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Show A BASE INSINUATION. . The munificent gift of Governor Stanford Stan-ford for the purpose of founding a university univer-sity has been a veritable nine day's wonder. won-der. It was so great, so generous, so noble minded, that people and papers have vied with one another in giving him praise, so that to hear any insinuations against his purposes in making the endowment en-dowment is startling. The Eureka Sentinel of the 14th inst. publishes . M'hat a California Cali-fornia lawyer say's on the subject, and what the lawyer says is an insinuation of. the basest kind. Here is his opinion : In the State of California they have a law which provides that the State can accept bequests be-quests from private individuals for certain purposes of charity or public benefit, and that such bequests when accepted are free from State taxation. Senator Stanford made this bequest to the State, but coupled with it certain conditions. He stipulated that he should have the election of a trustee or a director di-rector who should have absolute control of the bequest, its investment, and who should decide what should be done with its income. The director was to have absolute control of everything relating to this fund. The Senator Sen-ator further provided that the bequest might be revoked at his pleasure. The State accepted ac-cepted it subject to the conditions. Then Mr. Stanford named himself as the director. He by doing this placed his $15,0CD,O under un-der cover safe from taxation while he remains re-mains in absolute control of it. "Whenever it pleases him to put his money back into his own pocket he can do so. Why this insinuation should be made against Governor Stanford is hard to understand, un-derstand, for he has never acted as though he Mrere insincere in his gift nor as though it was made for mere "buncombe." If he had no other reason for making his bequest than that of shielding some mil' lions of property from taxation, he would scarcely have adopted this method, for it is open and notorious, and fraud could easily be detected. Even if such could possibly be the case, his reputation would forbid him to employ this method, for as his act was noble, so would his infamy ,be of the most profound. But the" insinuation insinua-tion is as false as it is base, and deserves no consideration save for the purpose of denouncing it. |