Post World War I Expansion
From GWUEncyc
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The school gradually demonstrated its new fiscal policy: rigid control allowing slow growth. Capitalizing on the vast numbers of federal bureaucrats and other white-collar workers desirous of continuing their education, the school's enrollment increased and hence, so did its income. Indeed, Stockton's 1910 Formula calling for "modest quarters, low maintenance, and double use of quarters and equipment by day and late afternoon students for the time made possible the impossible." Between 1912 and 1919, surplus funds were used to gradually, deplete the debt on 2023 G Street, and to acquire small pieces of property that expanded the campus. In 1913, land adjacent to the north of 2023 provided quarters for a mechanical engineering laboratory in a reconstructed building at the middle of the square. In 1914, one of the two mortgages on 2023 as paid off in full, and the adjacent property (and house) on the west at 2025 was purchased. In 1915, two more lots were acquired in Square 102 as was the property at 2017 G Street. In 1917, an additional $3,000 was applied to reduce the mortgage on 2023 and $2,000 was used to establish an Endowment, Restoration, and Accretion Fund to restore principal funds spent prior to1910. This slow garnering of property resulted in the acquisition of a sizable portion of the south side of Square 102.
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Author or Source: Application for Historic Buildings Registry/RG0031; Kayser, Bricks Without Straw, p.311
Document Location: University Archives
Date Added to Encyclopedia: December 21, 2006
Prepared by: G. David Anderson, University Archivist and Historian
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