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President Uses Flowers To Halt Run On His Bank Redeposit Funds Pins Their Lapels Chicago, June episode which Hoff, president University Bank, placed carnations lapels those gathered the institution their posits short what promised of Viewing the long, melancholy assembled the Mr. Hoff messenger the sonally the the left he offered vaults purposes Many got back line their funds. The ended
FLOWERS TO HALT RUN ON HIS BANK and resourcefulness prevented run on the University State bank in Chicago. W. Hoff, president, looked out of his office. long line of men with gloomy faces He sent messenger for 500 carnations, then walked to the end of the line. On the lapel each gloomy customer, Hoff pinned flower. Those had withdrawn their money were greeted as about to leave the institution. Hoff offered the free use the institution's safety vaults until had selected new Result: The run stemmed than an hour after started. The bank has noticed no decrease in business
FRIENDS AGAIN STOP RUN UPON UNIVERSITY BANK The loyalty of friends in the community again played major role in the of State just did year ago this month when run the bank was cut short. When uneasy depositors hurried down 55th street Thursday morning withdraw their funds, in nearly every store window this placard: bank, the University State bank, is strong bank. We are not withdrawing; [Signed] 55th Street Business Men's Further than this, they were met at the bank with signs and verbal assurance as to the Institution's soundNot only did President Hoff and other officers the bank make speeches but Msgr. Shannon, pastor Thomas the Aposchurch, took the rostrum. In addition there copies resolution signed Simeon E. Henry Schultz, and Garfield V. Cox, and the of Chicago, and by D. Gor don Ramsay and other leaders the 55th Street Business The run weakened. the doors closed o'clock, hour later than usual, all was quiet and Mr. Hoff was his thanks.
Probably the only woman in the state to hold such a position, Miss Krouse and C. W. Hoff, president and founder of the bank, are the only two members remaining of the original staff. "The University State bank was organized in May, 1919. At that time I began as Mr. Hoff's secretary," said Miss Krouse last week. "I was interested in banking not only because the business fascinated me but because it also provides an engrossing study of human psychology daily. "To date there have been three runs on the bank," she continued, "in 1931, 1932, and just before the national moratorium. They revealed the character of our customers more than anything else. Some of those who had large amounts in the bank and upon whom we depended were among the first to draw out their money. Others who had very little showed their faith and reliance." Member of Associations. Miss Krouse was born and reared on the south side. Her parents are Mr. and Mrs. Jacob Krouse, with whom she resides at 1314 East 52d street. She attended Hyde Park High school. The outside interests of Miss Krouse include activity in several organizations. She is chairman of the finance committee of the South Side Zonta club and vice president of the Association of Chicago Bank Women. For five years Miss Krouse has been a member of the National Bank Women's association. She served that body as chairman of the revision committee and chairman of the convention held in Chicago last year. "I haven't had much time for sports or hobbies," commented Miss Krouse, "for during the last several years it's been up early and down late at my office. I do like to travel and to read a great deal and of course am very proud of my institution." Creates Her Own Job. "I do not think there was any jealousy among the men when I was appointed to my position. In fact, it was remarked by one of them that I had created my own job. Men as a whole, I find, do not feel backward about talking over their finances with a woman. I was a bit afraid they might be, but now I have come to the conclusion that men really prefer to talk to women in business." According to Byron Hoff, vice president of the bank, Miss Krouse won her appointment through efficiency, loyalty, and hard work. "She was instrumental in the organization of the bank," he stated, "and has been not only an executive but a trustworthy employé, possessing the happy faculty of accomplishing her own tasks and directing the work of others at the same time."