Jane Lathrop Stanford Papers

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Scholarship, Leland Stanford, Jr., legal documents

Untitled Page 2

Untitled Page 2


That I, Jane L. Stanford, widow of Leland Stanford, deceased, of Palo Alto, County of Santa Clara, State of California, do hereby create and establish a Scholarship at the Leland Stanford Junior University, situated at Palo Alto, County of Santa Clara, State of California, upon the following terms and conditions, that is to say:


The said Scholarship shall, in memory of my beloved son, be known, as and called the ''LELAND STANFORD JUNIOR MEMORIAL SCHOLARSHIP".


For the support of such Scholarship, I have given in trust to the Union Trust Company of San Francisco, a corporation, the following personal property, that is to say:

Six (6) first mortgage five per cent. bonds of the Galveston, Harrisburg & San Antonio Railway Company of Texas, (Mexican & Pacific Extension), Numbers 535 to 540, both inclusive, principal due 1931, interest payable May 1st and November 1st of each year, coupons 39 to 100, both inclusive, attached, said bonds being of the par value of one thousand dollars each; the net income, interest and revenue from which said Trust property said Union Trust Company of San Francisco is to pay over, for the support of said Scholarship, in the manner provided in a certain instrument of even date herewith transferring to it, said Union Trust Company of San Francisco, the said personal property, in trust for purposes designated. The funds with which said bonds were purchased are the savings and earnings of my beloved son from an early date until he passed away on May 14th, 1884, and what I have added in order to make the fund sufficient to establish the Scholarship.

This Scholarship originated in my mind as a fitting and sacred disposal of my dear son's little sum, which he had deposited with the Security Savings Bank, San Francisco, and in accordance with his expressed wish to his father only a few hours before he passed away from his life, which was to this effect -- "live for humanity's sake; live to feed the hungry, clothe the naked.'' His father concluded that the best way to do this was to educate the sons and daughters of the very poor, who otherwise would

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