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 Decennial Publications 
 
 THE UNIVERSITY PRESS 
 
The Decennial Publications 
 
 FIRST SERIES 
 
 Two volumes of Reports and eight Volumes of Investigations, the latter consisting - of a collec- 
 tion of articles representing the eareh of the 'several departments of the Univer- 
 sity. Size, quarto"; 
 
 Volume I. The 'President's Report. A. Administration. 
 
 Volume II. The President's Report. B. Publications of the Members of the University. 
 
 HI. Part 1.- -Systematic Theolog,- Church History. Practical Theology. 
 Part 2. - Philosophy, Education. 
 
 Volume TV 
 
 Political Science, History. Socioh 
 
 Volume V. Semitic Languages and Literatures. Biblical and Patristic C 
 Religion. • ■ : ... 
 
 Volume VL G*eek Language and Literature, Latin Language and Literature, Sanskrit 
 Indo-Europ larative Philology; Classical Archaeology. 
 
 Volume VII. Romance Languages ami Literatures, Germanic I. 
 English, Literature in English. 
 
 md Literature 
 
 Volume VIII. Astronomy and Astrophysics. 
 
 Volume IX. Mathematics. Physi, s. Chemistry, Geology. 
 
 Volume X. ZoOlog'y, Anatomy, Physiology, Neurology, Botany, Pathology. Bacteriology! 
 
 SECOND SERIES 
 
 A series of volumes embodying original research, consisting 1 of systematic treatises, unpublisl 
 documents, and the like. Size, octavo. 
 
 UNIVERSITY OF ILLINOIS 
 LIBRARY 
 
 HOOK CLASS VOLUME 
 
THE UNIVERSITY OF CHICAGO 
 
 FOUNDED BY JOHN D. ROCKEFELLER 
 
 The Decennial Publications 
 
 THE UNIVERSITY PRESS 
 
 PRINTED FROiM VOLUME I 
 
 CHICAGO 
 
 THE UNIVERSITY OF CHICAGO PRESS 
 
 1904 
 
F sjj 
 
 THE UNIVERSITY PRESS 
 
 '/'<> the President of the University : 
 
 Sir: I submit herewith a report on the University Press for the ten years ending June 
 30, 1902: 
 
 I. ORIGIN AND ORGANIZATION 
 
 In the development of a great institution of learning publication of the literary and 
 scientific contributions of members of the teaching staff has always been fraught with grave 
 problems, because of the difficulty in securing adequate financial assistance to carry on even the 
 more important undertakings. The experience of those engaged in the task of securing funds for 
 educational purposes uniformly has been that it is vastly more easy to interest capital in a 
 building needed for a college or university than it is to secure support for the endowment of 
 instruction; and the question of making available to students in general the results of scientific 
 research has been equally serious. As a consequence, much scientific material in America has 
 remained unpublished, because it has not been possible to interest capital in the development 
 of a business organization adequate to place scientific books and periodicals in the regular 
 trade channels with profit. 
 
 The idea of a press controlled by a university was first worked out in England, and the 
 great example of what may be accomplished is found at Oxford, where a mammoth institution 
 has grown up, its origin dating back to the fifteenth century. In its scope it covers the entire 
 field of printing and publishing. The varied processes of engraving, lithographing, printing, 
 etc., are conducted, printing materials manufactured, and the finished product distributed or 
 sold. In America, however, the idea has been slow of development and until very recently the 
 scientific output of our institutions of learning has been left to commercial houses under 
 uncertain and changing arrangements. 
 
 That a University Press should form an integral part of the University of Chicago was 
 prominent in the minds of the founders at an early stage in the organization of the institution. 
 The possibility of combining the large volume of miscellaneous printing required by such an 
 institution with the work of issuing its several scientific periodicals already undertaken 
 furnished a foundation on which to build. From this beginning it was hoped that it might be 
 possible to develop an organization which would care both for the circulation of its 
 magazines and for the distribution of the official documents of the University, as well as for 
 the sale of books and pamphlets, the publication of which was in contemplation. No published 
 plans, however, are found for this work prior to the opening of the University in 1892. In the 
 announcement of the several Bulletins bearing on the organization of the University of Chicago 
 one was to be devoted to The University Press, but the document was never issued, and the 
 first outline in printed form of an organization is found in a collation of the statutes of the 
 University, bearing date of June 27, 1893, 1 embodying the actions of the Trustees prior thereto. 
 At the close of the fiscal year 1892-93 plans of organization had been adopted which recog- 
 nized The University Press as one of the five Divisions of the University, with separate 
 departments of Manufacturing, Publication, Purchase, and Ketail. Provision was made for 
 the general management to be in the hands of a Director, with a Board of Administration 
 appointed from the University Faculties. While plans were being matured for the opening 
 
 ^Annual Register of the University of Chicago, 1892-93, pp. 3-8. 
 
 291 
 
 r 
 
 1335! 
 
292 The President's Report 
 
 of the University, its bulletins and miscellaneous announcements 2 were parceled out to 
 various commercial printing firms, generally bearing, however, the imprint of " The University 
 of Chicago Press." 
 
