348 THE HISTORY OF WAKE FOREST COLLEGE
When it is finally worked out, he said, "I think that both the college
and the convention will develop more fruitfully, more vitally, and
each will be able to do a better job."
Hill said that the trustees had no plan before them and had drawn up
no timetable but that the college was at "a milestone of growth and
development" which made a new relationship with the convention
necessary. He said it would not entail separation. "I choose to think of
this possible new relationship as a `covenant relationship'-as a matter
of agreement between two parties with neither bound irrevocably to a
situation that would be hampering to either in the future."
Tribble also used that forum to express his views on federal aid as it
might apply to Wake Forest. He said:
I am convinced that the college should enter into a cooperative
relationship that will enable it to participate in funds provided by
government, whether the governments be local or state or federal.
I am convinced also that all church agencies, even our local churches, are
already participating in situations that bring government financial advantage
to these agencies or churches, so that it is just a matter of persuading our
people that consistency in following a principle will bring us to the point
where we can judge on its merits the value of each government's program of
assistance.
With Tribble's retirement decision the college compiled figures
encapsulating the achievements of the institution during his
presidency. These were some of them: total assets rose from
$10,454,000 in 1950 to $91,267,900 in 1966; the budget increased
from $1,573,111 to $13,587,000; the library budget went from
$40,710 to $552,000 and its holdings from 109,092 books to 369,767.
Faculty salaries were increased two-and-one-half times, and the
number of faculty members holding the doctorate rose from 40
percent to 70 percent. Even with tightened admission standards,
enrollment jumped from 1,750 to more than 3,000. Graduate studies
were resumed, the first black students were admitted, and the honors
and Asian Studies programs were initiated.
Chairman Hill estimated that in the sixteen years $30 million had
been raised for Wake Forest, and he said that Dr. Tribble "was in-
volved in much of it."
As the news of the president's resignation spread across the campus
and the state, there was a wave of expressions of appreciation
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