On January 10, 1899, Charles Roy Atkinson, Clarence Arthur Mayer, James Carson McNutt, Joseph Lorenzo Settles, and Owen Ison Truitt met at 504 East Locust Street in Bloomington, Illinois to draw up the first constitution for a new fraternity at Illinois Wesleyan University. The purpose of the new organization was to be an "aid to college men in mental, moral and social development". The founders sought to be a different organization than the other fraternities at the time by establishing a fraternity where membership would be based on personal worth and character rather than wealth, rank, or honor. Mental development would be emphasized by the study of classic literature at weekly meetings, and thus the new fraternity became known as the Knights of Classic Lore. The first public announcement of the Knights of Classic Lore appeared in the February 1, 1899 issue of the "Argus", which is the student publication of Illinois Wesleyan University.