 The earliest recommendation looking toward the organization of The University Press was 
 made April 11, 1892, when a communication was presented to the Board of Trustees from 
 Messrs. D. C. Heath & Co., of Boston, outlining a plan of co-operation between the University 
 of Chicago and a printing and publishing house to be incorporated on a separate basis, the 
 same to be known as The University of Chicago Press. The proposition contemplated that the 
 new corporation should provide a printing plant adequately equipped, a bookstore at the 
 University, and an organization for the purchase of library books, and laboratory supplies and 
 equipment. It was further stipulated that the new corporation should be the exclusive agent 
 of the University in all matters of printing, publishing, and purchasing. At a meeting of the 
 Board of Trustees of the University held May 17, 1892, the proposition was accepted, and a 
 contract based thereon was authorized and afterward duly executed between the parties, its 
 agreements being made effective from and after July 1, 1892, The University of Chicago Press 
 in the meantime having been incorporated under the laws of the state of Illinois. Business was 
 conducted under this agreement until July 1, 1894, at which time, by mutual consent, the 
 contract was canceled as of that date, and the transactions thereafter were conducted by the 
 University as its directly administered University Press, its imprint continuing to be " The 
 University of Chicago Press." 
 
 II. SCOPE AND MANAGEMENT 
 I. PERIOD OF PRIVATE OWNERSHIP (1892-93 AND 1893-94) 
 
 During the first fiscal year the administrative organization was as follows: Director — 
 Daniel C. Heath; members of the Board of Administration — President William R. Harper, 
 Chainnan; Recorder Charles R. Henderson, Secretary; and Messrs. Eri B. Hulbert, J. Laurence 
 Laughlin, Henry H. Donaldson, Ira M. Price, and Francis A. Blackburn. 
 
 During the first year special attention was given to the organization of the manufacturing 
 plant and to the retail sale of books and stationery. The operations of the manufacturing 
 plant were conducted in connection with the firm of R. R. Donnelley & Sons Co., at 144 Monroe 
 street, and temporary quarters for the Purchase and Retail Department were provided in Cobb 
 Lecture Hall, Fifty -eighth street and Ellis avenue. 
 
 At the beginning of the second year, July 1, 1893, Director Heath found it impossible to 
 continue his active connection with the affairs of The University Press, and Mr. Charles W. 
 Chase was appointed Vice-Director. The Administrative Board, with the exception of the 
 Recorder, who was succeeded by Mr. Howard B. Grose, was continued. 
 
 During the first half of the second year, with the increasing volume of business, it became 
 apparent that the plans which had been made for carrying on the manufacturing interests 
 were inadequate. From the editorial standpoint it was found to be a great inconvenience 
 to have the mechanical department so far from the University, and, looking into the 
 future, it was evident that The University Press, as an institution, could not be successfully 
 operated without closer contact with the University itself. The situation was presented to the 
 Board of Trustees by its Committee on Organization and Faculties January 30, 1894. After a 
 discussion extending over several weeks, a new proposition was made and accepted by the 
 Board of Trustees April 3, 1894, providing for the purchase of the equipment and stock of The 
 University of Chicago Press and for the termination of its business as a private corporation. 
 
 2 All documents issued prior to July 1, 1892, are now out of priut. 
 
The University Press 293 
 
 Pending organization under the direct control of the University, the affairs were in the hands 
 of a special committee composed of Messrs. William R. Harper, Henry A. Rust, and Edward 
 Goodman. 
 
 II. TERIOD OF UNIVERSITY OWNERSHIP (1894-95 TO 1901-2) 
 
 The assumption of financial responsibility on the part of the University resulted in an 
 enlargement of the field of activities anticipated by few of those interested in the undertaking 
 early in its inception. The manufacturing plant, which consisted largely of body type, with a 
 small job equipment, was transferred from the down-town district to the University Quad- 
 rangles and located in the temporary gymnasium and library building near the corner of Fifty- 
 seventh street and Lexington avenue. As occasion demanded, the equipment was increased, 
 so that in a short time all composition was done at first hand. 
 
 Mr. Charles W. Chase was advanced from the position of Vice-Director to that of Director, 
 dating from July 1, 1894, which position he held for the succeeding two years. The personnel 
 of the Administrative Board during this period was as follows: President William R. Harper, 
 Chairman; Recorder Howard B. Grose, Secretary; and Messrs. Eri B. Hulbert, J. Laurence 
 Laughlin, Henry H. Donaldson, Ira M. Price, and Francis A. Blackburn. Recorder Howard B. 
 Grose, as Secretary of the Board, was succeeded by Mr. George S. Goodspeed during 1894-95. 
 The field of the Purchase and Retail Department was enlarged, and special attention was given 
 to the method of procuring library books. 
 
 In the spring of 1896 Director Chase was obliged by ill-health to resign his position, and 
 was succeeded by Mr. Hazlitt Alva Cuppy. During Mr. Cuppy's administration, which 
 extended over the fiscal year 1896-97 and a portion of the following year, the lines of work 
 already organized were developed, special efforts being given toward increasing the circulation 
 of the several departmental journals which had been established. Under Mr. Cuppy's guid- 
 ance a substantial advertising patronage was secured, which has since enjoyed material increase. 
 With the enlarging field of the journals it was found necessary to provide more adequate office 
 room, and administrative quarters were assigned to The University Press in the Hull Botanical 
 Laboratory, near the corner- of Fifty-seventh street and Lexington avenue. 
 
