Scholarship, Leland Stanford, Jr., legal documents

Leland Stanford Jr. University

office of the

Treasurer and Business Manager

Stanford University, Calif Sept. 10, '07

Dr. D. S. Jordan,

Stanford University, Cal.

Dear Sir:-

I enclose herewith a copy of the Declaration of Trust creating the Leland Stanford Junior Scholarship.

Yours truly,

Chas. G. Lathrop, Manager

Per Beebe

HWB/H

KNOW ALL MEN BY THESE PRESENTS:

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:

I.

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

II.

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

not be educated, and thus to furnish the means whereby might be enabled to feed and clothe themselves. The first deposit of my dear son was made February 6th, 1877, at the age of eight years and nine months. This was $50.00 given by his father on New Year's Day, and another $50.00 given by myself on the same day and after that deposits were made of from $12.00 down to as little as $1.50. He was in the habit of doing little errands and chores. He was a great lover of dogs and had several, and these dogs were fond of bones and scattered them around the place. His father obliged him to pick up these bones, and to repair whatever damage the dogs did about the grounds, for which he was paid at the rate of twentyfive cents an hour; and for any other work that he might do he was paid at the same rate. By this means his father wished to teach him the worth of money and the advantage of earning money. This Leland kept up at our various homes until the year 1883, when we left California for Europe. His father was also in the habit of allowing him Ten Dollars per month for little necessaries, such as pencils, paper and any books he might desire to read. He had also taught him to keep a little memorandum book, and whenever he spent any money, even if only five cents, he was in the habit of putting it down in this little book, according to his father's wishes. This little book we have ever held as sacred. From this $10.00 per month spending money we found after he had gone away, that whatever was left over at the end of each month he put into the bank. From his little bankbook we learned, upon examining it after he had passed from this earth life in 1884, he had to his credit in the bank $1,145.79. This money and little bankbook I have kept in the Security Savings Bank up to the present time, and now that I am about to go away I thought something should be done with this most sacred of all that has fallen to my possession. This money now amounts to $2,236.52, and upon thinking it over seriously, trying to decide what was wisest and best to do with so sacred a trust, I concluded to add to it sufficient money to endow a free scholarship, the interest of which would pay for the clothing, board, and necessities of a student at Stanford University who could not otherwise receive an education there. This Scholarship will last as long as the University lives. I have selected a choice room at ''Encina Hall'', and have called

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it ''The Leland Stanford Junior Memorial Scholarship Room'', and I direct that this room be set apart for the exclusive use of the holder of this Scholarship and that no charge shall ever be made for the use of the same.

This is the work of my precious son, as I am endeavoring to carry out his wishes expressed to his father and me that what would have come to him, had he lived, might be given to the poor children of humanity.

III.

The holder of said Scholarship shall be a male student at said University and shall be selected and appointed for each college year by Charles G. Lathrop, my brother, during his lifetime, and after his death by the President of the said University, on the recommendation of the Committee on Students Aid. Said appointment shall last for one college year only, and each such year a new appointment must be made, but, other things being equal, one who has held the Scholarship satisfactorily for one year shall have preference for the next year. Said Scholarship shall be awarded to students of small means, due consideration being given to those of promise, and regard being had as to character, ability, and energy. If at any time during the year the holder of said Scholarship shall in the judgment of Mr. Charles G. Lathrop, or, after his death, in the judgment of said President, be deemed unworthy to hold same by reason of his failure in college work, unworthy behavior, idleness, or the acquisition of bad habits, or an account of his want of appreciation of the advantages of said Scholarship, then the award of the Scholarship to such holder may be revoked, and a new appointment made by the said Lathrop, or the said of President, as the case may be.

IV

The said Charles G Lathrop and, after his death, the said President, on receipt of the income from said Trust property, shall use the same to pay the living expenses, cost of books, fees and other necessary expenses of the holder of such Scholarship.

IN WITNESS WHEREOF I have hereunto set my hand and seal this eighth day of June, A.D. 1900. IN TRIPLICATE

(Sgd.) Jane L. Stanford.

San Francisco, Cal., June 8th, 1900.

I, Charles G. Lathrop, a resident of the County of Santa Clara, State of California, and the person referred to in annexed and foregoing Instrument creating Leland Stanford Junior Memorial Scholarship, do hereby accept the duties set forth and prescribed in the said instrument, and hereby agree to devote all funds received by me from said Union Trust Company of San Francisco from said trust property for the purposes and in the manner set forth in said Instrument. IN WITNESS WHEREOF I have hereunto set my hand and seal this eighth day of June, 1900.

(Sgd.) Chas G. Lathrop