Word: voss
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Dennis F. Voss, chairman of the eight-month-old First State Bank of Chicago, has added a new dimension to the flamboyant competition. His bank gives an air-conditioned Cadillac Calais, whose list price is more than $7.000, to customers willing to open a $25,000 account and leave it for five years without interest. Anyone depositing $7,700 on the same terms gets a Ford Pinto. First State and another Chicago bank, Park Way, which was founded by Voss in 1964, also have gifts for those willing to let their cash lie fallow for two years. A depositor gets...
Figuring in the lost interest, plus the federal income tax that must be paid within a year on the value of the gift, the customer actually profits little by tying up his money. On deposits of $1,000 or more held for at least two years, Voss's bank pays a simple annual interest of 5¾%. The five-year return on $25,000 comes to $7,187, or about $187 more than the cost of the Cadillac. Of course, the interest is also subject to income tax, so whether an individual customer comes out ahead by taking...
...Eventually women may not need a special focus in the University," Mrs. Barbara Voss said. "But right now at Harvard, where the whole focus has been masculine, it would not be true to our own instincts to turn things completely over to men." She mentioned the number of women Faculty members and career planning for women as topics that men might consider insufficiently...
According to TIME Correspondent David De Voss, "There is an image on the screen-a profile view of a man that looks like the picture of Christ we all know. There appears to have been no tampering with the screen." The most likely rational explanation is that the screen acquired the image by the effects of normal weathering and its juxtaposition over an inner screen. But for Mrs. Bass the image is a true "sign from God." She believes now that it explains a mysterious "revelation" she had some 35 years ago, when, one day in prayer, she saw "hundreds...
...MARGARET VOSS Davenport College of Business Grand Rapids, Mich...