The University of Chicago, now known as the Old University of Chicago, was a Baptist college founded in 1857 by Stephen Douglas. It eventually failed in 1886, and was succeeded by the present University of Chicago, created with funds from John D. Rockefeller. Its small number of alumni were later recognized by the current University of Chicago.
Its physical plant was felled by a fire, and a lone remaining stone from its edifice has since been implanted into the wall of the arch between Classics building and Wieboldt Hall on the current University’s main quadrangle.
The institution known as the Old University of Chicago was originally established as the University of Chicago in 1856 on a 10-acre (40,000 m2) tract of land donated by Senator Stephen A. Douglas. Founded as a Baptist school, the University faced great financial difficulties throughout its short history and was forced to close in 1886. In its early years from its founding in 1857 to 1869 it benefited from the oversight of Trustee James Hutchinson Woodworth who also served as Treasurer. Woodworth was a former Chicago Mayor and at the time of his service as Trustee was also the President of the Treasury Bank of Chicago. The institution’s precarious financial position was sustained due to the efforts of Douglas, Woodworth and others, but that limited financial stability deteriorated rapidly after the untimely death of Woodworth in 1869.
At the final meeting of its Board of Trustees in 1890, the group officially changed the name of the institution to the Old University of Chicago so that the new Rockefeller-financed Baptist school, then being organized, could exist as a completely separate legal entity, thereby assuming the title of the University of Chicago.
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