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Argus Story about Father-Son Pharmacy Alums

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  • Argus Story about Father-Son Pharmacy Alums

    http://www.argusleader.com/apps/pbcs...ES02/701050322

    Dad's inheritance: A job and a shock

    Son's death brings retired pharmacist back to drugstore in family since 1914
    By Nestor Ramos
    nramos@argusleader.com
    PUBLISHED: January 5, 2007

    TYNDALL - Some nights, Greg Hoch would stay at the pharmacy until 3 in the morning.

    The lady from the town's bakery would see his car outside when she started her shift and find him inside, poring over a drug manual.

    Like his father, Bill, who retired from the family pharmacy in 1986, Greg graduated from South Dakota State University's pharmacy program. Afterward, he came back to Tyndall to take his spot behind the old pharmacy's counter.

    The pharmacy bears his grandfather's name, his father's name, and his: Hoch Drug Store. The Hochs - Joseph, then Bill, then Greg - have been Tyndall's pharmacists since 1914.

    But they won't be much longer.

    Two years ago this month, Greg Hoch died at 57 after a five-year battle with melanoma.
    (read more)
    "I didn't know he knew about the stock market," Bill said, still shaking his head a little. "And when he died, he had millions."

    Bill Hoch had always been an investor. He and Greg had chatted casually on occasion about the markets, but nothing hinted at Greg's sophistication. Hoch thought he knew plenty about picking stocks, but he had a bona fide expert under the same roof.

    Greg Hoch shared some of the money he left with family, and some of it went to local charities. With a large gift, he created 17 $2,000 scholarships to be given annually to South Dakotans enrolling in SDSU's pharmacy school. (read more)

  • #2
    Re: Argus Story about Father-Son Pharmacy Alums

    This the kind of publicity that really helps SDSU. If the son gave SDSU enough to fund 17 scholarships at $2000.00 each, each year and estimating at the rate of 5 per cent earned on the amount of endowed funds, his gift to SDSU had to be approximately $680,000. Thats real generous of the Hochs. That money will always be there to fund the scholarships.

    Its sad that there is not another Hoch to continue the pharmacy in Tyndall.

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    • #3
      Re: Argus Story about Father-Son Pharmacy Alums

      Nice story and gift indeed. Unfortunately just like the family farms, small private drugstores are few and far between as well.

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