THE JEWISH NEWS-19

The Billion Dollar Bond Issue

Friday, November 17, 1950

Editor's Note: More than Ai year ago, Mr. Eilmann corresponded with Dr.
Nahum Goldmann, chairman of the American Section of the Jewish Agency, and
Daniel Frisch, then president of the Zionist Organization of America, now deceased,
urging the floating of a bond is s ue for Israel. His views are incorporated in this
article.

NJH Doctor to Israel

* *

By JAMES I. ELLMANN

They Will Be Good Bonds

How easy it is to be staggered
by the very concept of a billion
dollars. Few countries with
many times the population of
Israel would dare to hope they
could raise such a vast sum by
any program. But Israel is a
land apart. Its very coming into
being is something of a modern
miracle. It is in fact the prod-
uct of a series of miracles of the
most breathtaking kind. But Is-
rael is here. It lives. It thrives.
It is feverishly building. It will
continue to draw sustenance
from men and women who have
come away from anguish and
desperation.
The billion dollar bond issue
is not a dream. It is an out-
growth of a compulsion as over-
powering as the creation of Is-
rael itself. While a million and
a quarter people inhabit the
land, 500,000 are knocking at its
doors for a chance to enter and
become human beings. They are
trying to come by every convey-
ance, buying their way out at
any pribe and bringing nothing
on their backs. The cost of
their journey, food, medication,
housing, tools to work with, and
vigorous re-training represents a
cost most staggering. For this
indeed is the largest colonizing
effort in history.
The stupendous total outlay
has been variously estimated at
$3,000 to $4,000 per soul. Multi-
ply this sum by 500,000 new-
comers and Israel will need one
and a half to two billion dollars
for the job.

Then there should be many
new subscribers to this Bond is-
sue. There are hundreds of
thousands of fellow Americans
who have never been called
upon to put in some concrete
form their admiration for the
new Jewish state and for its
valorous people. Here is their
Chance. Countless well wishers
will take advantage of it. The
bonds will be good bonds. They
will bear a fair rate of interest.
Yes, they will be repaid in full.
They must.
The probable annual interest
of twenty-five to thirty million
dollars will not fall too heavily
even upon this young economy,
for this new force of immigrants
will be highly productive. And
it will enable Israel to give them
a new start, a new outlook.

Untold Opportunities

If the immigrants did not need
Israel as pressingly, Israel would
need the immigrants. The land
is still unformed. Its borders
still unprotected. It has its
marshes and barren country-
sides. It does not produce
enough food or the things with
which to sustain itself. It needs
farms and farmers. It needs in-
dustries. It needs reforestation.
It needs water and waterworks.
It needs military protection. It
needs schools, hospitals, housing,
new industries.
These requirements open un-
told possibilities. While Israel
can boast some knowhow, most
of it is yet to come, and from
America largely. Let the econ-
omic conditions of Israel be-
come stabilized through the in-
flux of this bond issue capital,
and investors will no longer
hesitate to send in equipment,
skill, resources.
If the 500,000 newcomers could
begin the process of rehabilita-
tion, what could they not ac-
complish with their new-won
chances? They could be fully
retrained to meet the exigencies
of the land. They could , open
shops. They could become fac-
tory workers, skilled and un-
skilled. They could work the
land. They could do their share
in many untrodden fields with
an excitement never felt before.

But time is of the essence
for these desperate people.
They deteriorate as they wait
and wait, in or out of Israel.

Will Stimulate New Markets

The new markets alone which
it can and no doubt will stimu-
late in the Near and perhaps
even in the Far East, and in
Western Europe, may well justify
the investment. Who knows,
even Russia may, in the course
of not many years, wake up to
the fact that the iron curtain
will neither buy or sell goods or
goodwill. Israel's present un-
favorable balance of trade can
and will shift.
Representatives of the Council
of Federations and Social Agen-
cies will soon meet in Washing-
ton to take a look at the entire
problem, including this bond
issue.
It is hardly necessary to urge
here that all of us have relied
most heavily and for many
years on the Israeli motive—the
getting and the building of a
new land. This has furnished
spirit and meaning to most pres-
ent large campaigns for funds.
The lay and professional work-
ers who have tracked the by-
ways were brought into the orbit
of these labors by the profound
and moving inspiration which
Israel has provided. Surely, the
same personnel will want to
carry on the task remaining.

Placing Israel on a self-
sustaining basis thus remains
one of the most far-reaching
tasks. And it will give every
man and woman of Jewish
forbears new strength, and
prestige, and dignity in the
success of the effort.

Much preparatory work re-
mains on the bond issue. It will
need careful formulation — the
very best public relation and
financial technicians should be
pressed into service. The rest of
us must begin to plan and * to
build up warmth and friendli-
ness for this—the biggest single
undertaking—next to the found-
ing of the Jewish state itself.

Israel Service Adds
51 Pound Food Parcel

Effective immediately, t h e
Service for Israel select type
food parcel ($15.75) will be dis-
continued and will be replaced
by the family deluxe twin pack-
age as a result of the heavy de-
mand for this larger type
package. The deluxe weighs over
51 lbs. and may not be sent to
an individual but to families of
two or more persons.
The price of the new deluxe is
$33.50 including all costs and is
duty-free, tax-free and ration-
free. Call or write Jules Done-
son, agent for Michigan, 1031
Penobscot Bldg., WO. 5-1484.

