Editor’s note: Thanks to Dr. Richard Schreiner and Karen Stroup for providing sources for this story.

Many people become known for their success in business, art or politics; many are renowned for the accumulation of wealth. Few are known for their good deeds or contributions which benefit their communities long after they are gone.. One of the IMS founders deserves more credit for what he did behind the scenes in Indianapolis.

Arthur Newby, the first Vice President of the Indianapolis Motor Speedway, ran several successful businesses in Indianapolis. He founded Indianapolis Chain and Stamping Company, which later became Diamond Chain. National Motors was another one of Newby’s companies. Joe Dawson drove a National to victory in the 1912 Indianapolis 500.

He also owned a board track for bicycle racing with Carl Fisher. In 1909, the two men, along with James Allison and Frank Wheeler pooled $250,000 to form the Indianapolis Motor Speedway Corporation.

While Wheeler, Fisher, and Allison had mansions on Cold Spring Road, Newby lived in a home at 40th and Meridian Streets. He donated part of his property to the fledgling Hoosier Motor Club, the forerunner of the American Automobile Association, which had its main office at that location for decades. The site is now home to the Martin Luther King center. Tarkington Towers occupies the site of his home.

In 1916 their friend, the poet James Whitcomb Riley died. Fisher was an honorary pallbearer at Riley’s funeral.

The following year a meeting took place in the home of L. C. Boyd to explore creating a children’s hospital as a memorial to Riley. The hospital would be open to children anywhere in Indiana and would be free to those who could not pay. A story in The Indianapolis News from August 21, 1917, lists the attendees. If you have ever driven in downtown Indianapolis and noticed the names on some of the older buildings, it is likely that the founder of that company was either there that day or expressed interest in helping with the project.

Allison was the only member of the speedway ownership group to attend, but the other three owners sent telegrams pledging support with time and donations. Allison became a part of the committee to create plans for the children’s hospital. The committee chairman was J. K. Lilly.

Newby’s $50,000 donation was the largest individual contribution to the building fund. When the hospital opened in 1924, the outpatient clinic was named the Newby Exoclinic in his honor. A tile on the floor of the clinic honors Newby, who made the donation in memory or of his parents and sister,

Newby’s contribution to Riley was arguably the most public of his philanthropical gifts. he built and bought homes for homeless people. He gave kids money to go to school with the stipulation that they did not reveal where the money came from.

Butler University and Earlham College also received sizeable gifts from Newby. he also purchased land in Parke County which he donated to the state of Indiana. The property is now Turkey Run State Park.

The link between Riley and the Speedway continues today. Riley sponsors the turn 2 suites. Drivers visit the hospital to meet with patients during May.