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Excerpt from Dictionary of National Biography, Vol. 59: Wakeman-Watkins
From subsequent litigation it appeared that Walcot died intestate and insolvent. His insolvency, however, may be attributed to his benevolence of heart, for he and Sir Job Charlton being appointed trustees of the charitable will (dated 1674) of Thomas Lane, they repaired a house of Mr. Lane's (now Lane's Asylum), and converted it into a workhouse for employing the poor of Ludlow in making serges and woollen cloths, and spent lar e sums in carrying on the manu facture eyman, M embers for Ludlow).
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