seventy-nine years. He had never married. After providing for his near
relations, he gave the principal part of his estate to the two
institutions which bear his name, the Johns Hopkins University and the
Johns Hopkins Hospital. Each of them received property estimated in
round numbers at three and a half million dollars. The gift to the
University included his estate of Clifton (three hundred and thirty
acres of land), fifteen thousand shares of the common stock of the
Baltimore and Ohio Railroad, and other securities which were valued at
seven hundred and fifty thousand dollars.

Many persons have expressed surprise that Mr. Hopkins should have made
so large an investment in one corporation. But the stock of the
Baltimore and Ohio Railroad was free from taxation, for many years it
paid a dividend of ten per cent. per annum, and the managers, of whom he
was one, confidently anticipated that a large stock dividend would be
declared at an early day. Mr. Hopkins not only gave to the University
all the common stock that he held in this corporation; he also advised
that the Trustees should not dispose of it, nor of the stock accruing
thereon by way of increment or dividend. In view of the vibrations to
which this stock was subjected during the fifteen years subsequent to
the death of Mr. Hopkins, it should not be forgotten that it was his
will that linked the fortune of the great educational institution, which
he founded, to the fortune of another corporation, in which he had the
highest confidence. Fortunately, the crisis into which this union led,
has been successfully passed. The friends of the University generously
subscribed for its support an "emergency fund" of more than $100,000.
Other large gifts were made and others still are known to be in the
future. The Trustees, moreover, have changed four-fifths of their
holdings of the common stock of the railroad company above mentioned,
into its preferred stock, from which a permanent income of six per