The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-11

parcels. with the exception of the vine
yard and stock farms and the land
necessary for their maintenance, and
the brandy at Vina, of which Senator
Stanford never sold gallon, is still
going to Europe and elsewhere in i'm
mense quantities.
| The estate is nearly neady for dis
| tribution, except for three claims that
| are pending. One is a suit of $4,000,
Involving a horse, which is pending on
appeal, and another is suit for $1,000,
brought lately by a Palo Alto book
seller, who asserts some sort of a con-
tract about supplying books to the
university
The other claim is the 5000. 900
claim against the Stanford estate
which Attorney General Olney has pre-
sented on behalf of the government TO
Mrs. Stanford, as executrix.
This suit is an annoyance to Mrs.
Stanford, because so long as it is I'M
settled it will prevent her from spend
! ing a dollar of theNestate in behalf OF
the university.
This claim the executrix has repudia-
tied. The estate will be tied up as long
as the claim is pending. The Stanford
attorneys are doing what they can to
Iexpedite settlement. They are urging
Acknowledgement Olney to begin and
push his suit, and have said they would
waive all objections based on technic-
alities which might otherwise delay a
trial of the issues on its merits for
years and until the claim is fully due.
But small portion of the alleged in
ldebtedness will fall due in January,
1885, when the first of the mortgage
bonds are payable The rest will fall
due in several successive years there
latter. 1t has been question with Mr..
IOlney as to his power to bring suit be-
fore the whole Indebtedness is due.
Mrs. Stanford has been arranging to
begin large operations at Palo Alto
next spring. The present quadrangle
and the few brick buildings in its rear
lare but the nucleus of the great groups
lof buildings planned by Senator Stan
ford, and his plans are to be carried
out without change. The present quad
rangle is to be enclosed by a larger and
still more handsome one, and several
groups of buildings are to flank it.
The plans for early enlargement of
1.-THE institution include a large amount
of new apparatus, the early purchase
iof $4,000 books, the employment of a
great many new professors and instruc-
tors and the opening of new depart
ments
The plans for the future as settled
upon include a conservatory of music
which will be equal to anything in
America, the equipment of a great art
school, departments of professional in
lstructions, etc.
Mrs. Stanford has stated that all of
her property and all of the estate willed
to her by Senator Stanford is, with the
exception Of a few comparatively small
requests, to go to the university, and
THAT when the estate comes into her
private possession it will be used for
the University during her life as it will
be after her death. There is an ample
Income to keep the university going at
its present cost of about $780, 900 year.
The estate of which she is executrix
was appraised at $4,000 600. This in
cludes the bequest of 81, 500, 900 to the
university and that of $500, 600 to Thorn
as Walter Stanford, of Australia, which
has been turned over to the university
by Mrs. Stanford. The university can
get nothing from these requests until
distribution is made
AS soon as distribution is effected the
Stanford university will at once have
added to its available income the in
come of s17000.000. It will from that
time have practically the income of the
lentire Stanford fortune, which in times
of ordinary prosperity would exceed, it
is stated on good authority, 15OO, 900 a.
year. Its income will be three times
that of Harvard, the richest of Amer
lean universities, and greater than that
Of the university of Berlin.