 During the year 1896-97 the Administrative Board was made up as follows: President 
 William R. Harper, Chairman; Recorder George S. Goodspeed, Secretary; and Messrs. Hazlitt 
 Alva Cuppy, J. Laurence Laughlin, Thomas C. Chamberlin, John M. Coulter, Albion W. Small, 
 George E. Hale, Charles H. Thurber, Eri B. Hulbert, Henry H. Donaldson, Francis A. Black- 
 burn, Ira M. Price, and Ernst Freund. The enlargement of the Board was brought about by 
 the increase in the number of departmental journals. The membership remained the same 
 during 1897-98 and 1898-99, with the one change in the Directorship of The Press. 
 
 In the spring of 1898 Mr. Cuppy resigned his position as Director of The University Press, 
 and was succeeded by Mr. Ned Arden Flood, who held the position until January, 1900. Dur- 
 ing Mr. Flood's connection with The Press special attention was given to perfecting the details 
 of the various lines of organization, with emphasis on a revision of the system of accounting. A 
 representative was employed whose entire time was given to the interests of the advertising 
 department of the several journals, and it may be said that the faithful work of Mr. Flood 
 opened the field for the more extensive enterprises which have since been undertaken. In 
 January, 1900, Mr. Flood was succeeded by the present Director. Since that time attention 
 has been given especially to the publishing interests of The Press, to perfecting the system of 
 purchasing laboratory supplies and equipment, and to the differentiation of the various lines 
 of work operating on separate bases. 
 
 In the spring of 1900 several members of the Administrative Board resigned, making new 
 appointments necessary. Since July 1, 1900, the Board has been constituted as follows: 
 
294 
 
 The President's Report 
 
 President William R. Harper, Chairman; the Recorder, ex officio, as Secretary; the Director of 
 The University Press, ex officio; and Messrs. Thomas C. Chamberlin, John M. Coulter, 
 J. Laurence Laughlin, Albion W. Small, George E. Hale, Shailer Mathews, George E. Vincent, 
 James R. Angell, Ernst Freund, and Francis W. Shepardson. 
 
 III. DEVELOPMENT OP THE WORK 
 I. GENERAL 
 
 Before entering upon a detailed statement of the operations of the several departments of 
 The University Press, as they exist at the present time, it will be of interest to survey the 
 results of the work for the ten years as a whole. 
 
 Brief mention has been made above of the plans developed under private control during 
 the first two years of the University's existence. The expenses to the University of the opera- 
 tions of the period amounted to $104,523.72. The income from appropriations and receipts 
 amounted to $94,243.55, which left a deficit of $10,280.17. During this time very little attention 
 was given to the development of a publishing organization. The routine printing of the Uni- 
 versity, and other manufacturing interests, together with the collection of the subscriptions of 
 five periodicals, which had been undertaken, and the purchasing of library books and labora- 
 tory supplies and equipment, employed the energies of those engaged in the work. It was left 
 for the management under University control to solve the difficult problems of publishing which 
 must be the ultimate aim of a University Press. 
 
 At the beginning of the third year, July 1, 1894, when the University assumed ownership 
 of The University Press, the valuation of its properties was estimated at about $19,000. This 
 included the plant of the mechanical department, a stock of books and stationery, and the 
 publication rights in the few books and journals which had been undertaken. Under the 
 new conditions the work of the next two years was largely experimental, as had been that of 
 the first two years, and, as may have been expected, the operations were conducted at a financial 
 loss. 
 
 The years 1896-97 and 1897-98 mark a development in organization, but while great 
 advance was made in effectiveness, financial conditions did not improve. At the close of the 
 year 1898-99 the expenses had reached $167,290.95, with receipts amounting to $162,955.84, 
 leaving a deficit for the single year of $4,335.11. At this point the adoption of certain econo- 
 mies in operation brought about a marked improvement in the financial showing for the first 
 half of the next year, with the result that the year ending June 30, 1900, showed a net gain of 
 $2,553.12, the receipts for the period being $167,907.47, with expenses amounting to $165,354.35. 
 Since that date it has been possible to maintain a creditable financial record, and the year 
 ending June 30, 1902, resulted in a net gain of $3,685.16. The volume of business was consid- 
 erable, the receipts being $242,994.17, with expenses amounting to $239,309.01. 
 
