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GIFTS OF MILLIONS

Mrs. Stanford Transfers Stocks,
Bonds and Real Estate to
Stanford University

San Francisco, Cal., Dec. 10. -- Mrs.
Jane L. Stanford has transferred to the
trustees of Stanford university $18,000,-
000 in bonds and stocks and redeemed to
that institution property valued at $12,-
000,000.

The deeds of gift executed by Mrs.
Stanford do not affect her control of
that institution during her lifetime. The
total of her endowment is said to be three
times greater than was ever before
given by one individual to educational
purposes in the history of the world. It
includes interest-bearing stocks and bonds
of the highest class, conservatively ap-
praised at $18,000,000, and mostly bought
with the following estimated possessions
of two years ago: Two hundred and
eighty-five thousand shares Southern Pa-
cific stock at $40 a share, $11,400,000;
10,000 shares Central Pacific stock at
$25 a share, $250,000; 10,000 shares Cen-
tral pacific stock at $57 a share, $570,-
000; Market Street Railway stock, $1,-
500,000; one-fourth interest in Pacific
Improvement company, $7,000,000. To-
tal, $20,700,000. Real estate in twenty-
six counties aggregating about 100,000
acres of land valued at $12,000,000.

One deed transfers the bonds and
stocks to the university and provides that
nothing shall alienate them. Upon this
gift the annual income at 3 per cent. will
not be less than $540,000. From the real
estate the income is probably not over
$250,000. This real estate includes the
great Vera ranch of 52,000 acres in Te-
hama county on which the grapes are
converted into brandy. The vineyard
covers 3500 acres, and is the largest in
the world.

--Includes Ranches and Mines--
Another big property is the Gridley
ranch of 35,000 acres, also in Tehama
county, which is mostly in wheat. Other
properties are in twenty-six counties of
California, and represent ranches, mines,
etc.

The grounds of the university proper
include 9000 acres, and besides the spa-
cious grounds around the buildings they
include a vineyard, orchard and other
ranch properties.

A third deed transfers Mrs. Stanford's
home on Nob Hill to the university. It
was thought she would retain this prop-
erty until her death, but she declared she
wished to make her gift complete. This
fine house is superbly decorated and fur-
nished and is worth $400,000. This will
eventually be converted into an art gal-
lery and museum.

Has Millions Left

Despite these big gifts Mrs. Stanford
has retained property worth several mil-
lions, so that she will be able to provide
for many charities and to make a few
bequests to relatives and friends. Her
great ambition now is to push the uni-
versity buildings to completion. Many
men are now at work on the memorial
chapel, which is to be the finest of all
the structures. Four other buildings are
now going up and plans are being drawn
for a great model gymnasium.

Stanford university stands as one of
the two great educational institutions
west of the Missouri river. With Cali-
fornia it ranks in efficiency and scope
with Michigan, Wisconsin, Chicago,
Pennsylvania and Cornell, and possibly
exceeds any of them in financial backing.

Since the university first opened its
doors, October 1, 1891, it has received
about 4000 matriculated students from
all parts of the world and has conferred
degrees upon 1200. Instruction at the
university is free.