Consider the fund-raising literature from the "George Washington University Movement": Letter 1 | Letter 2 | Donation Form. What kind of people were the campaigners trying to appeal to in their fund-raising drive? (For a hint, revisit the University Bulletin)
Check out the Board of Trustees Minutes from November 16, 1904 where the new University seal and colors were voted upon. Aside from the obvious reason of honoring their namesake, what other reasons would the trustees have had for choosing these colors and images to represent the University?