Only about $350 worth of gold, however, was used to make the actual spike. Stanford and his associates were referred to as the Big Four. Despite this loss Stanford continued to pursue a career in politics and in 1859 he ran for governor of California but lost again. The Big Four: The Story of Huntington, Stanford, Hopkins, and Crocker, and of the Building of the Central Pacific. How did he treat his workers? In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. He said, "I was thinking that since I could do no more for my boy, I might do something for other people's boys in Leland's name." Asked by Wiki User. Stanford served as its president from 1885 to 1890. On his 9,000-acre Palo Alto ranch, Stanford devoted himself to raising some of the world's fastest race horses. While governor, Stanford approved millions of dollars in state grants for the construction of a transcontinental railroad line during a period when he was also president of the… He actively participated in the formation of the California Republican Party, and he ran unsuccessfully for State Treasurer in 1857. What are the release dates for The Wonder Pets - 2006 Save the Ladybug? It is now an Ivy League school, and only the smartest people can get in. If you really are a Stanford student, it is odd that you never noticed that the University is named after his son, Leland Stanford, Jr, who died of typhoid at age 15. Instead he moved to California, where his brothers had already settled, to join their business of selling supplies to miners. Stanford decided to join three of his brothers in Sacramento, California, where they had a successful business selling mining and agricultural supplies. After 1870 Stanford became less involved in the daily activities of the railroad company and he retreated to his ranch in Palo Alto, California. The remainder was left attached to the spike in a large sprue. He died at the age of 15 on a family trip to Italy, but from typhoid fever, not from an accident. The Big Four profited nicely from this venture, however, great hardships were encountered before the project was accomplished; many lives were lost. (October 16, 2020). Stanford used his financial clout to the end of political … How did he treat his competition? Sargent was a personal friend of Huntington, and in 1890 Huntington managed to have Stanford The campus featured Spanish mission-style buildings designed by Charles A. Coolidge and landscaping by noted landscape architect Frederick Law Olmsted. Following his son's untimely death, Stanford decided to establish a university in his honor. He met defeat in a race for Republican state treasurer in 1857, and 2 years later he lost the gubernatorial contest. When railroad magnate and former California Gov. Their policy was one of aggressive defense by which they would prevent competitors from forming other entry points into the state. Much later, in the 1880s, Stanford used his money to found the university that bears his name. In addition he used his political contacts to acquire generous federal grants for the railroad, which included land grants for railroad construction and loans for financing the project. of his fortune to found Stanford University in Palo Alto, California. Around the time when Stanford was elected governor he also became interested in the possibility of building a transcontinental railroad. //]]>. 16 Oct. 2020 . (214)743-5600 Stanford joined them in 1852 and soon began making enormous sums of money by selling equipment to miners in northern California. When the extremes of climate proved unsuitable for wine production, they began producing brandy. He persuaded the California legislature in 1885 to pass an act enabling the establishment of a university. They were eventually responsible for building the western half of the first transcontinental railroad. Cite this article Pick a style below, and copy the text for your bibliography. The Big Four, as Stanford and his associates were known, went on to pursue other interests in rail and water transportation. As a co-founder and president of the Central Pacific Railroad, Stanford was responsible in part for running one of the most successful transportation monopolies in U.S. history. American Social Leaders. In 1885 he had declared his candidacy for the U.S. Senate and had defeated A. In 1885 Stanford's 15-year-old son died of typhoid fever while on vacation in Europe. The SEC shut down R. Allen Stanford's operations 10 years ago this week. 2012-12-14 18:55:28 2012-12-14 18:55:28. he build railroads. They organized the Southern Pacific Railroad, of which Stanford served as director from 1882 to 1893. Used it on building Stanford University. Stanford served as president of the company from its formation until his death. ." U.S.A. In 1861 he was successful in his bid for the governorship, taking advantage of a split in the Democratic Party caused by the outbreak of the Civil War. Leland and Jane Stanford had one son, Leland, Jr., but he never attended Harvard. Snow, Richard F. "Biggest of the Four." . In 1861 Stanford, together with Mark