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Indiana authors and their books 1917-1966.
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STRAUS, SIMON WILLIAM: 1866-1930.

Simon William Straus was born in Ligonier, Ind., on Dec. 23, 1866. He was the son of Frederick and Madlon Goldsmith Straus. He was educated in public schools and married Hattie Klee on April 25, 1893. Straus began working in his father's mortgage and loan business in 1884 and was admitted as a partner in 1888. In 1898 he became chairman of the board of S. W. Straus and Company, Inc. He is noted for originating the "Straus plan," a successful procedure for financing loans on buildings and industrial plants. He was chairman of the board of the Franklin Trust and Savings Bank ( Chicago ) from 1928 until his death on Sept. 7, 1930. He also served as president of both Straus National Bank and Trust companies in Chicago and New York and the American Society for Thrift.

Information from Who Was Who in America.

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