“That system in time came to be regarded as unsatisfactory, and in 1692, when New York, as it had then come to be called, was still a quiet village of about five thousand inhabitants, the village authorities passed an act or ordinance establishing a post office. This was followed by the founding here, in 1710, of a “Chief Letter Office” by the Postmaster-General of Great Britain, shortly afterwards, arrangements were made for the delivery of mail from Boston twice a month, and propositions were advertised for the establishment of a post to Albany. The interesting feature of that advertisement, to us who are accustomed to the speedy locomotion of to-day, was that the mail was not to be carried by coach, or boat, or even on horseback, but on foot. The records are hazy as to the location of the first official post office in New York City, but according to an advertisement that appeared in a paper of the period, it was removed in 1732 from the quarters it then occupied to “the uppermost of the two houses on Broadway, opposite Beaver Street.” The year 1753 found it still in the same location. It was closed on Sundays, and at other times it was open for business from 8 A. M. until noon, excepting on post nights, when business was transacted until 10 P. M. Annual Postal Receipt Less Than $3,000. “In 1786, during the administration of Sebastian Bauman, the second postmaster after the close of the War of the Revolution, there was a regular schedule for the arrival and dispatch of mails between New York and Albany and New England, and also between New York and the South. Mail from New England and Albany arrived on Wednesday and Saturday in winter, and on Tuesday, Thursday and Saturday in summer. The income of the office at that time was $2,789.84. Compare that sum and the income for the twelve months ended September 30, 1911, when, for the first time in the history of the New York office, the receipts for any twelve consecutive months passed the twenty million dollar mark, being exactly $20,451,172.53.” Franklin First Postmaster General.