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New York, New York County, New York
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A letter to Mr. Childs defends the College of New York's teachers against an attack in the newspaper, explaining that post-war tuition fees were set in gold or silver by governors, and professors justly demand hard currency due to paper depreciation and costs of importing books from Europe. Signed VERUS, New-York, May 29.
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I HAVE just read, in your paper of this day a virulent attack upon the character of the teachers in our College.--The weak malice that appears so plainly in it, and the rude language in which it is expressed will make it and the author, objects only of scorn, to the gentlemen against whom it was directed, as far as they are personally concerned.
But as matters of more general consequence are involved, it may not be amiss briefly to lay before your readers a state of the transaction alluded to.
When the College was restored, after the late war, the fees to be paid by the students, were fixed by the Governors, (who alone have power to fix them), at Five Dollars to each professor, whose lectures the student should attend. This sum was undoubtedly understood, to be paid in silver or gold, for no other currency was then acknowledged by the laws of the State. The Professors are therefore justifiable in demanding to be paid in gold or silver, until the corporation of the college shall think fit otherwise to appoint. The Trustees of New-Jersey College, as I am informed, from the best authority, have raised the terms of tuition in proportion to the depreciation of their paper; and it is nothing but justice
The teachers in our College are obliged to send to Europe for books which cannot be procured here. No one is ignorant that they must pay an high premium for money that will serve for remittances, therefore if the price of tuition, is not paid in gold or silver, as settled at first, the exchange will be so much deducted from the small pittance they receive.
The author of the invective says, that " we have raised the objects of his bitter reflections, from penury, to a more comfortable situation than they appear now to have deserved." He need not, I assure him, envy the comforts of their situation; he never knew them in greater penury than at present. But as I said before, his remarks that are merely personal, and himself, they will hold in contempt.
VERUS.
New-York, May 29.
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Letter to Editor Details
Author
Verus
Recipient
Mr. Childs
Main Argument
the professors of the college are justified in demanding tuition fees in gold or silver, as originally set post-war, due to the depreciation of paper currency and the high costs of importing books from europe, countering the recent newspaper attack on their character.
Notable Details