University of Virginia Library

Financial Disaster

Concerning finances Mr. Whitebread stated.
"Today we see the financial disaster besetting
our private institutions. . . the economic facts
may dictate that publicly founded institutions
will be the model of excellence in education in
the future."

The speaker recommended the preservation
of a balance between in-state and out-of-state
students in order to maintain the University s
status as an outstanding national institution.

Mr. Whitebread concluded "The next five
years will see the flowering of this institution; if
we pursue architectural planning, residential
patterns, faculty recruitment and support, and
diversity of student body with a conscious
concern for preserving and expanding both the
humanity and excellence of this University we
can see the founder's dream fulfilled."