The monument contains four niches intended for life size bronze statues of the American commanders associated with the Battle of Saratoga.
Saratoga Monument Association
On October 17, 1856 a group met at the General Schuyler House in Schuylerville, New York to discuss creation of a monument to celebrate the American victory at the Battle of Saratoga. In 1859 the Saratoga Monument Association was organized, with a board of fourteen permanent directors: George Strover, William Wilcox, Henry Holmes, James M. Marvin, John A. Corey, James M. Cook, Leroy Mowry, Asa C. Tefft, Peter Gansevoort, Hamilton Fish, Phillip Schuyler, George W. Blecker, and Horatio Seymour. Hamilton Fish was elected first president. The association was incorporated by New York State in 1859. The trustees got as far as choosing the location for the monument before the Civil War intervened. The effort to build the monument was resumed in 1872. In 1874 the New York State Legislature approved an appropriation of $50,000 for construction of the monument. The association asked each of the thirteen original states to pledge $5,000 each, but only Rhode Island replied with a conditional offer.
Cornerstone
On October 17, 1877, 100 years to the day after Burgoyne's surrender, the cornerstone of the monument was laid with great pageantry, including a parade two miles long to the site, music, speeches and the reading of Fitz-Greene Halleck's "The Field of Grounded Arms":
... And such were Saratoga’s victors—such The Yeomen-Brave, whose deeds and death have given A glory to her skies, A music to her name. In honorable life her fields they trod, In honorable death they sleep below; Their sons’ proud feelings here Their noblest monuments.
Final funding for the monument consisted of $2,300 from private donations, $95,000 from the federal government, and $10,000 from New York State. Much of the labor and material was donated. In 1895, when the monument was transferred to New York State, a debt of $4,500 remained.
Renovations
By 1987 the monument had deteriorated such that it had to be closed due to safety concerns. A renovation was undertaken at a cost of $3 million, and the monument was reopened on Columbus Day, 2005. Funding was provided by the National Park Service thanks to the efforts of CongressmanGerald Solomon.