Abilene Christian College - Prickly Pear Yearbook (Abilene, TX)

 - Class of 1976

Page 45 of 356

 

Abilene Christian College - Prickly Pear Yearbook (Abilene, TX) online yearbook collection, 1976 Edition, Page 45
Page 45



Text from page 45:


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T- 'Q-V During the Depression, the adminis- tration and taculty took salary cuts. Bankruptcy threatened the school. Apart from more than 850,000 received from selling the old campus, many needed donations came in the 1930s. The Ten Thousand Club was organ- ized in 1930, with its goal being 10,000 members, each paying 310 or more. Mr. and Mrs. l.. P. Bennett gave the school two sections of Yoakum County valued between 512,000 and 515,000 The money received from the oil-producing land was used to construct Bennett Gymnasium. One ot the largest gifts was bonds equivalent to about 880,000 in cash from John G. and Mary l-lardin, mul- timillionaires, who had also given money to Baylor, the city of Burkbur- nett, Hardin-Simmons, and many other organizations. J. E. lvlcKinzie, the main worker for the Hardin gift, saw the college's debt drop from 3300000 to a little more than SB90,000. HISTORY OF ACU 39

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