Hopkins, Collis P. Huntington, and Charles Crocker, formed the Central Pacific Railroad with Stanford as president. Stanford received a sound education; he first studied at the Clinton Liberal Institute and then at Cazenovia Seminary in New York. He knew the limitations of photographic technology. Stanford's philanthropy, principally through the establishment of Stanford University, has made his legacy the biggest of the Big Four, who are remembered today largely by the banks and hotels in California that bear their names. He later established his own practice in Port Washington, Wisconsin but a fire destroyed it in 1852 and Stanford decided not to rebuild his practice. He was a successful lawyer and merchant. Gale Encyclopedia of U.S. Economic History, 1717 Main Street, Suite 5900 When his term as governor ended in 1863 Stanford devoted all of his energy to the railroad industry. Reprint, Ann Arbor, MI: University Microfilms, 1967-71. An interview with Senator Leland Stanford on Money, pp. Menlo Park, California: Pacific Coast Publishers, 1971. Public Company It is with Roosevelt…, https://www.encyclopedia.com/education/economics-magazines/stanford-leland, https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/stanford-leland, https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/leland-stanford, Santa Clara County V. Southern Pacific Railroad. window.__mirage2 = {petok:"d7895fcc339e071ecbdceb06c17e97366ff236a6-1607218761-86400"}; However, in 1861 Stanford won the gubernatorial election by a plurality, due to a split in the Democratic Party. Congressional Record, 52 Congress, 1 Sess. THE administration of Theodore Roosevelt was in some respects the first modern presidency. Leland Stanford became involved in Republican politics in California and was elected governor in 1861. He later bought a railroad and got money off of that. While he was touring Europe with his parents, he contracted typhus and died in Florence, Italy, at the age of 15. How diverse industrial arts can benefit from the computers and internet access? Encyclopedia.com. Leland Stanford (1824–93) was an industrialist and politician who amassed a large fortune from the development of the railroad industry in the west. They bought out competing lines such as the California Pacific Railroad Company and the San Francisco and San Jose Railroad. Box 2328, Stanford University, Stanford 94305): Stanford Historical Society, 1987. . As a memorial to his deceased 15-year-old son, Stanford established the Leland Stanford, Jr. University in Palo Alto, better known as simply Stanford University, by donating land and funds worth approximately $30 million. He quit his job to join a wholesale buisiness. Though he served only one term, he was able to keep California in the Union. Encyclopedia of World Biography. When the transcontinental was completed in 1869, Stanford and his associates were some $54 million richer. Is it normal to have the medicine come out your nose after a tonsillectomy? Web Link. He died at the age of 15 on a family trip to Italy, but from … Stanford's senatorial career was undistinguished. Incorporate…, Collis Potter Huntington Hutchison, John N. "Leland Stanford's Great Vina Ranch." replaced as Southern Pacific president. Regnery, Dorothy F., The Stanford House in Sacramento: an American treasure, Stanford, Calif. (P.O. "Stanford, Leland When President Lincoln signed an act pledging federal support for a transcontinental railroad, it was the Central Pacific Railroad that was assigned to construct the portion from Sacramento east to meet the Union Pacific Railroad, which was building the portion west from Omaha, Nebraska. Stanford married Jane Elizabeth Lathrop of Albany, New York, in 1850. . . He was the fourth son of Josiah and Elizabeth (Phillips) Stanford. Others, including Robert Fulton, Edward C. Collins and Leland Stanford, earned their fortune through political entrepreneurship. Encyclopedia of World Biography. Retrieved October 16, 2020 from Encyclopedia.com: https://www.encyclopedia.com/education/economics-magazines/stanford-leland. 23-25). Leland Stanford combined his legal knowledge, business ability, and political influence to become one of California's leading citizens in the nineteenth century. To prove that a horse lifted all four of its hooves off the ground, he commissioned photographer Edward Muybridge to set up a battery of cameras triggered by trip wires to photograph a trotting horse. Stanford was reelected to a second term in the U.S. Senate, where he served until his death in 1893 at the age of 69. ." Leland received a formal education until the age of 12, had 3 years of tutoring at home, and then returned to school. How did he spend his money Spent his money on making the railroad. The amount of money he had donated was about $20 million Who are the famous writers in region 9 Philippines? Finally, in 1856 he moved to Sacramento and became a partner in his brothers' business. //. Stanford was keenly interested in the boy's education and as a memorial to his son Stanford provided a 20 million-dollar endowment