 The following comparative statement will be of interest as showing the volume of business 
 and financial outcome for the past four years : 
 
 Year 
 
 Receipts 
 
 Expenses 
 
 Results 
 
 1898-1899 
 
 1899-1900 
 
 1900-1901 
 
 1901-1902 
 
 $162,955.84 
 167,907.47 
 158,681.80 
 242,994.17 
 
 $167,290.95 
 165,454.35 
 157,512.06 
 239,309.01 
 
 $4,335.11 loss 
 2,453.12 gain 
 1,169.74 gain 
 3,685.16 gain 
 
The University Press 295 
 
 The status of the business as a whole may be ascertained from the following statements 
 
 for the fiscal year ending June 30, 1902: 
 
 TABLE II 
 Expenses and Earnings foe the Year Ending June 30, 1902 
 
 Expenses : 
 
 Inventory June 30, 1901 $ 19,773.58 
 
 Work in progress June 30, 1901 ' 2,844.36 
 
 Manufacturing plant depreciation - 1,169.08 
 
 Purchases, stock, merchandise, equipment, etc. 136,968 10 
 
 Pay-roll 35,641.86 
 
 General expense 41,880.79 
 
 Rent 625.14 
 
 Repairs 140.00 
 
 Heat 256.10 
 
 Gain 3,685.16 
 
 Earnings: 
 
 From University Journals $36,978.72 
 
 From University Departments 108,284.94 
 
 Inventory work in progress 6,362 . 89 
 
 From sundry accounts 63,449.07 
 
 Inventories merchandise and stock 27,908.55 
 
 $242,984.17 $242,984.17 
 TABLE 111 
 Assets and Liabilities June 30, 1902 
 
 Assets: 
 
 Cash $ 1,330.73 
 
 Inventory stock, Retail Department - 13,708.21 
 
 Manufacturing Department 10,521.77 
 
 Inventory stock, Manufacturing Department 2,621.99 
 
 Inventory work in progress, Manufacturing Department ... - 6,362.89 
 
 Furniture 797.74 
 
 Inventory stock, Publishing Department 11,578.35 
 
 Chicago Post-Office deposit 200.00 
 
 Accounts receivable 15,363.80 
 
 Liabilities: 
 
 The University of Chicago 3 $62,485.48 
 
 $62,485.48 $62,485.48 
 
 It is natural to expect iu developing any new business undertaking that satisfactory 
 organization will be reached only through a series of readjustments. This has been especially 
 true in the history of The University Press, and definite policy, so far as it exists at present, is 
 the result of experience. Authority for the existing management of affairs is found in the 
 Constitution, which is a formulation of enactments of the Board of Trustees. The document 
 is intended as a guide in conducting the business and has been constructed to meet conditions 
 as they have arisen. The text of the Constitution is as follows: 
 
 ARTICLE I 
 
 1. The general organization of the work of The University of Chicago Press shall be as follows: 
 A. Manufacturing Department. 
 To include: 
 
 a) Composition and press work at first hand. 
 
 b) Composition and press work at second hand. 
 
 c) The manufacturing of books, stationery, etc. 
 
 d) Purchase of stock, supplies, and necessary additions to plant. 
 
 3 In an independent business the account known as The University of Chicago would be divided in Capital, Profit 
 and Loss, and Accounts Payable. 
 
296 The President's Report 
 
 B. The Publication Department. 
 To include: 
 
 a) The publication of the University journals. 
 
 b) The publication of all University literature, e. g., the Register, Circular of Information, 
 etc. 
 
 c) The publication of books, pamphlets, etc. 
 
 d) The publication of books, pamphlets, or periodicals for others. 
 
 C. Purchase and Retail Department. 
 To include: 
 
 a) The purchase and sale of books for the retail trade. 
 
 6) The purchase and delivery of books for the general and departmental libraries. 
 
 c) The purchase and delivery of stationery and supplies for the offices and Departments of 
 the University. 
 
 d) The purchase and delivery of permanent laboratory equipment, specimens, etc., and of cur- 
 rent laboratory supplies. 
 
 ARTICLE II 
 
 1. All orders and purchases fulling within the scope of Article I shall be made in the name of the 
 University of Chicago. 
 
 2. All assistants and employees necessary for carrying on the work as specified in Article I and as 
 indicated in Schedules A, B, C, and D, attached hereto, shall be employed by the Director with the 
 consent and approval of the President of the University. 
 
 ARTICLE III 
 
 1. The following regulations shall be established for the conduct of the Manufacturing Department : 
 
 A. It shall be understood, for all work involving expense to the University, that a special appro- 
 priation shall be made covering the cost of the same, and that no copy shall be accepted or 
 work undertaken to be charged to any department that is not accompanied by the proper 
 requisition, which requisition shall be signed by the Secretary of the University and shall 
 state specifically the Department or appropriation to which the job of work is to be charged. 
 
 B. For all University work a separate bill for each job shall be given indicating to which Depart- 
 ment it is to be charged. 
 
 C. The price of work on all jobs shall be reckoned to include (a) the actual cost of the same, (b) 
 the salaries of the superintendent and bookkeeper of the Manufacturing Department, after 
 which 18 per cent, shall be added to the work actually done in connection with the Press 
 plant (8 per cent, of the same being the proportionate percentage of the 40 per cent, of the gen- 
 eral salaries and 10 per cent, of the same being for the maintenance of the Manufacturing 
 Department), and further that 10 per cent, be added to the outside cost on each job (8 per 
 cent, being the proportionate percentage of the general salaries and 2 per cent, for general 
 expense). 
 
 D. A finished copy of every job shall be preserved in the office of The Press, and every job shall 
 bear an office number. 
 
 E. Contracts for presswork, binding, etc., shall be made upon a basis of bids submitted to the 
 Director. 
 
 F. The wages of compositors and other workmen in this department shall be paid weekly. 
 
 G. Of the general salaries as per Schedule A, hereunto attached, 40 per cent, shall bo charged to 
 this Department, together with all the special salaries of the superintendent and bookkeeper 
 of the Manufacturing Department, and 10 per cent, of the bill clerk. 
 
