Taylor University - Ilium / Gem Yearbook (Upland, IN)

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The Financial History o T THE financial history of Taylor records many interesting events. During the earl ' days of the institution in Fort Wayne the control of the school was in the hands of the M. E. Conference. Later the management of the school was placed in the hands of the National Association of Local Preachers. Then it was that the school was named for Bishop William Taylor. Dr. C. B. Stemen, a member of the board of directors, served as president until Dr. Thaddeus C. Reade was chosen. In the beginning of Dr. Reade ' s administration the school was moved from Fort Wa ne to Upland and was incorporated as Taylor University of Upland, Indiana. Dr. Reade assumed the entire financial responsibility of the school. Under his leadership the administration building was built, the largest gift coming from Mrs. J. C. Wright of Washington, D. C, whose husband was president of the Board of Trustees. What is now Sammy Morris hall, and what used to be the old dining hall, was also built at this time. After Dr. Reade had carried the financial load for about nine ) ' ears, the trustees assumed control. The niembers of the Board, residing in Upland and within easy reach, bore the brunt of the burdens and from time to time got behind the school ' s liabilities with their own private gifts and endorsements. Dr. John H. Shilling, who was the Vice-President, was acting President during Dr. Reade ' s illness. Dr. Winchester of Buffalo was the next president. Dr. A. R. Archibald succeeded him, serving until Dr. Monroe Vavhinger came. Under Dr. Vayhinger ' s leadership the Music Fiall was built and named in honor of Mrs. Helena Gehman who gave the gift in memory of her husband. The money for the auditorium was donated by Mr. and Mrs. Israel Shreiner and the Chapel was named in honor of them. The main gift for Swallow Robin hall was contributed by Dr. S. C. Swallow and his wife. At this time Mr. and Mrs. J. D. Campbell gave large gifts to the school. Dr. Taylor succeeded Dr. Vayhinger in 1921 and it was during his administration that the present heating plant was built, the south eighty acre farm was acquired, and numerous houses were purchased and built. Dr. Ayres was acting-President between Dr. Taylor ' s and Dr. Paul ' s administra- tions. Under Dr. Paul ' s leadership the Legal Hundred was organized. This body now has financial control of the school. ( C-s TWENTY-ONE