to found the Leland Stanford Junior University in Palo Alto. He donated his Gold Rush fortune to help children in honor of his only son, Leland Stanford Jr., who passed away a year earlier. ." He joined forces with Collis P. Huntington (1821–1900), Charles Crocker (1822–88), and Mark Hopkins (1814–78) to form the Central Pacific Railroad Company in 1861. After he left the governor's office in 1863, he had remained active in influencing legislation in California. With three colleagues, he established the Central Pacific Railroad, which built the western portion of the first transcontinental railroad, and served as its president from 1861 until his death in 1893. The Central Pacific laid 1,086 miles of track, while the Union Pacific had built 689, which was advantageous for Central Pacific, because government subsidies were based on mileage. A. Sargent on a strictly party vote. In 1870 the Southern Pacific was incorporated to build in southern California and eventually to reach New Orleans, La. Answer. 1885: Elected U.S. senator from California. Stanford generated large sums of public money for a company in which he had a major personal interest as a stockholder. (October 16, 2020). It is now an Ivy League school, and only the smartest people can get in. https://www.encyclopedia.com/education/economics-magazines/stanford-leland, "Stanford, Leland Stanford was president of the combine from 1885 to 1890. Tutorow, Norman E. Leland Stanford: Man of Many Careers. This company built a second transcontinental railroad from California to New Orleans. Stanford endowed a new institution, the Leland Stanford Junior University, in 1885 in memory of his son, who had died at the age of 15. The spike was 5 5/8 inches long, weighed 14.03 ounces and was made of 17.6 carat gold. Stanford's early education was typical of the period, a combination of formal schooling and home tutoring. However, the date of retrieval is often important. The Big Four had little knowledge of the railroad industry and very little capital to invest in the venture so they relied on their political talents and connections to support the project. Stanford became president of the Central Pacific, Huntington handled eastern financial and political arrangements, Crocker supervised construction, and Hopkins looked after company finances. Why don't libraries smell like bookstores? It was around this time that he developed a friendship with President Abraham Lincoln, whom he had met as a delegate to the 1860 Republican National Convention in Chicago. Leland and Jane Stanford had one son, Leland Jr., but he never attended Harvard. He stayed there until 1852, when his law office burned down. Legend has it that Stanford wanted to settle a $25,000 bet by proving that horses "flew," but most historians doubt that colorful bit. Detroit: Gale Research, 1998. 0 0 1. Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. One of his Today, the Stanford Court Hotel stands where the mansion was. American Social Leaders. 10 years ago. Answer Save. He began to study law at the age of 20 and in 1845 entered the law office of Wheaton, Doolittle & Hadley in Albany, New York. Leland Stanford, born on March 9, 1824, in Watervliet, N.Y., was one of eight children of a prosperous farmer who also dabbled in various local bridge and road contracts. Leland Stanford was once governor of California and in 1876, he bought the first of what would become more than 8,000 acres of land on the San Francisco peninsula. Within California, the building of that state's railroad infrastructure was largely accomplished by companies in which Stanford played key roles. 1869: CPR completed the western portion of the first transcontinental railroad, and Stanford drove in the last gold spike at Promontory, Utah, on May 20. ↩ 43. Stanford's father was a prosperous farmer who also worked as a contractor in the building of bridges, roads, and railroads. They formed the Southern Pacific Railroad in 1870 to purchase and build railroad lines south from San Francisco. Born: March 4,1824,Water Vliet,New York What were Leland Stanford parents professions? Encyclopedia of World Biography. LELAND STANFORD College Attended At eighteen, he enrolled at the Clinton Liberal Institute, in Clinton, He also got a fortune on selling equipment to miners. "Leland Stanford Richard M. Abrams The company later completed a second transcontinental railroad from California to New Orleans. Spent $40,000,000 on building the first transcontinental railroad. An interview with Senator Leland Stanford on Money, pp. After the death of his son, Leland Stanford set up all of his money to go to the Stanford University, which he helped create, to the miners of California and the railroad. Stanford's biggest income was the university; he did make tons of money working for the railroad, but the university was very popular. John B. Lv 7. ." With the passing years Morse became an increasingly vigorous and persuasive advocate of worthy causes and his eloquence made him a popular speaker. 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