Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-24

Bates House to purchase sixty-seven and
one-half feet frontage in East Washing
/ ton street, where the old Wright Hotel
stood The GIenns remOdeled the old
hotel and made three storerooms on the
ground floor, using one of them for dry
/ goods. In 1863 Mr.. Mcguire said, the
business and real estate owned by the
| Glenns was advertised for sale and
eventually Alphonse P. Pettis-an East
ern dry good merehant-purchased it.
| HISTORIES VARY AS
I TO THE PRICE PAID.
Histories vary as to the price paid, but
Mr.. Mcguire says Pettis paid $4,000 for
the dry goods stock and $4,000 for the
real estate. Thereupon a new company,
known as Pettis, Dickson & Co.. took
| over the business and finally a company,
known as Pettis, Ivers & Co., operated
the store. This company was succeeded
by Pettis, Bassett & Co, which was in
turn succeeded by a company in which
Mr.. Pettis and w. P. N. Sylvester were
the partners. The store was operated by
the latter company until 1890, when A.
Swan Brown of New York, formed the
present Pettis Dry Goods Company, of
which the officers now are: George A.
Gay. president; George S. Pomeroy, vice
president; Howard A. Gay, vice presi-
dent; James A. Swain, secretary treas
urer.
Henry II. Hornbrook secretary of the
Foundation, in a paper recently read be-
fore the indianapolis Bar Association,
after relating that he knew of specific
requests in the wills of indianapolis
citizens, under which the Foundation
eventually will benefit to a large degree
continued:
There are undoubtedly wills in exist
ence today providing for gifts to The In
dianapolis Foundation Of more than
$1.O000O0, TO be available either upon the
death Of the testator, or of some bene-
ficiary having an intermediate life estate.
Is it too much to hope that in twenty
five years we viii have not less than
100000 given in a like manner? With
the income Of such a fund of, say, $500
600 a year, what a wonderful step could
be taken in the meeting OF our charitable
needsi
POINTS POSSIBILITIES
CREATED BY FUND.
Such a fund, properly administered,
would go far to solve our hard problems
not only OF alienation, but of proven
ton. Moreover, it would be a constant
spur to efficiency in administration and
to Quickening the service upon the part
Of those charged with the active manage
ment of charitable institutions who were
looking to The indianapolis Foundation
for assistance. The power to withhold
from the unworthy or poorly admins
tered would be a constant challenge to
the worthy institutions and q constant
warning to the unworthy.
Can a higher community ideal be con-
ceived than this; that the WELT do who
have built up their fortunes from the.
community should feel it wrong to die
without first having made provision for
returning a part of their Accommodations
to a community fund for the well-beinC
Of those coming after them who are not
so fortunately circumstanced: that those
Of moderate means should feel that here
is civic object toward which they can
make the modest contribution: that the
large number of our citizens without
dependents should feel that here is an
opportunity to adopt the community
needs as the beneiciaries Of their bounty,
and that thus there should be a common
object toward which the well-wishers
Of Indianapolis might turn as the in
strumentality through which they could
do their bit, large or small, toward the
future well being of our good city"
Speaking of Mr.. Pettis' gift, Mr.. Horn
brook said:
THE Christmas gift Of Mr.. Pettis will
enable indianapolis to visualize in the
very near future some of the things that
such a fund built up for community
good may bring to the city"