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The Daily Palo Alto, Monday, March 6, 1905

Mrs. Stanford's estate valued at over five million dollars

The last will of Mrs. Jane Lathrop Stanford was filed for probate in San Jose Saturday afternoon. The will in general fulfills the expectations of those who have been awaiting its probation. The value of the estate as disclosed by the contents of the will is between five and six million dollars. Of this, $3,125,000 is bequeathed outright to relatives, charitable institutions and members of the Stanford household. The residue is left to the University. The relatives of Senator Stanford were not rewarded at all, as expected by many, and several other close friends of Mrs. Stanford were not made beneficiaries. The [instrument?] was drawn July 23, 1903, by Wilson & Wilson of San Fransisco. Charles Gardner Lathrop, Russell J. Wilson, Timothy Hopkins, Joseph D. Grant, [Whitelaw?] Reid and T.G. Crothers are named as executors, to serve without bonds. The full text of the will follows:

In the name of God, Amen: I, Jane Lathrop Stanford of the county of Santa Clara, State of California, widow of Leland Stanford, deceased, being of sound and disposing mind and memory, and mindful of the uncertainty of life, do make, publish anddeclare this to be my last will and testament, in manner following, that is to say:

I give and bequeath to the Union Trust Company of San Fransisco, a corporation organized and existing under the laws of he State of California the sum of two million ($2,000,000) dollars, to have and to hold the same in trust for the following uses and purposes, that is to say:

(a) I authorize, empower and direct said trustee to invest said sum of two million ($2,000,000) dollars in first-class bonds, or other securities, as it may deem best and to pay over, at regular intervals, the net income arising from one million dollars thereof to my brother, Ariel Lathrop of Albany, New York, for and during the term of his natural life, and upon his death (as he has no children or descendants) this trust shall [cease?] and determine as to one-half of said trust property, that is to say, as to the one million dollars thereof, and the said sum of the property in which it may be invested shall belong to and be delivered to his relatives as follows, viz: One-half thereof to his brother Charles Gardner Lathrop, and the other one-half thereof to the descendant of his deceased brother, [David?] Shields Lathrop, in the proportion of one-third to his daughter, Jennie L. Lawton; and one-third to his daughter, Amy Gardner [Ramsey?] and the remaining one-third [be?] equal [shares?] to Daniel S. Gunning and Amy L. Gunning, the children of Christine L. Gunning the deceased daughter of Daniel Shields Lathrop, deceased.

(b) To pay over at regular intervals to my niece, the said Jennie L. Lawton, the full one-third of the net income arising from one million dollars, the other one-half of said trust fund for and during the term of her natural life and upon her death this trust shall cease, and determine as to one-third of said one million dollars, and the said one-third of said one million dollars shall belong to and be delivered to the child or children of said Jennie Lawton.

(c)To pay over at regular intervals to my niece, the said Amy L Hansen, the full one-third of the net income arising from said one million dollars, being one-half of said trust fund, for and during the term of her natural life, and upon her death this trust shall cease, and determine as to one-third of said one million dollars, and the said one-third of said one million dollars shall belong to and be delivered to the child or children of said Amy L. Hansen.

(d) To pay ever, one-half to each at regular intervals, to said Daniel S. [Cunning?]

The last will of Mrs. Jane Lathrop Stanford was filed for probate in San Jose Saturday afternoon. The will in general fulfills the expectations of those who have been awaiting its probation. The value of the estate as disclosed by the contents of the will is between five and six million dollars. Of this, $3,125,000 is bequeathed outright to relatives, charitable institutions and members of the Stanford household. The residue is left to the University. Therelatives of Senator Stanford were not rewarded at all, as expected by many, and several other close friends of Mrs. Stanford were not made beneficiaries. The