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

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THE BOAR D 0F TRUh TEE. Possibly the. average undergraduate, as- suming that there is in the University of Chicago such El persrm ans an average under- grilLlllilLCI imagiueg the Board of Trustees as a iIt'Idy nf fetrvremrwed III:III;1gers. who in the mysterious and IIIII'isited thy the average undergraduate! rIHTIces m1 the thirteenth floor Hf the Security Building, IHt; Hvest Madison Street hnld in their firm grasp the academic IiI'es and fortunes of prufesstsrs and students. The student never looks in upon Ihem as the Trustees meet to guide ill'ld guard the affairs of the L'IIiI'ersiII-z He sees: a few nf them rm the day when at Ctmt'ueettion he receives his rihhmI-hnttnti diploma and is taking his last Ierj'flli-Icitrflli louk upon the halls where he has 8mm suliered :IIId triumphed during the years of his L'IIiI'ersitI' training. lllLiCCLh the Trustees may hardly he distinguished from professors except hat the fact that in the quarterly processions of the etIII-uIILI-grnwned marchers there are few hrilluntly eolured hrunls upon those who tire near the end of the line --Ihe 'Iirustees. The Trustcex hnwct'en are not austere or automatic. tar ElleF-UH: or unsym- pathetic. nr unaware at student and fateultI' life within the eitI' grat' . Active husiness men most M them denoting In: Im' trying hours tr: IITICCILI'IRS uf enm- IIIitltees ln conferences on L IIiI ersitI projects; and ptIIiLies serI iIIg mt ertIIIIIiltees mid eI elupmem uf L IIiIersity CllLitJHIUClllS and building funds. dtJIltIrSI etilieeliIeL . of millions of tinl'latrs to it's uphuildingt these busy men. naturally. do not visit the quadrungles us uflen 21?. theft ripen theirnihce desks. But tIet'er1heIess they ate conversant with all the iatrfzer Impacts of the LTIIiI'ersitI s present MM; and future prIISPLCIS Some of them deIrItL :1 part nf exert LlaI- tn L IIIIersitI :IHuirs A'IIIutIg them are IIIerehttnts tItILl IIILIIItIfelCtLIrers; UHC is :1 building CUTIIrElClUI' one It mini ister. one :1 physician. une tut :ILlIertisiIIg expertI 11nd one is Martin 3N RI- crsth Trustee since the heeitIIIitIg. in :1 class by himself. one who has seen every Limiter- Hity building UF the lIflI' or more rise from the primeval march to its phtec in the present array of imposing Gothie hails. Some know the values :if Chicago real estate and its availability for purchase 01 IcrtttI. same are IeIII'I'erS;II1Li their LILII ictx at limes. is simply ilII'fliL1JIhIC. Nine tItetIIhers I'Ii the Board EITC alumni, These men. these Trustees-there are rII'etItI'-tiI'e oi theIII-are. according tn the articles nf itIcnrporatinII. the Cf'II'I'IOFLIIiOIL not fur pruht'i. Hi-ILIIL'IWII in IEH-VH :15 the L'IIiI'ersitI- OF Chicago. As the average undergraduate might say. they are distinctiy it . These :Irtieles, enmtIImIly referred t:- as the charten set forth the nhjcets for which the University exists. Some til these Objects are stated as follows: Tn prnI'ith-t impart. tmtl furnish :Ipptnrtunities for elil Liepzlrlmcnts Of higher eLiuczttinII tn persmts nf hath sexes un equal t'erIIIs; . ..tI.I establish. Inililh taIiII. one or tan: emlleges. and to prm'ide iI'ISLI'UCIiHi'l in all collegiate studies; to establish and maintain a university. in which 111;le he taught ilii hranches of higher learning. 1:: prescribe the CI'lLITHCS Hf study. employ prtrfessnrs. in- struelnt's. ttIItI lL'ElL'ilCTS. and In maintain and cnntroi the government and discipline iHSiliLi L.TIIiI'erI:ith'.;IIIL1 in each Hf the several departments theret'IL and af- Iix the rates rnf luitinn. .Ind the LILIuhhcatintIs forudmissinn tn the University and Page an

