New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-03-11
.,s,,csu Tract Society.
Delevan House, ALBANY, I'd March, leiI'

Delevan House, ALBANY, I'd March lei1'
To tss Editor Of Ths 7ri6uHs'
On taking up your paper oil the I'd this morning.
ind an article calculated 20 make an erroneous I'M
preston respecting the fret building OF the American
Tract Society and the proceeds Of rent from tho same
snd calling the attention of the Legislature TO Inc '1o
iect &c.
Asthe Society has never received any rents eecep'
from the building on their premises at the corner OF Mas
,,u and Spruce streets would respectfully reque'tyou
70 insert the enclosed extracts from report respecting
,h.o preisos which has this week been presented 10
the legislature under oath. Yours, truly
O. EASTMAN Cor. Sec. Am. Tract Society
Th..s pramises were procured by means OF donations
10 the amount OF ta5e52 20, made oy naivu"ss ~ o
city Of New York. about the time OF Tue Soe 'Iy2s
forinAtou In 1925 for this SPECIFIC OBJECT ana sPfeu
,owsr the purchase and by means Oh rents VI paris VI
the building not hitherto occupied Tor the sociev ou
ns,. On the 18th OF April last the proceeds OF 'oso
rents with the original donations for that oeect nsn en-
yalv maid for the building aud ground beside slo4J DC
which had applied from the procee9s OF ieh's LOT
fixtures md tools for ne oindeIy ana s,uo .,nsd ON
tocieys general purposes, and there then Oh
bsnd from the proceeds of rents the sum OF sSs as "a
nv the report of Messrs. r. 7. uaines and l. G. Dore
mus Auditing Committee, inserted IN Sohsecuon w
the rreesurers statement at page 70 OF the society st
.r,ual Renort The amounts thus received Tor rent
were In the years ending April 10 lsis s54 ~ ls4S
siOll rs; 1874 s37e7 81, lSfa S5t22 90 1870 "
In April last the Committee resolved to avail them,
.v.s ~ the late improvements In printing presses and
,nschinerv and had completed their plans i0r rvpsu
me AMI srepshenag the original building, which had
npesd soon and from which the Society
printing had for many years been removed "neh hs
budina was pronounced by competent srehi,ee's ana
bulders 10 be- insufficient 70 sustain the Working ma
chpery without endsneerng the lives OF us numerous
occupants and the erection OF new and more conn
nnoaous building was recommended, both Tor safety
and ultimate economy.
After1nature consideration, this Recommendation was
adopted and such building has within a lew montns
hoe cree ted the site TO NEE, the expenses OF
which with fixtures and sppurtenences The society
have borrowed the sum Of $4,000, secured oy pond
and MORTGAGE on the premises and to iquidsie TINS
debt with The interest Sceruing thereon they have again
given up most OF the lower part OF the building 10 De
rented Tor that purpose Apartments are now ie' lol
400 ON, OF which sum the Society to be 81 the ex
pense Of heating the apartments and taey esnn~'e
that for some years they may annually receive
in all for rents about the OF $4,000 over and above
the expense heating and OF insurance and taxes on
the building from which sum OF $4,000 10 be deduct
d tho interest OF SAL 600 borrowed 81 per cent amount
n 10 A. $40 which would leave 81 100 TO be applied the
6rs, wear to the reduction OF the principal M also eN'
peced that as the debt shall be diminished ana the so
eietys business be extended the Society will need to
oocupy largo portion Of the apartments now rented
for the convenient transaction Of s concerns ana mat
in case any income shall be derived from rents alter the
Seh, /. maid II viii be Immediately applied as hereto
fore for the promotion Of the Societys eeneNoeni PHr
p0scs A.. ..>.,
The Society have thus endesvored 10 make the mos,
eeonomlcs use 81 the means intrusled 10 them and
they have kept separate accounts for the house ana t
thai donors may know tia, their contributions Tor the
sociesys charitable purposes have not been ABSORBED
for buildings OF rents In THE City.