 H. A monthly report of the business shall be submitted to the President of the University. 
 
 ARTICLE IV 
 
 1. The following regulations shall be established for the conduct of the Publication Department : 
 A. It shall be understood that this department shall be responsible for the business management 
 of the various University journals and for diligent and active efforts, in connection with the 
 editors of the same, to increaso the circulation and advertising patronage of each ; and further 
 
The University Press 297 
 
 
 that this department shall be responsible for the business management of all publication enter- 
 prises which may bo entered into from timo to time. 
 
 B. Copyrights shall be procured by the Director in the name of the University of Chicago. 
 
 C. Of the general salaries as per Schedule A, hereunto attached, 40 per cent, together with the 
 salaries of the subscription clerks and advertising representatives, and 10 per cent, of the sal- 
 ary of the bill clerk shall be charged to this department. 
 
 D. A monthly report of the business shall be submitted to the President of the University. 
 
 article v 
 1. The following regulations shall be established for the conduct of the Purchase and Retail 
 Department : 
 
 A. The Director shall have authority to order such books, stationery, supplies and equipment as 
 in his judgment are needed from time to time to supply the retail trade. 
 
 B. In general the selling price of books to the retail trade shall be 12 per cent, above the cost 
 price, the latter to include transportation charges. 
 
 C. Purchases to be charged to any department of the University shall be made in accordance with 
 regulations specified from time to time, and it shall be understood that books for the general 
 and departmental libraries, and equipment and supplies for the laboratories, and supplies for 
 the offices and various departments, shall be billed at an increase of 5 per cent, over the cost 
 price, the latter to include transportation charges. 
 
 D. Of the general salaries as per Schedule A, hereunto attached, together with the salary of the 
 chief clerk of the Purchase and Retail Department, and all other special salaries as per Schedule 
 D, hereunto attached, and 20 per cent, of the salary of the bill clerk, shall be charged to this 
 department. 
 
 E. A monthly report of the business shall be submitted to the President of the University. 
 
 GENERAL AND SPECIAL SALARIES 
 
 Schedule A 
 (General Salaries) 
 The Director. First stenographer. 
 
 Head bookkeeper. Second stenographer. 
 
 Assistant bookkeeper. Shipping and mailing clerk. 
 
 Schedule R 
 (Special Manufacturing Department Salaries) 
 Superintendent. Bill clerk, 10 per cent. 
 
 Record keeper. Foreman and the regular weekly pay-roll of 
 
 plant employees. 
 Schedule C 
 (Special Publication Department Salaries) 
 Subscription clerks. Bill clerk, 10 per cent. 
 
 Advertising representatives. 
 
 Schedule D 
 (Special Retail and Purchase Department Salaries) 
 Chief clerk. Bill clerk, 10 per cent. 
 
 Assistant clerk. Foreign periodical expert. 
 
 Messenger. Purchasing agent for laboratory supplies and 
 
 equipment. 
 
 II. MANUFACTURING DEPARTMENT 
 The valuation of the equipment of the Manufacturing Department July 1, 1894, amounted 
 to $12,364.65. Subsequent purchases made to June 30, 1902, brought the total amount of the 
 expenditures up to $20,732.23. Deductions were made during the time to profit and loss on 
 
298 The President's Repoet 
 
 account of depreciation, etc., so that at the close of the decennium the inventory shows a net 
 valuation of $10,521.77. The equipment is represented largely in the composing-room, where a 
 most complete outfit has been collected. The main dress of the body letter is old style, 
 the fonts of different sizes approximating the following weights: 12 point, 1,000 pounds; 
 11 point, 8,000 pounds; 10 point, 10,000 pounds; 9 point, 2,000 pounds; 8 point, 3,000 
 pounds, and 6 point, 3,000 pounds. In addition should be mentioned a smaller dress 
 of modern body type, amounting, in the aggregate of the several sizes, to about 8,000 pounds. 
 The plant is provided also with large fonts of Greek in five sizes, Hebrew in two sizes, Nesto- 
 rian Syriac, Arabic, Ethiopic, etc., and with many special mathematical, astronomical, paleo- 
 graphic, and linguistic signs and accents. Through the latter means The University Press has 
 made a record for its ability to produce work impossible in almost any other printing plant in 
 the West. Preparatory to executing the mechanical work in connection with the Decennial 
 Publications of the University, plans are being made to lay the foundation for a complete dress 
 of modern body type, and sufficient quantities have been purchased to meet the immediate 
 needs of the work. 
 
