May 7, 1889

The college announced that, since parts of the $92,000 raised to date towards the goal of $100,000 for general endowment were contingent upon reaching the goal by July 1, it was imperative for the additional monies to be pledged. It was suggested that residents of Poughkeepsie commit to raising $5,000, President Taylor being confident that the remainder could be raised elsewhere. The New York Times