University of Miami

Hotel in Coral Gables. Partitions separated the classrooms, giving the university the early but long since discarded nickname Cardboard College.
In 1929, University of Miami founding member William E. Walsh and other members of the university's board of regents resigned following the widespread collapse of Florida's economy. The university's plight was so severe that students went door to door in Coral Gables collecting funds to keep it open. A reconstituted ten-member board chaired by the university's first president Bowman Foster Ashe included Merrick, David Fairchild, James Cash Penney, and others. In 1930, several faculty members and more than 60 students entered the University of Miami when the University of Havana closed amidst political unrest in Cuba. While helpful to the University of Miami's early development, it still was not enough, and the university was forced to seek bankruptcy protection two years later, in 1932.
The troubles, however, were short-lived. In July 1934, the University of Miami was …