yil Center CLIFTON AVENUE - CINCINNATI 20, OHIO Page 33 DETROIT JEWISH CHRONICLE Thursday, September 7, 1950 Home in Israel U. S. Pioneei Spirit\lraq Girls , Find . . Takes Hand in Israel By THEODORE K. LANDAU THE AMERICAN PIONEERING initiative and determina- tion that opened up our West is helping to build a modern nation in Israel. In the almost forgotten days when a Jewish Homeland was only a romantic dream a group of prominent Americans—including Sen. Herbert Lehman, Bernard Flex- ner, Nathan Straus and Robert Szold—decided that they would work to provide the coming Jewish State with a sound economic foundation. In 1926 they formed the Palestine Eco- c. nomic Corporation. dependance on imports for these, needed items. Thousands of Americans who can't go to Israel themselves are pioneering with PEC, putting their money to work building the Jewish Homeland. They have found that through this corporation their money, in addition to efficiently develop- ing Israel, pays them dividends greater than their money would draw in the banks. For Palestine Economic Cor- poration's financial record re- flects its operational successes. It has paid 31 dividends to date, maintaining a rate of 4 per cent on the par value of its stock ($25) since 1946. In fact, in recognition of PEC's vital role in building Israel, the Zionist Organization of Arrior - a at its July convention passed a resolution calling upon all Zion- ists to become stockholders of the Palestine Economic Cornora-- tion so that they, too, could ac- tively participate in the develop- ing of a sound and prosperous It was in 1928 that PEC bought Social-minded, pioneering, dar- ing, adventuresome—these seem a great tract of this swamp and strange adjectives for a business set about draining and clearing enterprise. And yet, the story it, then developing model resi- of this American firm is a thrill- dential communities' there. The ing story of high adventure, same American ingenuity and From times of antiquity the determination that cleared the fabled Dead Sea has fascinated swampland of Panama and built the Panama Canal was put to generations, but until the 1920's work on the shores of Haifa to it was considered only a scenic set an example of what could feature of the Holy Land. Then speed its development. Contact- tric products in Israel; operates done. a visionary mining engineer And today the families that ing American plastic manufac- a United States purchasing serv- ice for Israel industry; is associ- came toPEC. once fled in fear from Europe turers, it interested a group of "There are millions of tons of are the proud inhabitants of New England firms in joining ated with Israel's greatest textile works, Ata Textile Company potash, magnesium and other Rosh Hoshonoh Greetings clean modern houses and work with PEC and another Israel said. Ltd. minerals in that water," firm to set up a modern plant "I think I can extract them on in the offices and factories of It backs Fertilizers and Chem- i with American machinery and this great city. Saying that Israel's greatest; guided by skilled American icals Ltd., the firm which will a coin mercial'basis if I had the ,, 11724 DEXTER produce the millions of dollars money. listened to his plan then asset is the Jew is already a; know-how. • • • worth of fertilizers needed to in- TO. 9-9724 . PEC truism. But how can this great I backed him with thousands of I human asset be used? PECK BUILDING, PIONEERING, crease the output of Israel's Also American dollars. Today, that , showed a way. leading the way in new ven- farms; is joining the United States firm, General Tire and engineer, Moise Movomeysky, is Dexter Bakery Branch Today Goldberg Instruments tures—the story of PEC is at the head of Palestine Potash, I Ltd. is Israel's chief producer of the story of American pioneer- Rubber Company, in a $2,400,000 18279 Livernois - UN. 4.9828 Ltd.