WI: President Leland Stanford?

Just a random idea I had: what if Leland Stanford, architect of the Central Pacific Railroad and Governor of California, sought the Republican nominee and became president?

Considering Stanford's wealth, it seems he could finance a good deal of his campaign out of his own pocket.
 
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He was born and raised in Upstate NY, with this also being a time that California doesnt bring much in the way of electoral votes, he may do better presenting himself as a NYer. This is a time period where, especially for a Republican, you cant when without NY and Ohio.
 
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