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PRESIDENT MAHON When a hirgc group of pcnplc is actively trimmed in related enterprises thcrc evolves :1 cnmmmn IEmptr t'rf pcrh'wtlmnru 21 hackgrnund Hf ft-Ilrm'ship which is determined by and helps determine Lhc aclix'ity M the gruup. In particular. each college and university has :1 personality 01' its c'm-n. I fed that every Chicago mun shrmld be proud nf the spirit of pcrfrnrmzmcc Which bands IUgCthF the mcmhcrs Hf nur great family into :1 ftllnu'ship llf crfnrt. VX1- ;Lre peculiarly cmlnu-cd by 1he Iraulitinns r.f rILIr institulinm I feel in Chicugn a direction of cH'rrrl Inward 11mm which :ch really worth- while and fundamental, a sense nf lhc hmcss uf 1hing5.in lmth Ihc mark and 1.110 piety of Ihe L'nix'crsity. which is same. wholesome and inspiring. This sanity of ricwpoinl is mlncthing which we Shnultl indeed prizi: highly and scrk uilh cvcry effort In intensify. Research work which is really signihcum lmr 1hr mum! :rf mam. schulurship which is nnt pcdamic.student activities which are 11H cheap and iriviah bring zlhuul through their illtcgratitm that unity uhiuh gives IhL' temper Hf lhc l'nivcrsity of Chicago. NEAR NIAMJY Paw h;

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THIG BOARD OF TRUHTEEH its various departments: to receive. hold. invest. and disburse 2111 moneys and prnperty, or the income thereof. which may be vested in or intrustetl to care raf the said cnrpnreltirm: to grant such literary honors and degrees as are usually granted by like institutions. itllti to give suitable diplomas. These being the principal objects for whirh the University exists tiT'ILi the Trustees being the corporation which exists in 0rd er t0 HCCUIH- plish these Objectives, it may readily be seen how intimate is the relationship between the members Of lhe Bnard and the nmintt-namee and progress of the lfttiversity. The Trustees may not he able tr'r identify the president nf the LwlldCTgratiuale Cnuncil when he is seated in chapel. but they know in general the whole plan nf organization of the University from the academic pninl' 0f t'iew. AS they ztppoint zlll instructors ill rank abuve :lSSiSttltltt they are familiar with the personnel of the several iztcuities. According to the hy-laws The President rat the University .. shall be the head of all educational departments of the University exercising such supervision and direction as will promote their efficiency; he Shilii he resptmsihle fur lhe LliS- cipiinc 0f the University; he shall preside at lhe meetings of lhe faculties: and the Board, and between the students: of the Linix'ersity and the Beard; and shall recommend to the Board appointments to the several faculties . rFhe Trustees from the beginning have been careful never to interfere with the prerogatives of the President of the Lhtiversity. But it remains for the Board tr.- determine the policies which shall govern the life and advance of the ittstitutinn. How well they have directed the University's etttairs many he discovered by the growth of its resources. Beginning with its incorporation in 1300 when its endowment was but a promise and its buildings an unrealized dream. its assets. the Auditor nf the Linit'ersit-t' reports. have now increased to apprtmimateiy 571000.000 Of which rust sum about 540000.000 is endowment. iiihen in the years just heiore the foundation of the University a strenuous eHort was made to secure subscriptions 0f $400000 in order to meet Mr. John D. Rockefeiler-s 5000.000 Challenge to estatbiish univer- sity education in Chicago. it required a breathless struggle lasting mute them 21 year to obtain the first mentioned amount. Now its general budget. the special budgets for Rush Medical College the University Clinics and the. Graduate 5611001 of Social Service Administration reach a total of over 35.000000 each year. 111 other words while in H490 5513001000 was needed to found the 'L'nit'ersity. today; so well have its affairs been managed, so rapidly has it grown. that tire times its original capital. is expended for current expenses. NIm-Mm ngr 3!