(NOTE: The latest "Nebraska History This Week" link was unavailable last week, so we offer this piece written for the Lincoln Journal Star by Jim McKee.)
"Financing and building the finest university west of the Missouri River"
Establishing and financing the University of Nebraska began even
before its charter was approved in 1869, as many legislators and a few
educators questioned its cost and even the need for its existence. Within a few
years, however, the value to the state became apparent to the legislature and
regents, leading to what was to be known as the university’s golden years.
Through the 20th century, the school’s top ratings rose and
fell, often around statewide economic fluctuations. Now, in the first quarter
of the 21st century the financing of the university is again being questioned
as politics and money seem to dominate discussion of the institution.
The initial funding of NU traces to the 1862 Morrill Act, which
granted federal lands to territories and states in order that universities
might be established to “channel upward mobility and the democratic ideal of
equal opportunity.”
Introduced as Senate File 86, the bill to create the university
was sent to the Education Committee headed by Charles Gere, was passed through
both houses of the legislature with “not a single negative vote” and signed by
Gov. David Butler on Feb. 15, 1869.
The university ultimately received 136,000 acres of federal land
with its financing supplemented by a mill levy.
The governor appointed a Board of Regents to oversee the
university, including three ex officio members -- which included the governor
-- to serve six-year terms. Not until 1877 were the Regents elected.
On June 5, 1869, 105 Lincoln lots were sold for $30,000 to
partially pay for the construction of University Hall which, although beset by
large overruns, was not originally intended to exceed $100,000 in cost.
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| Allen Richardson Benton |
The regents proceeded to hire the first chancellor and faculty.
Because they had no experience or clear idea of what these salaries should be,
one source says they decided to pay an equal amount as offered by Harvard
University. To that end the regents offered the chancellorship to Rev. Allen
Richardson Benton (shown at right) at an annual salary of $5,000. Benton, then president of
Mount Union College in Ohio, had been paid $1,200 in Ohio, so it is of little
surprise that he accepted. Each regent then proposed a potential faculty member
who would receive $2,000 annually and a principal for the Latin School at
$1,000. Benton, amazingly, said the offer to him was excessive and at his
suggestion, began his tenure at a salary of $4,000.
Although another name was first proferred, Benton received a unanimous vote as the first Chancellor of the University of Nebraska. Benton, who was not only chancellor but also professor of intellection and moral science, lived on the northwest corner of 12th and H streets.






