In a historical discourse delivered by Rev. George O. Phelps, he says:
"It is a source of untold satisfaction in this day of presumptuous spires or burdensome church debts, that the Allen Street Presbyterian Church has no such encumbrance—not one dollar of mortgage rests upon it; that at the close of each fiscal year, by means of the voluntary system, and the kindly aid of friends interested in the prosperity of the church, and the maintenance of the preached word in this part of the city, all obligations are fully discharged.
"For this, we most heartily thank our God to-day, whose favor is thus constant.
"True as it is, that this church can be regarded at no period as among the affluent—as there are those to-day who expend more for church music than our entire congregational expenses, so there have ever been those who could drop into the treasury of a single board, in a single year, more than all our contributions to benevolent objects during fifty years, we hope it may be equally true that we have been most definitely, spiritually pronounced.
"Whatever may be said of her ecclesiastical loyalty, the evidences are numerous of fervent loyalty to Christ, in doctrine, in the word preached, in influence exerted, in means used for the extension of His kingdom, and of consequent fidelity to man touching questions of social and of national importance.
"A not unimportant element of influence and success, next to a becoming spirituality, is the social-religious element. This is proverbial of the Allen Street Church."
Not to refer to the regular weekly prayer-meeting in this connection would do great violence to a complete record as well as harm to many a saint in Israel. For years this meeting has been a great power in Christian life and work. Hundreds maybe said to date their first serious impression, and very many their conversion, to the scenes of that hour and place; and how perennial its influence, and refreshing upon the host of God's people.
Among the most prominent pastors of this church, we may mention the Rev. Henry White, D.D., regularly installed March, 1829. He resigned March 9, 1837, and became the first Professor of Systematic Theology in the Union Theological Seminary, New York City. He died August 25, 1850, aged fifty years. A man of decided character.
Rev. George B. Cheever, D.D., was installed October 10, 1839, and was dismissed April 24, 1844. He afterward became the pastor of the Church of the Puritans on Union Square. He now resides at Englewood, N.J., a man of vast resources, both personal and acquired, eloquent and effective in address, in views extremely radical.
Rev. David Benton Coe, D.D., was installed October 14, 1844. He was dismissed May 13, 1849. He became one of the secretaries of the American Home Missionary Society. He was of a retiring habit, scholarly attainment, instructive as a preacher, and devoted and sympathizing as a pastor.