New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-22

the most significant revelation Of the great weak
ness Which he concealed from every one was IiS
inability TO deliver the founders address at the
recent commencement exercises Of Stanford nj
vorsity Probably Senator Stanford could nave
ncroa sed his strength and added TO his years had
lie agreed 10 use ,tmulants, but he aohorred
liuor Of ell kinds and world never tourh
whlckoy while at thirty he gave up smoking on
the advice of specialist, who warned MN 'iaS
il would add Fat to his system. His complant
had never been diagnosed, but his death was due
to heart failure.
Senator Srantord's death will have practically
no effect on the Southern Pacific Company, the
pre- idency of which two years ago he yielded .
70 C. T. Huntingdon nor will it affect the
Leland Stanford jr, University, which has now
inst closed it, second year OF tho railroad
company Stanford had practically resigned aa
active management for several years. ami his In
forests are 80 arranged that his death will have
no moro influence than did thar of Mark Hop
kinS OF Stanford's share in the railroad II Is
impossible to speak with accuracy hut no u
Thought 70 have held az his death fulv one1uarter
of the shares OF the company. The University
j. protected by a deei of trust, executed on
November II. 1889. Jointly by Senator and
Mrs sanford II was framed that Senator
stanford, at any time during his life,
could amend the provisions OF the deed.
but at his death the trustees
were 10 have supreme control. Among the trustees
are Justice Stephen J Field. United States SEN
ator Stewart. of Nevada: United States District
Judge B.ebv. of OREGON: Colonel Charles F.
Crockcr. Timothy Hopkins. Irving NJ Scott, and
other representative men of large weilth and
unhlomished reputation.
The property which the Senator decided to tho
university includes some of the most valuable
ranches in the state estimated to be worth in all
- 900 900 II comprises the county seat OF
| Palo Alto in the richest part of the Santa clara
Valley. where land is held az 81 900 an acre, a
tract that has 100 acres. with ia" larg" b'ednS
stables for trottcrs and thoronghbreis. The Nina
| Ranch in Johanna County. a magnificent estate
| of $4,000 acres, the chief feature of when "a
= 3.;Oo-acrr vineyard, the largest in th" world,
| and the Grley wheat ranch, OF $4,000 acres, IN
| Pu,tc County. This property, managed IN the
| Senator'S generous way. brought IN no income.
| but managed as a corporation II VIII Yield fully
| $40 OGO A year To guard against any failure OF
| revenue from these resources 1t is understood
that Senator Stanford made special provision for
| =, fund to carry the university until these
prop,rtics should pay large revenue. Tho
| buildings and equipments which he has given 10
the university are worth fully 81 .0o0 600. for he
| las spent money like water buying costly coe0-
| tions in all scientific departments and gathering
art works for the museum, which will make 10
when completed Of the greatest in the coun-
try Senator Stanford's idea was 10 c mhine men,
tai training with practical equipment for
business or professional life. His death
will be severe blow TO the young institution
| in one respect 1t will deprive the university
of his personal generosity, for when anything
was wanted the Senator didn't wait for the
| tl.- H. nlo
for what was needed lie paid President David
| : Jordan 81 10000 year: two three others
| received salaries of $1,000 $4,000 while tho
rest got about S3. 900 yearly They all received
houses and were made 20 feel al home.
Senator Stanfords holdings in san Francisco
were large His private residence on the summit
| of Mob Hill has cost, with the furnishings and
works Of art. 81 100000. AT fcr"el sale it would
| bring probably S2jO.OOO. lie owned many valu-
| able blocks of business property, well acres
of outside lands lying along the Point Lobos
| road between the city and the Cliff House.
| II is understood tina. Senator Stanford, soon
after the drafting of the University deed of
tlust. made IA will appointing three directors OF
| his estate These directors ar, Stephen /. Gage,
who has represented the Stanford interest in the
railroad company for many years Ariel Lathrop,
Mrs Stanford's brother, and Captain y. Y. Smith.
| treasurer Of the Southern Pacific Company Tho
will forms the residue Of the estate into trust.
and the first duty OF the directors after max.
| ing literal provision for Mrs. Stanford is to de-
vote the revenue of the property to the wants
Of the university. Mr.. Gage estimates that the
Stanford estate is worth $4,000, 900, and II
may go as high as S50,000,000.
The political results OF the Senator's death
cannot be predicted with any accuracy Cover.
nor Markham is in Chicago. aud under the Cali,