Page:A History of the University of Chicago by Thomas Wakefield Goodspeed.djvu/373

 FURTHER EXPANSION 327 attendance of students was concerned, and at the end of eight years and a half had a surplus in its treasury of about one thousand dollars. This fund, together with the school itself, was placed in the hands of the University in May, 1901, that it might, by "uniting with the Chicago Institute, the Chicago Manual Training School, and the University Elementary School, become a part of the new School of Education of the University of Chicago." This quota- tion from the secretary of the Academy will sufficiently indicate that the foregoing statements are introductory to the narrative, of which they are an essential part, of the next great step in expansion. That step, one of the most important ever taken by the University, was the establishment of the School of Education. This move- ment originated in the enlightened and liberal interest of Mrs. Emmons Elaine in the training of teachers and in elementary education. Mrs. Elaine, who was the daughter of Cyrus H. McCormick, originator of the great harvester industry, had founded the Chicago Institute, a training school for teachers. A board of trustees had been appointed Mrs. Emmons Elaine, Dr. Henry B. Favill, Owen F. Aldis, Cyrus Bentley, and Stanley McCormick. A faculty had been gathered and the school started on the north side of Chicago. A site had been purchased at a cost of four hundred and twenty-five thousand dollars. Plans for a building had been prepared by James Gamble Rogers, a large amount of material purchased for its erection, and addi- tional funds of five hundred thousand dollars had been con- tributed by Mrs. Elaine as an endowment. At this stage of the enterprise Mrs. Elaine and the other trustees, concluding that their views and hopes for the Institute could be more certainly and more fully realized if it were placed in immediate connec- tion with the University, took measures to bring about such a connection. After much negotiation, the real estate and endow- ments, valued at one million dollars, together with the school as then organized, were made over to the University. The budget of the school under the new management provided for an expendi- ture at the beginning of one hundred and seven thousand dollars a year. The University was also to provide a site and erect a building satisfactory to the trustees of the Institute. The Trustees