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CHAPTER ELEVEN
1993–1994
To Dream with One Eye Open
No person’s circle is self-contained and individual. No one is self-made. We are not, any
of us, merely single persons. We live many lives. Our circles are not one. They are many.
The circles of our lives yield stories told in both tragedy and comedy. Not all our ­
endings are happy, but some are wonderful indeed. Live in that spirit, and the circle of
your life will be blessed and a blessing.
Thomas K. Hearn Jr., May 16, 1994;
Charge to the Graduates, Wake Forest University
Ifocused
n the tenth year of his administration, President Hearn issued a report, To Dream
with One Eye Open, a title inspired by philosopher George Santayana. The report
on the importance to Wake Forest of its Judeo-Christian/Baptist heri-
tage, tradition of democracy, and commitment to liberal education while forging a
new voluntary and fraternal relationship with the Baptist State Convention of North
Carolina. Wake Forest had become a national institution, a college in size but a uni-
versity in scope. Its small student body promoted strong, highly productive student/
faculty interactions. Physically, a $65 million building program had increased the
Reynolda Campus space by more than one-third. Total investments had grown from
$170 million in 1983 to $550 million, and the endowment was the fortieth largest in
the country. At the Medical School, total space had more than doubled, and applica-
tions had risen nearly 50 percent. It ranked among the top thirty-five medical schools
in funding awarded by the National Institutes of Health.
For the seventh consecutive year, U.S. News & World Report named Wake Forest
the top regional university in the South in the “America’s Best Colleges” issue, award-
ing the University top marks in academic reputation, student selectivity, financial
resources, and faculty resources. For the fourth consecutive year, Money magazine
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