Tested your solution - There is an easier way of binding directly to the Width and Height properties of the Size object:
Width = '1in'
Height = '2.5in'
As soon as inserting a picture box into a text box, immediately, Telerik converts the text box to the picture box, occupies the whole text box, and see my old text box as a picture box. I set With and Height of the picture box (under Bindings), however; I thought that it will not work and it, actually, does not work.
Is there a way to locate/place a picture box inside of a text box where I would like?