Page:A History of the University of Chicago by Thomas Wakefield Goodspeed.djvu/123

 THE BEGINNING OF THE MOVEMENT 97 to the four-hundred-thousand-dollar fund had been collected. The block and a half of ground purchased from Mr. Field was paid for, and the Education Society conveyed the entire site of three blocks to the University on August 24, 1891. Thus the Society, in accordance with the policy adopted in the beginning, "to exercise no control over the financial affairs of the institution beyond the time when, in the judgment of the Board, the institution is solidly founded," now withdrew and left the new University it had done so much to originate to the sole care of its own trustees.