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On January 11, 1895, the Presidents of several schools met in a preliminary meeting and formed a group which would become the Intercollegiate Conference of Faculty Representatives, known today as the Big Ten Conference.:14
As a result of this emerging conference, this season would be Minnesota's last season as an Independent. Minnesota won its first ever match with Chicago with a last minute touchdown to win a very close, physical game by a score of 10-6.:26 Financially, the team rebounded from some lean years. They "secured a large subscription from the business men of the city, the attendance at all of the games was good, and at the close of the season there was a large surplus in the treasury.":26