194  New  York  College  of  Pharmacy.  {^-i^\,x^m' 
shall  be  open,  upon  equal  terms,  to  all  students  of  the  University  and  of  the 
College. 
(n)  That  the  Superintendent  of  Buildings  and  Grounds,  the  Librarian,  and 
the  Registrar  of  the  University,  or  the  persons  performing  the  duties  now 
attached  to  these  offices,  shall  be,  respectively,  Superintendent  of  Buildings 
and  Grounds,  the  Librarian,  and  the  Registrar  of  the  College  of  Pharmacy. 
(12)  This  agreement  shall  take  effect  July  1,  1904. 
(13)  This  agreement  may  be  modified  at  any  time  by  mutual  consent  expressed 
in  writing,  and  may  be  terminated  at  the  end  of  any  academic  year,  and  after 
one  year's  notice  in  writing,  from  either  party  to  the  other. 
Mr.  Samuel  W.  Fairchild,  an  ex-President  of  the  College,  moved 
the  adoption  of  the  report  of  the  committee  and  of  the  Board  of 
Trustees,  and  the  ratification  of  the  same,  which  motion  was  sec- 
onded by  Mr.  Mclntyre. 
The  chairman  then  called  upon  members  of  the  committee  to 
explain  certain  things  in  regard  to  the  agreement,  and  Mr.  Bigelow, 
Treasurer  of  the  College,  spoke  as  follows : 
"  Mr.  Chairman,  after  listening  to  the  reading  of  this  proposed 
plan  of  merger  with  Columbia  University,  it  must  be  apparent  to 
every  member  of  this  College  who  has  read  this  agreement  or  who 
has  listened  to  the  reading  of  it,  that  we  are  in  no  wise  surrender- 
ing our  College  wholly  to  Columbia  University.  We  are  not  giving 
up  a  great  deal.  On  the  other  hand,  the  advantages  that  will  accrue 
to  this  College  from  its  union  with  Columbia  are  very  great.  It  is 
now  some  ten  years  since  the  subject  was  first  discussed,  but  the 
interest  at  that  time  did  not  seem  very  great  on  either  side.  Co- 
lumbia was  then  at  its  old  quarters  on  Madison  Avenue,  and  aside 
from  the  union  with  the  College  of  Physicians  and  Surgeons,  no 
other  separate  teaching  institution  had  been  incorporated  with  it, 
with  the  College  as  it  was  at  that  time.  Since  the  University  has 
moved  to  its  new  location  at  1 16th  Street,  it  has  planned  to  take  in 
a  number  of  other  Colleges.  The  Teachers  College  was  the  first, 
I  believe,  then  Barnard  College,  and  I  think  we  should  feel  highly 
flattered  that  we  are  the  third  institution  to  be  invited  to  join  that 
great  University.  At  the  meeting  of  our  committee  with  President 
Butler,  of  Columbia,  he  informed  us  that  it  was  proposed  that  the 
University  take  in  a  large  number  of  Colleges  in  this  vicinity,  on 
the  same  basis  as  the  invitation  to  this  College  to  join  Columbia. 
This  College  occupies  a  very  unique  position  as  an  independent 
College.  It  has  never  had  an  endowment  of  any  kind,  and  still  is 
self-sustaining,  and  for  the  past  five  years  has  had  a  surplus  in  its 
