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Chicago Banker Ends Run With Gala Fete June bank, which Chicago on has had large number since the big banking merger early this week, was turned into the University State event Bank when President Hoff sent out for carnations for every body in line and then offered the bank's safe deposit boxes to those who were drawing out their savings. The run died out.
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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
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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 Those had withdrawn their money were greeted as about to leave the institution.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
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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.