In January 1885, during the presidency of Rafael Zaldívar, a group of businessmen and the president's family contributed funds for building the Sara Zaldivar Asylum for Indigents and the Elderly. In 1902, the Hospital Rosales was built, named after its benefactor, Jose Rosales, a banker who gave his fortune to the hospital and to the orphanage. The hospital's construction was begun by president Carlos Ezeta and finished during the presidency of Tomás Regalado. In 1905, president Pedro José Escalón initiated construction of the National Palace funded by coffee exportation taxes. The ''Monumento a los Próceres de 1811'' (Monument to the Heroes of 1811), located in the Plaza Libertad, and the Teatro Nacional de El Salvador were built in 1911 during Manuel Enrique Araujo's presidency.