—the firm PEC sponsored—; precisioh optical *instruments, ing initiative building a new factory to produce rubber tires; MRS. MARY LESHMAN and has produced milliofis of , and devices its research labora- nation. This corporation was one is planning with other American AND SONS, Props. dollars worth of minerals from tories perfected are manufactur- of the sponsors of the world- interests a $3,000,000 paper pro- ducts plant to relieve Israel's these bring waters. ed under license in the United famed King David Hotel in Jeru- - - If PEC had not listened t to S ates, earning dollars for Israel salem; it is planning and partly ---- and worked with this visionary, and respect for the young na- financing Tel Aviv's anxiously the Dead Sea might still be; lions technicians. awaited 'Radio City' business only "another strange natural' t This firm was developed with and commercial center; helped Happy New Year phenomena." PEC's help around one of Israel's organize a shipping company so In the 1920's the banking sys- • human resources, Dr. Emanuel cargos could reach Jewish ports • tern in scientist who had in the dark days of '48 when the mentary. Credit was largely con-; Goldberg, a once been high in the councils of Germany's famed Weiss Ikon issue was still in doubt in Pales- - trolled by Arab money lenders who charged 20 per cent to 60 1 Co. before he had fled to Pales- / tine; it distributes General Elec per cent interest rates. tine Knowing that they were stran- 13306 DEXTER - TO. 6-9860 The soil of Israel has always 37 John R gling the - infant cooperative been thirsty. PEC brought it New Year Greetings Mr. and Mrs. 11. Bryman movement, PEC set out to break water. Abandoning the primitive and Best Wishes to All WO. 34850 the, backs of these usurers. With' pumps and drills then being and Family its own bank, The Central Bank • used in Palestine, PEC brought •• of • Cooperative Institutions in in modern American oil drilling Palestine Ltd., PEC provided ; equipment and a skilled opera- loW-cost credits so the coopera- ; for to show its use. BEST WISHES FOR A HAPPY NEW YEAR tives could buy seeds and fer- With this equipment water was Wizens, tractors and agricultural' found—water needed to irrigate machinery, could build barns and , farms for the incoming 914 Metropolitan Bldg. quarters. grants. More than that, PEC cam- In In a young country like Israel WO. 1-4932 paigned to improve the coopera- the plastics industry can be very,, WE. 5-9205 12115 LIVERNOIS tivts' practices. Setting up important. PEC resolved to help' special bureau in this bank, it •••••■•■•••■ •1 NIMMO•1•1•••• ■■ •••• ■ •••••• ■ •••••••MM••• ■■ ••••■•0•■••■ •••■••••••• ■■•■•■•••.■•.■ studied cooperatives both in ROSH HASHONAH GREETINGS . . . Israel and throughout the world, then passed criticisms and sug- MR. AND MRS. PHILIP SHIENER Rosh Hashonah Greetings geStions along to the Israel corn- DAUGHTER HARRIET ANN munities. • • • and Best Wishes to All SON GERALD ALAN IF YOU VISIT Israel you will 4220 Leslie delight in the broad and beau-, tifal bathing beaches at Haifa, and this clean modern city that is one of the East's great metro- polises. You would never know, to look , 10425 NORTIILAWN at it, that 20 years ago much WE. 3-0900 of the Haifa Bay coast was rank, ■•■■■•••■ •••••• ■ ••••••.....mwomma ■ ■•■ •••••• ■■■••■•■ •••• ■ Mls ••.•••• mosquito-ridden swampland. ■•■■••■■ ••••••••• ..om ■•■•••■■■•■••■■ -. r i JEWEL BAKERY Van Yarn Shop Dexter Bakery Professional Optical Co. SHORR & SHORR MOTOR SALES — Rosh Hashonah Greetings NEW YEAR GREETINGS FONTANA BROS. 2431 Woodward WO. 1-6134 GREETINGS ROMAN CLEANSER Whitens Clothes Safely! ”.• WO OOOOO •• ■ • • 00.•••• ■ DETROIT FRUIT AUCTION CO. 7201 West Fort Street STORK BABY SERVICE Best Wishes for a Happy and Prosperous New Year New Year's Greetings front HUDSON CLEANERS Schostak Bros. & Co. Cash and Carry Service REALTORS 34th Floor Cadillac Tower STORES IN YOUR NEIGHBORHOOD