Princeton

a college town of New Jersey. It lies midway between New York and Philadelphia. It was settled in 1696. The first legislature of New Jersey to meet after the Declaration of Independence sat here. January 3, 1777, Washington surprised Cornwallis' reserves here. Moved by the threats of soldiers clamoring for their pay, the Continental Congress met here instead of in Philadelphia, and was yet in session October 31, 1783, when tidings of the signing of the treaty of peace arrived from England. The population of the town is about 4,000. It derives its importance chiefly from the presence of Princeton University. This institution was founded by the Presbyterians of Philadelphia. It was known first as the College of New Jersey. It was moved from Newark to Princeton in 1756. Although bearing the name of university, professional schools have not been organized. The institution has an income-producing endowment of between $2,500,000 and $3,000,000, with an annual income of over $300,000 a year. About 1,500 students are in attendance. The library includes many valuable special collections of books and manuscripts; in all, about 200,000 in number. The college has a beautiful campus of 225 acres. Fraternity chapters are not permitted. Two literary societies dating prior to the American Revolution are still supported loyally. The city is the seat also of Princeton Theological Seminary, a leading institution of the Presbyterian church.