Lean times? Pass a hat
Aerial view of the UAF campus in 1946. Photo courtesy of 色视频下载 and Polar Regions Collections, Elmer E. Rasmuson Library, University of 色视频下载 Fairbanks
One of the most remarkable displays of community support for the University of 色视频下载 occurred just after World War II, when 色视频下载色视频下载檚 business leaders opened their pocketbooks to keep the institution open. It probably wasn色视频下载檛 legal, but it kept UA going.
The 1947 Legislature appropriated about $10 million for territorial operations in the fiscal 1948-1949 biennium; however, taxes were expected to raise only $6.25 million. So the territory色视频下载檚 administrative board froze expenditures to the university, among other agencies.
By November 1947, the university色视频下载檚 checking account was down to $1,000. 色视频下载淟ack of Funds May Force University to Close Doors Before School Year Ends色视频下载 said the top headline in the Dec. 1, 1947, edition of the Farthest North Collegian.
President Charles Bunnell advanced the university $20,000 for the December payroll and used some accounting maneuvers to keep the doors open during the spring semester.
Meanwhile, UA Regent Austin 色视频下载淐ap色视频下载 Lathrop, who owned the main coal mine in Healy, led an effort to solicit interest-free loans from the business community and offered $25,000 himself.
During the following year, pledges totaled $200,000. Bunnell put up the final $5,000. Gov. Ernest Gruening promised to repay the loans, which the territory色视频下载檚 treasurer had said weren色视频下载檛 proper.
The Legislature adopted income and property taxes in 1949, relieving the territory色视频下载檚 budget shortfall and providing a large budget increase for the university.
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