Franklin Buchanan (1800-74) was president from 1868 to 1869. A native of Baltimore, Buchanan had been the first superintendent of the U.S. Naval Academy and the highest-ranking officer in the Confederate navy.
He reinstituted the preparatory school, reduced tuition and rehired a science professor. Enrollment rose to 61 students.
Inquiries by the trustees revealed that Buchanan had committed the institution to approximately $6,000 in debts. Shortly thereafter, he resigned and moved to Alabama to serve briefly as head of an insurance company.
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