Jane Lathrop Stanford Papers

Hotel Toyon On the Santa Cruz Mountains A Place of Rest

Wrights, California, May 11 1889

Dr. D.S. Jordan Stanford

My Dear Sir: I am sorry that Frank troubled you about a lease of a plat on the campus, because the matter is not yet far enough along to justify it.

The facts are that now that the children have all left us Ms. Adams and myself do not find it agreeable to live here. We want young people about to make a noise and trouble us.

We shall therefore lease this place and build a new home. We like the University atmosphere and to have young people about. As we have furnished five students for Stanford, we naturally think of that and I asked Frank to find out whether we could lease anything there, within a comfortable walk of the University. I do not want a city lot any where, but, if possible,

STANFORD UNIVERSITY FUND

THIRTY MILLION DOLLARS

Mrs. Jane L. Stanford Gives Valuable Property to the Leland Stanford, Jr., University, and Will Have a Few Million Left for Heirs - Gifts Accepted.

San Francisco, Dec. 11. - Mrs. Jane L. Stanford has executed and delivered to the board of trustees of the Leland Stanford, Jr. university, two deeds of grant and one deed of gift. One of the deeds of grant covers all of the real estate heretofore given to the university, including the university campus of about 9000 acres. The other deed of grant covers the Stanford residence upon California Street, which is eventually to be used for educational purposes.

The deed of gift covers bonds and stocks heretofore given and certain securities not included in former grants. The grants are confirmatory in character and are made under the provisions of the Stanford university constitutional amendment, which legalized grants and gifts made to the university. This amendment was adopted in order to set at rest any question as to the validity of the original endowment and to prevent legal technicalities from interfering with future donations to this educational institution, which was founded by Mr. and Mrs. Stanford as a memorial to their only son.

The deeds delivered practically cover the grants made in the original endowment, which, however, is more than doubled in value, chiefly owing to the remarkable business ability displayed by Mrs. Stanford in the management of the vast interest left in her charge by the death of her husband. By these grants she has conveyed to the Leland Stanford, Jr., university, for the benefit of the people of California, about $18,000,000 in stocks and bonds, $10,000,000 to $12,000,000 in real estate, including the university buildings and equipments. All of the bonds are first mortgage and the stocks, with scarcely an exception, are what are known as gilt edge securities.

F. F. Lieb of San Jose, president of the board of directors, received the deeds on behalf of the board, and also took formal possession of the bonds and other personal property. Messrs. Charles G. Lathrop, Joseph D. Grant and Timothy Hopkins, resident trustees, were also present. The legal features of the donation were conducted by Mrs. Stanford's attorneys, Crothers & Crothers.

Notwithstanding that she has now given the equivalent of over $25,000,000 to the Leland Stanford, Jr., university, making it one of the richest institutions of the kind in the world, Mrs. Stanford has not impoverished herself, but is understood to still retain several millions for her personal use and to provide for the various members of her family. It is believed that the amount of her endowment to the university, which she aided in founding, exceeds in amount any similar gift in history.

4 Iowa Circle,

Washington, D. C.

a Building here, on our University site, to be called "The Stanford Memorial Hall," and the Professorship connected with it to be endowed. It might be called The Stanford Memorial Hall of Christian Archaeology, or History, or Science of Government. This has long been in my mind, and, I know not why, but very recently more than ever. I do not know how it is to be brought about — but I must think it will be done.

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

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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