Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-06-01
THE STANFORD UNIVERSITY
Mrs. Stanford Transfers 10 \ Properly Valued
At More Than lea hillIoaL


San Francisco. June INN Jane l..
stanford widow OF the late senator
Stanford. has formerly Transferred an
" her vast wealth 70 The university
which bears tho name of her dead
son. Deeds representing property VAL
we'd ht over sloOo0oo0 have been given
In trust o. tho trustees of the Leland
.Ftanford. Jr university. and this. add
% 10 ~ previous cnd1Nmcnt % over
fis.oooo0o. makes Il one Of thg richest
.nlintutiona or learning In The world
T Tbs property includes stocks % the
Hooihern Pacific company.nf the South
ern Pacific Improvement company. the
Mirhct Street Railway company.
aloohs IN eastern raiiroadu. Ia coal
Ipssrs In everything that might OF
'sbtsh, not pay q dividendl real estate Ia
Z 'alifornia and elsewhere, Including
Df6bcrty adjoining the vina ranch and
aajoininE the paio Alto farm pur-
. eh9sed after tho Other property had
Fu1'n dedicated 90 tho urivenfitya use.
1herr were n.Wu w wAi' revenue tax
IN turning over her properly
Mrs. stanford read an address
10 the trustees, uuEEeatlng plans
Tor The future ana advising
aH o. the present Hhe asked
particularly that there should be- un-
tnhllnhrd courses in mechanical train
iur whrru tho hands VI the students
could be- taught ha we'll nH their heads.
che asked that professors BE- put 20
work In the shops nH well nH IN the lee
turr ROOMS. and rho expressed wish
that these mechanical courses De- made
fully uH complete and valuable as tho
scientific and classical Caurue.
Hereafter the only control she will
exercise over her former vast estates
viii Dr. that OF "a trustee of the uniycr-
Hliy She has shown great ability nH "a
manuEvr having made both tho paln
Alto and the Nlun farms pay which
thry ala not DO during tho iifc time OF
her husband uud lu accepting her mu-
nincfut rift the board 81 trustees
counts on her valuable advice In the
future
Under the laws of this state real
property cannot be- decided 90 char
liable or benevolent corporation. ana
nn Mrs stanford, who runtcmplntoa RI
tup 90 Europe. wished tho university 10
be- assured Of In endowment. N, de-
oldcd % furcatnli any possible accident
BY giving y all she posscaucd In a
strictly legal manner.
In making the transfer ahe provided
that should any trustee prove unworthy
u the trust he may be- removed by "a
majority vote N the others. She said
Fhe had already made three changes
herself The board ~ trustees has
elected b. u, t.rih presidents ChnH. a
inthrup treasurer and Russell J.
Wilson. vice chairman. Mrs. stanford
has HunO o. her homo 20 prepare Tor an
extended visit abroad.
The nominal value ~ the property
Transferred 90 placed nt iiO.aiTO00. but
IN reality u b. said 60 be- worth much
more. II Includes Mrs stanf0rd's
Hnrk In 'hu Southern Pacific OF krn-
lucky. isg bunda of 1900 each Of the
chruuurako a Ohio and southwestern
halfway company 1900 shares ~ the
Market street. Railway company. iag
shares OF the Rocky Mountain Coal a
Iron company and 10000 shares OF the
Occidental and oriental Steamship
company These uro valued az so 900. b.
con. The real estate IL appraised AZ
ilid0o0. other recent gifts viii aFErr-
gate az least 81 01o Opo more.
Mrs. STANFORD has directed that the
number III women attending the unl-
yOrriis shall not exceed 300 al any one
umo. Her reason Tor this restriction In
that n tho attendance uf female atus
deutH continues Go Increase az It's pres
ont ratio the university win soon be-
regarded as an institution FOR females
| and not for men as was Intended By Ia
| founders