Library of Congress, Prints & Photographs Division, reproduction LC-USZ62-62747
Franklin Buchanan (1800-1874) was president from 1868 to 1869. A native of
Baltimore, Buchanan had been the first superintendent of the United States
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.