that it may, therefore, be considered that the period of his service as president of the University is virtually at an end.
Personally, and as chairman of the board of trustees of the University, I have received this resignation with mixed emotions of pride and regret.
The University of Illinois is one of the greatest institutions of public higher education in the country. With its tremendous income and endowment, its student body of 14,000, and its ideals of sound scholarship and public service long representative of the best in democratic higher education in America, its presidency affords an almost unparalleled opportunity for constructive educational statesmanship. It is a unique tribute to the University of North Carolina, the South, and to Dr. Chase personally that he should have been selected from a field of eligibles representing every section of the country for this highly important position. It is indicative not only of Dr. Chase's stature in the educational world, but of the enormous progress made in higher education in the South in recent years and, in particular, of the position of national eminence and leadership attained over this period by the University of North Carolina.
Dr. Chase began his career at the University of North Carolina twenty years ago. A native of New Hampshire and a graduate of Dartmouth College, he is nevertheless peculiarly the product of the University and the State which he adopted upon his graduation from college and where he has since wrought purposefully and well as citizen, teacher, college dean, and university president.
He came into the presidency of the University of North Carolina at a difficult period. The Great War had just ended and restlessness and uncertainty pervaded the ranks of college student bodies and faculties the world over. His election almost coincided with