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Gentlemen: I hereby tender you the following property: the Flood residence and tract of about five hundred and forty acres near Menlo Park, California; one-half interest in about twenty-four hundred acres of marsh land adjacent to the residence tract, and four-fifths of the capital stock of Bear Gulch Water Company, which supplies water to Menlo Park and vicinity. The only conditions I desire to accompany this gift are that the residence and reasonable area about it, including the present ornamental grounds, shall be kept in good order for the period of fifty years and that the net income from property and its proceeds shall be devoted to some branch of commercial education. [7]
Flood's remarkable gift occurred just a few weeks before the formal opening of the College of Commerce. Lindenwood had 60 rooms with 42 bedrooms, 18-foot ceilings, and a 150-foot tower. Flood's donation constituted the largest private gift to the university up to that time. The estimated value of the securities and real estate was $463,133.39 (with an equivalent value in 2013 of approximately $13.2 million). By 2013, the gift's value had grown to over $25 million, comprising one of the largest endowments on the Berkeley campus.” Within the family the estate was called Linden Towers, characterized as a “snow white interpretation of baroque architecture”; [8] the Berkeley community often referred to it as “Flood's Wedding Cake.” Flood requested that Linden Towers continue to be painted white and its ornamental grounds preserved. [7]
The University of California, Berkeley is a public land-grant research university in Berkeley, California. Founded in 1868 and named after the Anglo-Irish philosopher George Berkeley, it is the state's first land-grant university and is the founding campus of the University of California system.
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Lindenwood University is a private university in St. Charles, Missouri, United States. Founded in 1832 by George Champlin Sibley and Mary Easton Sibley as The Lindenwood School for Girls, it is the second-oldest higher-education institution west of the Mississippi River.
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James Clair Flood was an American businessman who made a fortune thanks to the Comstock Lode in Nevada. His mining operations are recounted to this day as an outstanding example of what may be done with a rich ore body and a genius for stock manipulation. Flood piled up millions as one of the famed "Bonanza Kings" and is considered to have been one of the 100 wealthiest Americans, leaving an enormous fortune. He is famous for two mansions, the James C. Flood Mansion at 1000 California St. in San Francisco, and Linden Towers located in Menlo Park, torn down in 1936.
Cora Crane, born Cora Ethel Eaton Howarth was an American businesswoman, nightclub and bordello owner, writer and journalist. She is best known as the common-law wife of writer Stephen Crane from 1896 to his death in 1900, and took his name although they never married. She was still legally married to her second husband, Captain Donald William Stewart, a British military officer who had served in India and then as British Resident of the Gold Coast, where he was a key figure in the War of the Golden Stool (1900) between the British and the Ashanti Empire in present-day Ghana.
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Mary Easton Sibley was an early American pioneer and educator. She and her husband George Sibley founded a school that became Lindenwood University.
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Timothy Hopkins was the adopted son of Central Pacific Railroad co-owner Mark Hopkins' widow, Mary Hopkins, and friend of another co-owner Leland Stanford and his wife, Jane. He was one of the founders of Palo Alto and a trustee of Stanford University for over 50 years. His estate is now the site of the Menlo Park Civic Center and of SRI International.
Cora Lenore Williams was a writer and educator known for pioneering new approaches to small-group instruction for children. She founded the A-Zed School and the Institute for Creative Development, later renamed Williams College, in Berkeley, California.
Catherine D. Wolfram is an American micro-economist, academic, and researcher who is the William Barton Rogers Professor in Energy and a Professor of Applied Economics at the MIT Sloan School of Management. Previously, she served as a Cora Jane Flood Professor of Business Administration and associate dean for academic affairs at the Haas School of Business at University of California, Berkeley where she also served as a faculty director of The E2e Project and as scientific director for energy and the environment at Center for Effective Global Action. She also directed the National Bureau of Economic Research's Environment and Energy Economics Program.
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