What has thus far been drib-
bling through philanthropic
agencies, has worked remarkably
till now. But Israel is in its sec-
ond stage of development. Phil-
anthropy is insufficient for the
work in hand. Hence the time
for bold action is now. Full com-
prehension of the size of the
problem and the daring solution
it requires has precipitated this
Bond issue.
This Is the Solution
We must press the point that
House for sale? Best buys are
those who have been the most achieved by advertising in The
generous contributors to a hun- Jewish News. Call WO. 5-1155.
dred causes will now see that
this purchase of bonds envisages
a complete settlement o'-f an
economic problem for the first
and what appears to be the final
..„0
time. With this job properly at-
\'`
•
tended to, future philanthropic
;I; Z1CO LL I NS
•
gifts could be gradually les-
RESERVE NOW'
ROOMS WITH PRIVATE
sened. If Israel's needs are filled,
BATH AND SHOWER
ROOF TOP SOLARIUM
smaller needs alone will need

LONDON ARMS

tkotei

./.•

maintenance.

First and foremost, then, all
givers will begin to realize that
this is the solution, the final
effort not in the form of a gift,
but as an investment in securi-
ties issued by a healthy new
government and a new people.

STRICTLY KOSHER
AMERICAN PLAN
ELEVATOR SERVICE

EAR' •

Under Personal Supervision of
M KREISBERG • D BRAMSON

M. S SM

DR. ALLAN HURST, medical
director of National Jewish Hos-
pital, is shown receiving a spe-
cial message to President Chaim
Weizmann of Israel from GOV-
ERNOR WALTER JOHNSON of
Colorado. Dr. Hurst is leaving
for Israel to conduct a survey
on behalf of the Government of
Israel in order to improve the
treatment of tuberculosis in that
new nation. The National Jewish
Hospital at Denver was selected
by the United Nations World
Health Organization to train
physicians from all nations in
the latest techniques in the con-
trol and treatment of tubercu-
losis.

Jewish Mother in Key Defense Post
Once Helped Arrange Soccer Tour

WASHINGTON (AJP)—An en-
ergetic little woman, long the
late FDR's key trouble-shooter,
and a fighter for
admission of
more refugees to
America's shores
was named to
the second
highest post in
America's de-
fensive network
against aggres-
sion. Mrs. Anna
M. Rosenberg, Mrs. Rosenberg
active in working toward the es-
tablishment of Israel, was desig-
nated Assistant Secretary of De-
fense by President Harry S.
Truman.
Her son Thomas told the
American Jewish Press that his
mother had worked with Zion-
ist organizations and actively
participated in the fight for con-
gressional measures to aid the
entry of displaced persona into
America.
"Mother also helped arrange
the tour of the Jewish Hungar-
ian soccer team in the United
States some years back," her
son added.
Mrs. Rosenberg's pending ap-
pointment marks the first time
in U. S. history that a woman
has held such a top position in
vital affairs. She presently holds
membership in an advisory
committee on mobilization poli-
cy for the National Security Re-
sources Board headed by W. Stu-
art Symington.
An advisor to the late Pres-
ident Roosevelt, President Tru-
man and the late Fiorello La-
Guardia, she served as personal

*Al" U's

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Nine Year-Old Leaves
For Hollywood Tests

Mr. and Mrs. Luther Graves
left for Hollywood, Calif. this
week where their talented nine
year-old daughter, Annetta, will
be given screen tests. The
Graves formerly lived on Marx
Ave.
Annetta, who is extremely
adept at dramatics, has appear-
ed on television during the past
year. She is a pupil of Eve Meis-
ter, dramatic coach.

representative of FDR and Mr.
Truman in the European Thea-
ter of Operations during World
War II, keeping the chief exec-
utives informed of problems
confronting returning GIs.
Mrs. Rosenberg was instru-
mental in the settling of some
of New York City's most serious
labor disputes.
She was the first civilian to
be awarded the Freedom Medal
by Gen. Dwight D. Eisenhower.
For her man-sized job as re-
gional director of the NRA. Mrs.
Rosenberg was commended by
President Roosevelt. President
Truman, in turn, awarded her a
Medal of Merit for her efforts
as regional director of the War
Manpower Commission during
World War II.
An immigrant herself, having
been brought to America's shores
in the arms of father Albert
Lederer, of Budapest, Hungary,
Mrs. Rosenberg has displayed
considerable interest in the wel-
fare of America's newcomers.
Her new important post as
assistant to Secretary of State
George Marshall will place her
in _command of manpower and
personnel policies.

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Katzin Named Director .
Of Relief in Korea

LAKE SUCCESS, (JTA)—The
appointment of Col. Alfred G.
Katzin, South African Jew who
has been serving in Korea as
U. N. Secretary-General Trygve
Lie's personal representative, as
"Agent General" in Korea was
announced here. Col. Katzin will
direct the entire U. N. relief and
rehabilitation program in Korea
until the General Assembly ap-
proves machinery for the ad-
ministration of Korea relief and
reconstruction.

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