Following his release from the Army in 1946, Krause returned to Iola where he worked on the family farm and set himself up as anindependent builder. Through the early 1950s he constructed two dozen houses, two churches and a 105-foot ski jump in the Iola area.

In October, 1952, Krause published the first issue of Numismatic News. The one-sided 11" x 17" sheet was meant to fill a niche Krause identified to serve the buying, selling and trading needs of coin collectors nationwide who were far removed from metropolitan areas where numismatists enjoyed coin shops, clubs, shows and conventions. He was the prototypical customer for his new venture: a serious coin collector who was geographically cut off from that hobby's mainstream.

For the next five years the publication grew in advertising volume and circulation as Krause nurtured it on evenings, weekends and when inclement weather kept him away from current construction projects. In 1957, Krause finished the last building he would ever construct, a 40" x 40" brick and glass office a block off of Iola's Main Street. That would remain, with occasional additions as expansion dictated, the offices of Krause Publications for nearly two decades.

Numismatic News grew throughout the 1960s and Krause Publications expanded through acquisitions and start ups of periodicals to fill needs Krause identified in the coin collecting community.

When the coin collecting hobby suffered a serious downturn in the mid- 1960s, almost forcing the demise of his publishing business, Krause recognized that diversification was key to insure its survival. In 1971 he founded Old Cars, a virtual clone of the contemporary Numismatic News, and began to develop a parallel line of periodicals for antique auto enthusiasts.

His involvement with the car collecting fraternity led to one of the most significant contributions he would make to his hometown. In 1972, in conjunction with a pig roast and donation auction fundraiser sponsored by the Iola Lions Club, Krause invited two dozen area vintage car owners to display their vehicles at the cookout. That was the first Iola Old Car Show, an annual event that draws tens of thousands of spectators to the village to view more than 2,000 collector cars and do business with 1,500 swap meet vendors. The event has raised millions of dollars with profits benefiting the dozens of area civic organizations that provide volunteer staffing for the largest collector car show in the Midwest.

To read the complete article, see:
Chet Krause: The authorized internet biography (http://boblemke.blogspot.com/2013/05/chet-krause-authorized-internet.html)