CREATE TABLE table_42724 ("Institution name" TEXT, "City/ town" TEXT, "State/ province" TEXT, "Total enrollment" TEXT, "Year founded" FLOAT)

In what City/town was their institution founded in 1860?
SELECT "City/ town" FROM table_42724 WHERE "Year founded" = '1860'
SELECT "City/ town" FROM "table_42724" WHERE "Year founded" = '1860'