 That year the total value of the physical plant was $19 million, compared to $2.328 million in 1947 and $175,000 in 1917.The university's budget for 1965 totaled $6 million, which funded 25 academic departments offering 69 undergraduate majors and 30 specializations for master's degrees.After President James G. Gee retired in 1966, he was replaced by D. Whitney Halladay, a native Californian who was educated at Claremont College and Columbia University.