and a tangerine bowl
other compelling needs. Admittedly, the cost would be high: an
immediate one-time allocation by the Trustees of $700,000, and
an addition thereafter of $800,000 to the school’s annual budget.
The Trustees promised to study seriously the law school commit-
tee’s report and, showing particular concern for law’s top priority,
authorized a transfer to the law library of $150,000 from the bud-
get of the undergraduate college.
The administration and the Trustees continued to reflect upon
the best way to solve the structural problems created by the Babcock
School’s perceived need for accreditation. Not willing either to ignore
accreditation or to abandon the undergraduate business major or
to merge the undergraduate programs into the Babcock School, the
central administration proposed that the undergraduate business
school be reconstructed as a separate entity—separate, that is, both
from the Babcock School and from the College. It would have its own
dean, it would not undergo any major changes in size or budget,
and, like the Babcock School, it would enter the process of accredi-
tation. The Trustees approved this plan in principle and authorized
steps that would be necessary for implementation, including con-
versations with representatives from the two business programs.
Meanwhile, Frank Schilagi, the Dean of the Babcock School,
submitted his resignation in order to enter private business in
Winston-Salem. Associate Dean Bernard L. Beatty served as Acting
Dean for the remainder of the school year and was then succeeded
by Edward L. Felton Jr. (B.A., University of Richmond; B.D., South-
eastern Baptist Theological Seminary; M.B.A., D.B.A., Harvard
University), Visiting Professor at the Darden Graduate School of
Business at the University of Virginia. Felton was the fourth dean
of the Babcock School in a period of less than a decade.
In spite of prolonged internal tensions and numerous adminis-
trative changes, the Babcock School continued to achieve favorable
attention from the business community, as indicated by two gifts
of $150,000 each, one for the Gordon Hanes Library Fund and an-
other from the Broyhill Foundation of Lenoir for the Broyhill Ex-
ecutive Lecture Series.
The College also received gifts of enduring importance and value.
In honor of former Wake Forest Dean of the College William C.
Archie, who had served as the Foundation’s executive director from
1966 to 1974 and who had died in 1979, the Mary Reynolds Babcock