| the history of wake forest
again—not to approach the Convention at its annual meeting but
rather to continue to study “the advisability of appealing for a lim-
ited number of Trustees who would be chosen from outside the
present geographical and denominational restrictions”: a goal that
the Trustees, still all North Carolina Baptists, hoped to reach as
soon as possible.
One reason that more liberal requirements for trusteeship
seemed especially important at this time was that the University
was beginning to put into place a fund-raising campaign looking
toward the 1984 Sesquicentennial. Partly because some University
spokesmen found “sesquicentennial” a difficult word to say, the
campaign was labeled the One Fifty Fund. The centerpiece of the
campaign was the building of the Fine Arts Center, but endow-
ment needs were also to be stressed.
In the fall of 1972 the architects for the Fine Arts Center pre-
sented their cost estimates at about $5,400,000: 2.3 million for the-
atre, 1.6 million for art, and 1.5 million for music. The approximate
size of the Center was to be 105,000 square feet. It was decided that
speech, with its subsidiaries of radio, television, and film, would
not be included. It was also decided that music would not be in-
cluded in the first phase of the building program. Thus only 3.9
million (for theatre and art) would be part of the priority efforts
of the One Fifty Fund. Additional money—$4,690,000—would be
sought as endowment for the College (3.2 million), the School of
Law ($500,000), and the Babcock Graduate School of Management
($500,000). $490,000 was also to be designated for renovation of
the Library and Wingate Hall.
Albert Butler, president of the Arista Information Systems of
Winston-Salem, was named general chairman of the campaign.
Appointed to the “advisory cabinet” were Smith Bagley, chairman
of the Board of Directors of the Washington Group; M.C. Benton,
chairman of the Board of Directors of Hennis Freight Lines;
Thomas H. Davis, president of Piedmont Aviation; Ralph Hanes,
chairman of the Executive Committee of Hanes Dye and Finish-
ing; Colin Stokes, president of R.J. Reynolds Industries; and John
F. Watlington, Jr., chairman of the board of Wachovia Corporation.
It was much commented on that, of these seven men, only two
(Davis and Stokes) were then eligible, under Convention rules,
to serve as Wake Forest Trustees.