 The following statements show the operations of the Department since the responsibility 
 for the same was assumed by the University : 
 
 TABLE IV 
 
 Statement of Original Cost of Manufacturing Plant and Additions Thereto 
 
 1894, May 15, Original purchase ---------- 812,364.69 
 
 May 15 to June 30, 1894 ------- 387.79 
 
 Fiscal year 1894-1895 ... 494.83 
 
 " 1895-1896 ---------- 1,585.66 
 
 " 1896-1897 ----------- 1,514.37 
 
 " 1897-1898 ---------- 1,062.09 
 
 " 1898-1899 ----------- 713.92 
 
 " 1899-1900 ---------- 448.85 
 
 " 1900-1901 ----- 224.98 
 
 " 1901-1902 ---------- 1,935.05 
 
 Deductions : 
 
 By charge to "profit and loss" account depreciation: 
 
 June 30, 1899 - $1,812.33 
 
 " 1900 ------------ 1,675.98 
 
 " 1901 -------- 1,083.98 
 
 " 1902 ------------ 1,169.08 
 
 By charge to capital account June 30, 1901 - 4,469.09 
 
 820,732.23 
 
 810,210.46 
 1902, June 30, inventory 810,521.77 
 
 TABLE V 
 
 Statement of Printing Stock on Hand and Work in Progress July 1 Each Year 
 
 1894, July 1, inventory - 8 845.84 
 
 1895 " " 3,422.91 
 
 6,598.60 
 1897 " " 6,899.07 
 
 1900 
 1901 
 
 12,024.34 
 9,041.86 
 
 13,264.72 
 5,187.30 
 
 1902 " " 8,829.27 
 
The University Pres 
 
 299 
 
 TABLE VI 
 Summary of Profit and Loss 
 
 Period 
 
 Profit 
 
 Loss 
 
 May 15, 1894, to June 30, 1895 
 
 $1,405.21 
 2,296.95 
 
 ' 276.44 
 1,156.88 
 
 $2,414.49 
 
 Fiscal year 1895-1896 
 
 2,251.09 
 
 " " 1896-1897 
 
 
 " " 1897 1898 . . . 
 
 
 " 1898-1899 
 
 3,906.40 
 
 " " 1899 1900 . . . 
 
 9.14 
 
 " 1900-1901 
 
 
 " 1901-1902 
 
 
 
 
 Total 
 
 $5,135.48 
 
 $8,581.12 
 
 
 
 Net loss 
 
 3,445.64 
 
 
 
 
 TABLE VII 
 Statement of Receipts, Expenses and Results, 1900-1 and 1901-2 
 
 Year 
 
 Receipts 
 
 Expenses 
 
 Results 
 
 1900-1901 
 
 $68,045.87 
 90,543.93 
 
 $67,769.43 
 89,387.05 
 
 $ 276.44 gain 
 1,156.88 " 
 
 1901-1902 
 
 
 
 III. PUBLICATION DEPARTMENT 
 
 Prior to July 1, 1900, no attempt had been made toward the establishment of a Publication 
 Department on a separate basis. Sales had been carried on through the Purchase and Ketail 
 Department, but the arrangement was found to be extremely unsatisfactory. During the year 
 1900-1901 the publication business, as such, was divorced from the Purchase and Retail Depart- 
 ment and put under separate management. The wisdom of this procedure has been demon- 
 strated, and it is believed, with the plans which are now being followed, that the Department will 
 become one of the most important lines of activity yet entered upon. While the financial 
 gain of the past two years has not been great, it shows the possibilities which lie in the field 
 of the Department. It must always be true that much of the material published by a 
 University Press will not be self-sustaining from a financial standpoint. The responsi- 
 bility for issuing publications of this sort must always rest with the University itself, and 
 the problem of The University Press will be that of distributing in the most economical 
 way. The first step in the organization of the Department was the preparation of a catalogue 
 announcing the titles of all books previously issued. This appeared February 1, 1901. Many 
 of the more recently issued books will show a profit, and it is probable that the entire 
 investment in separate books and pamphlets made up to this time can be cared for eventually 
 without financial loss to the University. 
 
 The following statement shows the output of books and pamphlets by fiscal years, begin- 
 ning July 1, 1892 : 
 
 TABLE VIII 
 1892-1893 ------ 2 1898-1899 ------ 22 
 
 1893-1894 ----- 3 1899-1900 28 
 
 1894-1895 ------ 11 1900-1901 - 28 
 
 1895-1896 ----- 8 1901-1902 ----- 40 
 
 1896-1897 ------ 31 
 
 1897-1898 ---.. 27 Total 20 ° 
 
300 The President's Report 
 
 The following conspectus of the output by allied groups will be of interest : 
 TABLE IX 
 Philosophy and Psychology -------- 10 
 
 Education ---------- 41 
 
 Theology and Religion 7 
 
 Political Economy, Political Science, and Sociology - 31 
 
 History - 7 
 
 Languages and Literatures ------ 44 
 
 Natural Sciences ------ ... 58 
 
 Miscellaneous ----- - -2 
 
 Total - - - - - - 200 
 
 A comparative statement of the financial results of the last two years is shown in the fol- 
 lowing table : 
 
 table x 
 
 Year 
 
 Receipts 
 
 Expenses 
 
 Results 
 
 1900-1901 
 
 1901-1902 
 
 8 8,861.93 
 17,862.62 
 
 $ 8,369.77 
 17,423.38 
 
 $492.16 gain 
 439.24 " 
 
 
 
 The largest undertaking yet entered upon by The University Press in connection with its 
 Publication Department is a series of volumes to be issued for the University in commemoration 
 of the completion of the first ten years of academic work. These volumes, announced as the 
 Decennial Publications of the University of Chicago, are authorized by special action of the 
 Board of Trustees, and edited by a committee of the Faculty, of which Professor Edward Capps 
 is the chairman. The plans contemplate two series of cloth-bound books; the first quarto, the 
 second octavo. The First Series includes two volumes of Reports and eight volumes of Inves- 
 tigations, the latter consisting of a collection of articles representing the work of research of the 
 several Departments of the University organized during the decennium. The Second Series 
 includes eighteen separate volumes, embodying original research and consisting of systematic 
 treatises, unpublished documents, and collections of articles on allied subjects. 
 
