Stephen Van Rensselaer established the Rensselaer School on 5 November 1824 with a letter to the Reverend Dr. Samuel Blatchford, in which Van Rensselaer asked Blatchford to serve as the first president. Within the letter he set down several orders of business. He appointed Amos Eaton as the school's first senior professor and appointed the first board of trustees. The school opened on Monday, 3 January 1825 at the Old Bank Place, a building at the north end of Troy. Tuition was around $40 per semester (equivalent to $800 in 2012). The fact that the school attracted students from as far as Ohio and Pennsylvania is attributed to the reputation of Eaton. Fourteen months of successful trial led to the incorporation of the school on 21 March 1826 by the state of New York. In its early years, the Rensselaer School strongly resembled a graduate school more than it did a college, drawing graduates from many older institutions.