their toll, and the school was forced into bankruptcy. Valparaiso University sold the Chicago College of Medicine and Surgery to Loyola University Chicago. In 1923, a fire destroyed the original 1860 Old College Building, and Valparaiso could not afford to clean the site. This was one of many financial problems Valparaiso faced in 1923, as President Horace M. Evans tried to settle a $375,000 debt. Evans appealed to the Rockefeller Foundation and other wealthy individuals before asking the Indiana state legislature to make the university public. The legislature refused, and Evans almost sold the university to the Ku Klux Klan, but the deal was stopped due to "legal technicalities", likely cited to save face for both organizations.
Valparaiso University was eventually bought by the Lutheran University Association, a conglomerate of the National Lutheran Education Alliance and American Luther League.
=== Lutheran revival ===
In July 1925, the Lutheran University Association, affiliated with the Lutheran Church–Missouri …