 Preprints from Vols. VII and IX, respectively (First Series), have recently appeared, 
 namely, " On the Text of Chaucer's Parlement of Foules," by Eleanor Prescott Hammond, and 
 "The Velocity of Light," by Professor Albert A. Michelson. The work as a whole is well 
 under way, and will probably extend over several years, involving an expenditure, including the 
 cost of manufacturing and publication, of about $75,000. The expense of the First Series will 
 probably represent a direct contribution of the University, as it is not expected that the general 
 sales of the volumes will be large. The books of the Second Series, however, in almost every 
 instance, have a special constituency to which they appeal, and the sales of these are expected 
 to reimburse the University for a large portion of the total expenditure involved in carrying out 
 the plans. 
 
 An important line of work connected with the Publication Department lies in the field of 
 the departmental periodicals. These journals have formed one of the chief features of the 
 Press from the beginning, the aggregate number of pages in all having averaged about eight 
 thousand per year. The work includes at present the management of the subscription and 
 advertising departments of ten periodicals and one quarterly magazine published on contract. 
 
 During the first fiscal year publication of the following journals was undertaken : the 
 Journal of Political Economy, the Journal of Geology, the American Journal of Semitic 
 Languages and Literatures (continuing Hebraica), the Biblical World, and the University 
 
The University Press 
 
 301 
 
 Extension World. The list was continued during the second year, 1893-94, and during 1894-95 
 the American Journal of Sociology and the Astrophysical Journal were established. During 
 this year the University Extension World was discontinued. In 1895 96 publication of the 
 School Revieiv, the Botanical Gazette, and the American Journal of Theology was inaugu- 
 rated, together with Terrestrial Magnetism, which was published for one year. Since that 
 date the list of journals has remained the same, with the addition of a series of " Constructive 
 Bible Studies" which was issued during 1899-1900. During this year the publication of the 
 Manual Training Magazine, a quarterly, was assumed on contract. 
 
 While allowances for meeting the expenses of the journals have been liberal, it has been 
 found impossible, with the enlarging scope, to keep them within their several appropriations, 
 and in this connection it is to be said that The University Press has contributed materially 
 toward the administrative support of the journals, aside from carrying its other financial bur- 
 dens. The following figures will be of interest in this connection: 
 
 Year 
 
 Appropriation 
 
 Cost 
 
 Overcharge 
 
 Receipts 
 
 Excess Cost over 
 Receipts 
 
 1898-1899 
 
 $38,600.00 
 40,100.00 
 39,600.00 
 41,100.00 
 
 $40,671.92 
 40,673.73 
 42,403.04 
 46,358.92 
 
 $2,071.92 
 
 573.73 
 
 2,803.04 
 
 5,258.92 
 
 $17,815.42 
 17,670.01 
 23,795.82 
 24,136.38 
 
 $22,856.50 
 
 1899-1900 
 
 1900-1901 
 
 1901-1902 
 
 23,003.72 
 18,607.22 
 22,222.54 
 
 
 Aside from the activities, already noted, of the Publication Department, the handling of 
 University Extension Syllabi, Reading Lists, Tracts, Circulars, etc., has formed an important 
 feature of the business. The j:>ublications of the University Extension Division now number 
 more than one hundred and fifty titles, and the work connected therewith has to do with the 
 care of the stock, the shipping of syllabi on special orders to University Extension lecture 
 centers, the collection of all moneys due, etc. 
 
 Another important feature is the handling of all official documents of the University. 
 This list now includes the miscellaneous circulars and departmental programs, the President's 
 Report, the Annual Register, the University Record, the Weekly Calendar, the Bulletin of 
 Information, the Circular of Information, and the Announcements. 
 
 The President's Report has been published in two volumes as follows: 
 
 TABLE XII 
 
 1897-98 - - - - viii + 261 pages 
 
 1898-99 - xl + 224 " 
 
 The Annual Register has been published as follows: 
 
 TABLE XIII 
 
 1892-93 - - - - - - vii + 244; 
 
 1893-94 - - - - - - vii + 315 
 
 1894-95 - - - vii + 399 
 
 1895-96 - - - - - - vii + 440 
 
 1896-97 - - - - - - vii + 444 
 
 1897-98 - - viii + 480 
 
 1898-99 - - viii + 501 
 
 1899-00 - - ... V iii 4- 471 
 
 1900-01 ------ viii + 490 
 
 1901-02 ------ viii + 543 
 
302 
 
 The President's Report 
 
 The University Record, edited by the Kecorder of the University, is published monthly. 
 
 The Weekly Calendar, edited by the Recorder of the University, is published forty-five 
 times a year during the scholastic sessions. 
 
