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Page 11 text:
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Headline of the year: The Chancellor resigns On Tuesday, March 29, Chancelior Kimpton an- nounced his resignation. With the spring quarterJ then, the ttKimpton Era? became, as the Mama?! redundantly observed, Ha. fixed time period, bound by dates at both ends? Though reportedly under consideration for a number of months, the action came as a surprise to trustees, faculty, students, and press. Their expressions of shock, amazement, disappointment, and, in some quarters, re- lief have been adequately chronicled elsewhere. Similar- ly, reviews of Kimptonk reign as well as evaluations of it are better left to more formal and Olympian publica- tions. Whether he is ultimately deemed to haVe ied the University through an interlude 0f pregress 0r regres- sion, of true accomplishment or superficial englistening, it is certain that he will be remembered as a man of pur- pose, accomplishment, and sincerity. The words and pictures of the day of resignation enforce this conclu- s10n. . . .
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Page 12 text:
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tiEvery era of the University has its special problems and when I became Chancellor I found some which required priority of consideration. HIn common with other urban univertities, the Uni- versity of Chicago was confronted with the problem of encroaching blight. If the University was to exist, that threat had to be removed. It has been removed, and we now have assurance of a stable community in which the University will have the environment essential to its life and activities. KtAnother goal I set myself was to stabilize the flnan- cial affairs of the University. This involved bringing its annual budgets into close balance even while in- creasing faculty salaries and it also required substantial additions to our capital funds for endowment and ex- pansion of our physical plant. ttThe campaign of 1955-58 and the activity it enw gendered led to the addition of large sums to our en- dowment, a real increase in the level of our faculty
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