t capital was in the results of our efforts, and not in
funds, we spent every dollar we could obtain at once upon our labors of
charity.
At length, in 1863, a very fortunate event occurred for us: a gentleman
had died in New York, named John Rose, who left a large property which
he willed should be appropriated to forming some charitable institution
for neglected children, and, under certain conditions, to the
Colonization Society. The will was so vaguely worded, that the brother,
Mr. Chauncey Rose, felt it necessary to attempt to break it. This, after
long litigation, he succeeded in doing, and the property--now swollen to
the amount of nearly a million dollars--reverted mainly to him. With a
rare conscience and generosity, he felt it his duty not to use any of
this large estate for himself, but to distribute it among various
charities in New York, relating to poor children, according to what
appeared to be the intention of his brother. To our Society he gave, at
different times, something like $200,000. Of this, we made $150,000 an
invested fund; and henceforth we sought gradually to increase our
permanent and assured income, so that the Association might continue its
benevolent work after the present managers had departed.
And yet we were glad that a good proportion of our necessary expenses
should be met by current contributions, so that the Society might have
the vitality arising from constant contact with the public, as well as
the permanency from invested property.
If we take a single year, 1870, as showing the sources of our income, we
shall find that out of nearly $200,000 received that year, including
$32,000 for the purchase of two Lodging-houses, and $7,000 raised by the
local committees of the Schools, $60,000 came by tax from the county,
$20,000 from the "Excise Fund" (now abolished), nearly $20,000 from the
Board of Education, being a _pro rata_ allotment on the average number
of pupils, and about $9,000 from the Comptroller of the State; making
about $109,000, or a little over one-half of our income, received from
the public authorities. Of the ninety-odd thousand received from private
sources, about eleven thousand came from our investments, leaving some
$80,000 as individual contributions during one year--a remarkable fact,
both as showing the generosity of the public and their confidence in the
work.
This liberal outlay, both by the city and private individuals, has been
and is being constantl
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