The Annual Catalogue of Butler University, Irvington, Ind., For the Thirty-Second Session, 1886-'87: With Announcements for 1887-'

Excerpt from The Annual Catalogue of Butler University, Irvington, Ind., For the Thirty-Second Session, 1886-‘87: With Announcements for 1887-‘88

The founding of an institution of learning of the highest grade began to be discussed as early as 1841, in the general conventions of the Christian churches in Indiana. In 1847 a definite resolution was adopted, which committed them to this work. After a full canvass of the state, in 1849, in order to ascertain the views of those interested in the undertaking, it was decided to build such an institution in Indianapolis, under the name of Northwestern Christian University.

A charter was obtained from the Legislature, both liberal and comprehensive, and fitted to promote the purposes of its projectors. The charter went into effect January 15, 1850, and the University was formally Opened November 1, 1855. The charter provides for a joint stock corporation, the shares of whose stock is fixed at one hundred dollars each; on which, when paid up, or when interest on the same is regularly paid, the stockholder receives six per cent. In tuition.

The minimum amount of stock was fixed at and the max imum at The minimum amount was obtained in about eighteen months, and then the Commissioners, under the charter, proceeded to erect a substantial building, audio-organize the various departments and courses of study.

In 1873 a proposition was made to remove the University to Irvington, a beautiful suburb of the city, and was formally accepted; and in the fall of 1875 instruction of the College classes was begun in the new building.

The change in the name of the University was made February 22, 1877, after full deliberation by the Board of Directors. They adopted the name Butler University, in honor of him who had given largely to its endowment, and who for twenty years had given a large part of his time to its interests.

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