Page:A History of the University of Chicago by Thomas Wakefield Goodspeed.djvu/471

 SOME IMPORTANT EVENTS 415 instructor, having worked in perfect harmony with the faculties for fifteen years as Head Dean or Acting President, and having fully demonstrated his abilities as an organizer and administrator, President Judson was fitted in an eminent degree for the position he was called upon to fill. From the first he carried his great respon- sibilities with apparent ease and with pronounced success. The work moved forward without friction, as naturally and success- fully as though there had been no break in the administration. Funds flowed into the treasury in unprecedented sums. The number of students continued to increase, so that in the ten years of President Judson's administration covered by this history the annual enrolment nearly doubled, going from less than five thou- sand to more than eight thousand. New departments of instruc- tion were established, investigation was encouraged, teaching gifts were recognized, the entrance requirements were better adjusted to the work of the high schools, and radical measures were taken to raise the standard of scholarship. New buildings continued to adorn the quadrangles, many blocks were added to the grounds, and the business of the University was conducted with prudence and efficiency. The growth of the University during President Judson's administration is vividly shown by the following comparisons : On January i, 1906, the total assets of the University were.. $18,114,466.33 On January i, 1916, they had grown to 38,948,036.45 an increase of 115 per cent The total cost of buildings and grounds on January i, 1906, was 7,183,845.27 On January i, 1916, the total cost was 11,414,925. 95 an increase of 58 per cent The budget of operating expenses of the University for the year ending June 30, 1906, was 1,220,206. 25 For the year 1915-16 it was estimated at not less than 1,824,192.00 an increase of 49 per cent The increase in the number of students also kept pace with the increase in the material resources of the University. For the year 1904-5 the total enrolment was 4,598 In 1915-16 it was estimated at not less than 8,560 an increase of 86 per cent