 The Bulletin of Information, edited by the Recorder of the University, is published six 
 times a year. 
 
 The Circular of Information, edited by the Recorder of the University, is published five 
 times a year. 
 
 The Announcements, edited by the Recorder of the University, is published eight times 
 a year. 
 
 IV. PURCHASE AND RETAIL DEPARTMENT 
 
 Through the Purchase and Retail Department all purchases of library books and labora- 
 tory supplies and equipment, are negotiated, and stationery and office supplies for the various 
 Departments of the University are furnished. A book and stationery store for the convenience 
 of patrons is maintained, and a depository for laboratory supplies is conducted, although goods 
 are never sold through the latter agency. The following statements show the results of the 
 operations of the Department for the period covered by University control: 
 
 TABLE XIV 
 Statement op the Condition of the Stock from July 1, 1894, to July 1, 1902 
 
 July 1, 1894, inventory - - - $7,009.92 
 
 " 1895, " .... 8,410.24 
 
 " 1896, " ... . 10,450.59 
 
 " 1897, " .... 7,754.73 
 
 " 1898, " .... 9,163.94 
 
 " 1899, " .... 9,091.00 
 
 " 1900, " .... 11,550.14 
 
 " 1901, " .... 10,634.70 
 
 " 1902, " - - - 14,505.95 
 
 TABLE XV 
 Summary of Profit and Loss 
 
 Period 
 
 Profit 
 
 Loss 
 
 May 15, 1894, to June 30, 1895 
 
 81,608.78 
 3,522.29 
 
 2,868 .'71 
 
 911.46 
 
 1,718.76 
 
 
 Fiscal year, 1895-96 
 
 
 " 1896-97 
 
 " " 1897 98 . . 
 
 $4,504.49 
 694.52 
 
 " " 1898 99 . . 
 
 44.93 
 
 " 1899-00 
 
 " 1900-01 
 
 " 1901-02 
 
 
 Totals 
 
 $10,630.00 
 
 $5,243.94 
 
 Net profit 
 
 
 $5,386.06 
 
 
 The experience of the past three years demonstrates conclusively that it is possible to 
 operate the Department at a profit. Should the present arrangement be continued, however, it 
 will be; necessary for one portion of the business to contribute practically the entire administra- 
 tive support to the other line, which is distinctly different, namely, the administration of the 
 work connected with the distribution of laboratory supplies and equipment. In order that the 
 results of these two lines may be differentiated, it has been thought wise to arrange for a division 
 
The University Press 303 
 
 of the Department into two operating upon separate bases. The arrangement will provide for 
 the Retail Department, which will retain the business connected with the retailing of books and 
 stationery and the purchase of library books, and for the Laboratory Supply Department, which 
 will have charge of the purchase and distribution among the laboratories of all supplies and 
 equipment. 
 
 IV. CONCLUSION 
 
 In a report of this character many of the details which have entered into the history of the 
 organization must of necessity be omitted. It is fair to say, however, that The Press has 
 already demonstrated its value as a factor in the development of the University. Much has been 
 accomplished, and much remains to be accomplished. The generous support which has been 
 extended to the undertaking gives ground for the belief that the founders of the University 
 planned well when this feature of the new institution was provided ; and we believe that The 
 University Press is only on the threshold of its usefulness to the scholastic world. 
 
 At the close of the first decennium the management is looking forward to the fulfilment of 
 plans which will provide for the housing of the several departments under one roof. A fireproof 
 building, costing $110,000, is nearing completion at the corner of Ellis avenue and Fifty-eighth 
 street, which will eventually be devoted entirely to the interests of publishing. The basement 
 and the first and fourth floors will be occupied immediately, while the second and third floors 
 will be temporarily utilized for other University purposes. The space alloted to The Press in 
 the new structure will provide only for immediate necessities. The whole building will be 
 needed very soon to provide retail, stock, and administrative quarters, and for an enlargement 
 of the mechanical equipment, so that all manufacturing excepting photo-engraving, lithograph- 
 ing, electrotyping, and edition bookbinding may be executed. Looking into the not far distant 
 f uture, it is to be expected that all of these activities will be entered upon, together with under- 
 taking to manufacture some materials and equipments, as, for example, printing inks and, 
 possibly, founding the type needed in the work. An immediate investment to the extent of 
 $25,000 is contemplated, which amount, in addition to the present plant, will provide typesetting 
 machines and book presses of the latest invention, folding, stitching, and sewing machines for 
 book work, new dresses of job and body type, and an equipment for doing job bookbinding and 
 library repairing. 
 
 An important need of The University Press remains to be cared for, namely, a working 
 capital of sufficient magnitude to enable the management to conduct the growing business 
 without the necessity of asking credit beyond the terms ordinarily granted business houses, and 
 without embarrassment to the University budget appropriations. With a definite working 
 capital it will be possible for the affairs to be conducted at a material saving; and, with the 
 situation met and adjusted, The University Press is in a position to go on to even greater 
 things than have been accomplished in the past. 
 
 Respectfully submitted, 
 
 Newman Miller, Director. 
 
( fit if lord : 
 
 PAMPHLET BINDER 
 
UNIVERSITY OF ILLINOIS-URBANA 
 
 3 0112 111531874