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

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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

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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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COLLEGE MARSHALS AND AIDES P Page 22 ,Xmrz HALL SMITH HOWE BENNETT PRICE BURG QULN WEBSTER SACKETT The College Marshals and Aides are appointed annually by the President of the University on the basis of scholastic attainment and prominence in campus activities from recommendations of the present Marshals and Aides. They serve throughout their Senior year as assistants to the University Marshal in the conduct of Con- vocations and other ceremonial functions of the quadrangles. Each year the President, in making his selection, designates one of the men chosen as the head marshal, to supervise the work of the entire groupg and the retiring members choose one Woman for the un- offlcial post of chief aide to take general charge of the work of the aides. During its term of service the average group of Marshalls and Aides ofliciates at six Convocation ceremonies, an equal number of Convocation religious services, and at numerous receptions of various natures.