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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 and declare this to be my Last Will and Testament, in manner following, that is to say:

I.

I give and bequeath to the UNION TRUST COMPANY OF SAN FRANCISCO, a corporation organized and existing under the laws of the Stae 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 one million dollars thereof, and the said sum or the property in which it may be invested shall belong to and be delievered to his relatives, as follows, viz: one-half thereof to the descendants of his deceased brother Daniel Shields Lathrop in the proportions of one-third to his daughter JENNIE L. LAWTON, one-third to his daughter AMY GARDNER HANSEN, and the remaining one-third in equal shares to DANIEL S. GUNNING and AMY L. GUNNING, the children of Christine L. Gunning, the deceased daughter of Daniel Shields