The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-11-30
MRS, ENGLISH
GIVES REASONS
FOR BIG DEAL
Wishes of Late Husband
Are Carried Out in Every
Detail, She Says.
"Details Of rease on Page y

Reasons for the negotiation Of
the ninety nine-year lease upon the
English Theater and north half of
the English Hotel property to the
Market Circle Realty Company were
given today by Mrs. William E.
English in this statement:
''Tais lease has been negotiated
in compliance with the order of
Judge Bash of the Marion Probate
Court, after my suit last May to
construe Captain English's will, be-
cause of several apparently con-
flicting phrases.
'I am very much pleased, as in
making this lease I only am con-
summating the lease Captain Eng
liSh already had started the year
of mis- death, last year, and one he
had contemplated since making the
Market Circle lease in 1919. ! am
very much in hopes that my CO.
trustees, the Fletcher Savings and
Trust Company, will see its way
clear also to execute this lease.
Is Maintained Intact
by leasing to the Market Circle
Realty Company. have maintained
intact this quarter segment of the
Circle, and this 1 consider most de-
sirable to the city and to the prop
erty on the Circle, not only as to
, values, but also as to beauty. Also,
have held together by this lease
property in the possession of the
English family since 1855 until the
present time, and this, too, was the
desire and intention of my hus-
band.
Il have carried out his every
wish, even in that I have kept the
name English in the property
either singly or hyphenated, for all
coming generations, and this I owed
to his cherished memory. I also
have reserved the family heads
upon the front of the building for
my sole ownership in case of any
future wrecking of the buildin.
Among these heads are those of
Captain English and our daughter,
Rosaliiid. Captain English had
made separate agreement with the
Market Circle Realty Company as
to his possession of the Governors
sculptured heads upon the southwest
segment, which he desired to pre-
sent to Indiana, and in case Of any
future building upon this ground,
shall do with these heads as he in
tended.
so far as know, no change will
take place in the property for some
years to come, and I am now max
ing extensive alterations. in my own
apartment on Meridian st. and the
CIRCLE, where I always shall reside.
have no intention of leaving the
Hotel English, as this spot is dear
to me, and has been my home for
many years.
I'm making this lease, feel that
greatly have enhanced the value
of the large gift which Captain
English made to charity at my
death. This property alone at the
present time nets $4,000 year. and
it, by Captain English's will, reverts
in its entirety to the charities of In
dianapolis, through the Indianapolis
Foundation.
Income TO Be Large
I'm years to come this property
will net $4,000 a year, and, accord
ing to the will, this income is to be
used without regard to race, color
or creed for the charities of Indian
apolis and Scott County, and I am
very much pleased to know that, by
this. lease, I have established for the
charities of our city, ultimately, a
net rental of $105,500 a year.
"At my death I have every con-
fidence that this is of such vast i'm
portance that nothing will be left
undone by such men as Josiah K
Lilly, Henry w. Bennett, Monsignor
GaviSk, G. A. Efroymson, Louis H
Levey and Henry H. Hornbrook
who now constitute the Indianapolis
Foundation, or their successors duly
appointed, and who will carry out
the wishes of Captain English.
1.-THE bequest nearest to his heart
and mine is the memorial to our
only child, our daughter Rosalind
whereby he gave in his will Eng
hshton Park, his birthplace, in
southern Indiana, and its extensive
acreage, to the children of Marion
and Scott Counties, to be called
The Rosalind English Home for
Sick and INDECENT Children
His first consideration after my
death, as expressed in his will, is
that sufficient income shall be taken
from this very large income to
maintain this beautiful memorial
for little children in her name.
In view of this memorial being
SO important to both Of us, now
am personally maintaining English
ton Park at an expense of more
than $4,000 year, so that even
tually it may pass into the hands
OF the indianapolis Foundation in
perfect condition as a memorial to
our daughter.
1.-THE residue of the income then
will be used by the indianapolis
Foundation each month in Marion
County for all charities, and will be
disbursed through the Indianapolis
Foundation.