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Originally posted by slwong3 at 2007-9-12 06:20 AM:
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http://en.wikipedia.org/wiki/Leland_Stanford
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With wife Jane, Stanford founded Leland Stanford Junior University as a memorial for their only child, Leland Stanford, Jr., who died as a teenager of typhoid in Florence, Italy while on a trip to Europe. Approximately US$20 million (US$400 million in 2005 dollars) initially went into the university. The wealth of the Stanford family during the late nineteenth century is estimated at approximately US$50 million ($US1 billion in 2005 dollars).