, written in the Tressurers Re
port one qnaSus salaries s2l55, rds unpaid, and 10
tlgssd on the income Of The present year"
That officer begins the fiscal year of bis accounts at
November but In either case the deficit In the payment
the Indebtedness is the same and is not disputed
M not necessary to regard minor points
have urged, and do rsassuf TO the Council, the debt
Of the University is about 90 $4,000 and not s740O0
a has been held forth.
The carrent expenses greatly beyond the income.
and adding yearly the amount of the Indebtedness
Th.a III ffa Chapr mn
embarrassed condition of the finances OF the University,
and greater In amount the last year OF the present
year than the whole Of the tuition received by the Unver'
sy In the same period The allowances to that oficer
sons the last wear were IS $780, and are greater the pre-
scot year He has generously accepted but one quarter
Of the graduation fee which has reduced his receipts to
A725 while the whole tuition received by the lnver
siy for the year only $4,70S.
These matters are not permitted to be discussed In
Council nor to appear in the report TO the Regents
The amount OF the Indebtedness, the excess OF ex'
lerses over the income the allowances to the Cnan'
reor the falling off of the paying students, the lessen.
s Of the tuition fees and lowering OF the grade OF
cssic education are questions Of magnitude to the
usleondton OF the University. | have proposed to
osuss these matters In Council have preferred to go
yin the Council sc far as the tsrhest In any united
nd vigorous action, to restore the University to a
teltry condition.
Ny Efforts have been unavailng to obtain the action
dne Council on these great points and the adoption
dsystem OF thorough Observation-Disclosures the ex-
Isnes within the income of the University and stimu
sing more efficiency into the management OF Its con
tsrns
From the laying the stone OF the University to
Aepresent hour feel that have performed my duty.
ipsns me TO continue witness OF the consumPhve
nd sinking condition OF 80 noble institution, and one
ese,ed with much munihcence and toll. cannot
Jed my assent disapprove and am unwilling to be a
party IN the present course Of proceedings In the con
Germs Of the University When the Founders and Patrons
he University shall DO informed rhy have eft the
evsion Of the trust committed to my charge, shall be
ssoved from farther responsibility.
do hereby resign the position have so long occu-
d as President OF the Council OF the University OF the
ny Of NewYork, and also my place as Member oil
ne Council
With the best wishes for the prosperity of the Uniyer'
W, and renewed assurances OF my great respect,
am gentlemen, yours &c.
Signed JAMES TALLMADGE.
Ao~f~s, April TO- 1886.