University of Chicago - Cap and Gown Yearbook (Chicago, IL)

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THE BOARD OF TRUSTEES During the year 1926 the Boa-rd of Trustees secured the amendment of the Articles of In- corporation of the University increasing the number of Trustees from twenty-five to thirty. This increase was required in order to distribute more widely the multiplying duties which de- volve upon the Trustees and by the desire to strengthen the University's hold upon the in- telligence and worth of the community in which it is placed. The following persons constitute the Board of Trustees, grouped into three classes: Term expires 1927-Trevor Arnett, William Scott Bond, Spencer Dickerson, Charles W. Gilkey, Howard G. Grey, Charles R. Holden, Robert P. Lamont, Frank McNair, John Stuart. Term expires 1928-Sewell L. Avery, Har- rison B. Bernard, Eli B. Felsenthal, Samuel C. Jenningswxirank H. Lindsay, Harold F. McCormick, ax Mason, Julius Rosenwald Martin A. Ryerson, Harold H. Swift. 7 Term expires IQZQ-Cl13flCS F. Axelson, Thomas E. Donnelly, Charles E. Hughes, Harry B. Gear, Wilber E. Post, Edward L. Ryerson Jr., Robert L. Scott, Albert WV. Sherer, Deloss C. Shull, F.ugene M. Stevens. Two members of the Board have served from the beginning: Mr. Eli B. Felsen- thal and Mr. Martin A. Ryerson. The latter was elected president of the Board in 1892 and most successfully presided over its deliberations and guided its policies until I922. Gf the sixty-eight trustees who have been members of the Board since 1890, besides the two already mentioned,seven have served for I5 years or more. The Board of Trustees is a practically continuous, co-operating and harmoni- ous group. Familiarity with the affairs of the University obtained through years of intimate relationship to its administration counts for consistency of policy and procedure. Standing committees bring members into co-operation with the affairs of the University, although in strictly educational matters the Trustees have not attempted to interfere. The President of the University shall be the head of all educational departments, say the by-laws. There have been among the trustees no cliques, no disagreements. Negative votes are seldom heard. The officers of the Board are the following: Harold H. Swift, President, Howard G. Grey, First Vice-President, Thomas E. Donnelly, Second Vice-President, Robert L. Scott, Third Vice-President, John F. Moulds, Secretary of the Board, I. Spencer Dickerson, Corresponding Secretary, Rowland Haynes, Secretary of the University, Thomas Wakefield Goodspeed, Historian, Lloyd R. Steere, Vice-President and Business Manager, George O. Fairweather, Assistant Business Manager, Nathan C. Plimpton, Auditor, William B. Harrell, Assistant Auditor. T SWIFT Page 20

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NEW' ADMINISTRATIVE OFFICERS XVOODXX ARD Sreviixs STEERE Frederic C. Wioodward, Vice-President and Dean of Faculties, was a Professor of Law in the University of Chicago when he took over his present duties in April, 1926. He came to the University in 1916 from Leland Stanford Junior University, where he had served as Dean of the Law School for several years. David H. Stevens, Assistant to the President, was a Professor of English before beginning his present work in October, 1926. He received his degree of Doctor of Philosophy from the University of Chicago and has been on the teaching staff since 1912. Lloyd R, Steere, Vice-President and Business Manager, entered the service of the University of Chicago in his present office in Mayf, 1926. He is a graduate of Harvard College and took his legal course in the Harvard Law School. His ex- perience in banking and as an officer of the Dering Estates afforded the background for his present responsible position. Page I9

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THE BOARD OF TRUSTEES Mr. Swift was elected a Trustee in 1914 and succeeded Mr. Ryerson as President of the Board in 1922. He is an alumnus of the University having been graduated in 1907. He brings to his important service knowledge of the University from the insideg enthusiastic belief in the mission and future growth of his Alma Matergand tireless service in her behalf. On February IO, 1927, the Trustees elected Mr. John F. Moulds, Secretary of the Board, succeeding Mr. Spencer Dickerson, who just prior to that date had been elected Correspond- ing Secretary. Mr. Moulds, also an alumnus and of the Class of 1907, has had experience as University Cashier and Assistant Secretary which well fltted him for the new position to which he has been promoted. The Board of Trustees is the corporation formed according to the articles of incorpora- tion, to provide, impart, and furnish oppor- MOULDS tunities for all departments of higher education to persons of both sexes on equal terms, ...... to establish and maintain a univer- sity, in which may be taught all branches of higher learning, and which may com- prise and embrace separate departments for literature, law. medicine, music, technology, the various branches of science, both abstract and applied, the culti- vation of the BDC arts, and all other branches of professional or technical educa- tion which may properly be included with the purposes and objects of a univer- sity, ...... to receive, hold, invest, and disburse all moneys and property, Ol' the income thereof, which may be invested or intrusted to care of said corporation, whether by gift, grant, bequest, devise, or otherwise, for educational purposes, . . . . . .and generally to pursue and promote all or any of the objects above named, and to do all and every of the things necessary or pertaining to the accomplish- ment of said objects or either of them. The Trustees have under their control the endowments and the physical property of the University estimated to be worth 570,000,000 or more. The University owns a considerable amount of real-estate within the L0op,', income from the buildings thereon, or from leaseholds, providing a stable portion of in- come for the annual budget which for the current year amounts approximately to 54,500,000. Investments in securities, as well as in real-estate, must receive the constant supervision of the Trustees. The buildings used for educational purposes within the Uquadranglesw which are gradually extending beyond the four city blocks originally so-called, have been erected under the supervision of the Board. How important this supervision is may be realized when it is known that in the January, 1927, issue of the Unizzerrity Record it was stated that fully 359,000,000 recently had been appropriated for new buildings, including the medi- cal group, the University Chapel, Swift Hall, the Joseph Bond Chapel, and VVie- boldt Hall. Page 21