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The Manhattan Press-Clipping Bureau ARTHUR CASSOT, PROPRIETOR No. 2 WEST 14TH STREET, NEW YORK.

MRS. SANFORD GIVES $30,000,000 TO UNIVERSITY

Carries Out Her Husband's Wishes and Transfers Great Property

San Francisco, Cal., Monday. — Mrs. Jane L. Stanford to-day tranferred to Leland Stanford, Jr., University property worth approximately $30,000,000. Eighteen million is in stocks and bonds, gilt edge securities, bringing in a great revenue, while the remaining $12,000 is in real estate, comprising almost a million acres.

The real estate deeded to the university comprises much of the property originally given by Senator Stanford, the deeds conveying it being found to be illegal. Among the most important items in the real estate

transfer is the great Vina ranch of 50,000 acres, another tract of more than 30,000 acres and the home ranch of 9,000 acres, at Palo Alto, which constitutes the university campus. The real estate lies in twenty-six counties in this State.

The securities Mrs. Stanford gives to the university consists of income bearing stocks and bonds. Most of these are the paper of the California water companies, street railroads and municipal bonds. All the bonds are first mortgage, paying good interest. The The stocks are all gilt edged, and some have more than doubled in value in the last six years.

Mrs. Stanford has proved herself an excellent financier, and most of her investments have proved highly profitable. By a separate deed Mrs. Stanford gives her home in this city and this, estimated to be worth not less than $400,000, will be converted into a museum and art gallery.

In spite of these big gifts, Mrs. Stanford still retains several million dollars with which to care for many charities and for her own private uses.

$30,000,000 GIFT TO STANFORD

SENATOR'S WIDOW COMPLETES UNIVERSITY'S ENDOWMENT

Largest Single Gift Ever Made to Institution of Learning — Bonds, Stocks, and Real Estate Included — Mrs. Stanford's Home Given — Action Taken By Her Now to Prevent a Possible Will Contest

San Francisco, Dec. 9. — Mrs. Jane L. Stanford tranferred to Stanford University to-day by deed, bonds stocks and real estate valued at $30,000,000, the largest single gift ever bestowed on any institution of learning. Of this amount $18,000,000 consists of gilt-edge bonds and stock, paying large revenue.

The real estate deeded to the university comprises much of the property originally given by Senator Stanford, the deeds of which were found to be illegal. The bonds include many securities that have doubled in value within a few years, and the accumulation of these and other stocks since the death of her husband. The real property includes no less than 900,000 acres in about twelve counties of California and comprises the great Vina Ranch of 52,000 acres.

A third deed conveys to the university Mrs. Stanford's home on the summit of Nob Hill, one of the most finely decorated houses in San Francisco, which, with the big lot, is worth $400,000. This will eventually be converted into an art gallery and museum. Despite these big gifts, Mrs. Stanford has retained property worth several millions, so that she will be able to provide for many charities.

The gift places Stanford University in the first financial rank among the great universities of the world, and will enable it to carry out many projected improvements. Stanford University stands to-day as one of the two great educational institutions west of the Missouri. With the University of California it ranks in effciency and scope with Michigan, Chicago, Pennsylvania and Cornell universities and possibly exceeds any of them in financial backing.

Mrs. Stanford's purpose in turning over $18,000,000 directly to the trustees of the institution instead of holding the bonds in trust until her death was probably to avoid any possible will contest.

[Letterheaded] The Manhattan Press Clipping Bureau, ARTHUR CASSOT, MANAGER.

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NEW YORK, Dec'r 10 1901. 190

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My dear Madam

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Dictated.