Bond Leaders Warn, 'Austerity at Breaking Point' `Israel Bond Drive Aids Democracy,' Henry Morgenthait Tells Conference WASHINGTON—(JTA)—More than a thousand delegates at- tending the first national eco- nomic conference on Israel here heard former Secretary of the Treasury Henry Morgenthau, Jr., relate the $500,000,000 Israel Independence bond issue to the defense of democracy and the Point Four program. "The language of the bond issue is the language of Presi- dent Truman's program for the rehabilitation of under-develop- ed areas," Mr. Morgenthau, chairman of the board of Gov- ernors of the American Finan- cial and Development Corpora- tion for Israel, told the confer- ence. Israel Increasing Austerity To the Breaking Point Referring to reports of food shortages in Israel, Mr. Morgen- thau said that "the Israelis are giving up their food to build factories. They are going with- out the basic necessities of life to build irrigation projects, to establish new farms and to de- velop newly-discovered mining areas. They are intensifying their austerity to the breaking point because they want to in- vest every available dollar to secure their future and to ab- sorb additional tens of thou- sands of newcomers." U. S. Secretary of Labor Maurice J. Tobin, who recent- ly visited Israel, told the con- ference that, mindful of the basic pattern of production as the secret of the success of the United States, Israel is placing greatest emphasis on expansion of its industrial and agricultural development. Mr. Tobin stressed the de- cisive importance of the bond issue and said that Israel must obtain tools and raw OBEY these official Civil Defense AIR RAW instracicions AM-RAID ALERT /immediate *Nock) ce short btosts /attack over/ HOME at WORK at - SCHOOL 3 minute waging grim mom Imo won 3 one minute blasts ALL-CLEAR at •• ■ ••• ■■ •• ■■ ••• ■ •ft 2 mints alma Whims Drop to floor. Get under bed or heavy table. Drop to floor. Get under desk or work bench Drop to floor out of fine of windows. Bury face in arms. Drop to ground or dive for cover. Bury face in arms. in the OPEN in VEHICLES -Drop to floor. Bury face in arms. stay put until the all clear and obey lostrua:.3is Israel bonds; 2, placement by every instrumentality of the community, including welfare funds, federations and com- munity councils, of their fa- cilities at the disposal of the bond issue in the fullest mea- sure of co-operation, and 3. utilization of every effort by national organizations "to achieve the earliest possible enlistMent of 100 percent of their membership, locally and nationally as purchasers and holders" of Israel bonds, and enlistment of their leadership in the drive. materials to increase its ex- ports. He paid tribute to the spirit of sacrifice of the Is- raelis who in spite of "a rigid regime of austerity have firm- ly resolved to restrict the use of funds realized from the Israel bond issue to industrial and agricultural projects de- signed to enlarge production and to improve the country's balance of payments." The conference also adopted U. S. Senator Owen Brewster a resolution welcoming the de- of Maine praised the fighting qualities of the Jews and said he looked to Israel as the hope of democracy in the Middle East. He predicted that Israel would bring light • and progress to the entire area. Rep. Jacob K. Javits told the conference that events had shown United States national security to be closely linked with the security and stability of Israel. He described the Jewish State as "the hard core of re- sistance to a possible commun- ist drive" in the Middle East. Robert R. Nathan, economist, said that Israel was 'a success story without parallel in the economic history of mankind." Israeli bonds are an "excellent" investment, Nathan told the conference, because their pro- ceeds will go into productive equipment. "The Israelis have the know-how, and the combin- ation of know-how plus modern equipment is the key to success," he asserted. - The conference ended its four- day gathering with a call for total mobilization of American- Jewry in behalf of the $500,000,- 000 State of Israel Independence bond issue. The conference acted after a cabled message was read from Premier David Ben-Gurion stressing the "paramount im- portance" of the bond issue "in this period of greatest immigra- tion and economic expansion." The Israeli Premier said that "economic growth is the key to our capacity to continue to ab- sorb mass immigration; self- support is the backbone of our existence as a free and creative nation." The major resolution adopt- ed by the conference gave the Israelis "the fullest assurance that we shall stand by them in the fulfillment of the econo- mic tasks that are indispen- sable to their secure future." - Measures to implement the mobilization call, adopted in resolutions, called for: 1. crea- tion by each community of a mechanism to embrace all supporters of the - bond drive into "a co-ordinated perman- ent unit devoted to the single purpose" of continuous sale of 16—THE JEWISH NEWS Friday, September 28, 1951 cision of Congress to include Is- rael as a beneficiary of the Mu- tual Security Program as "a new and concrete expression of the cordial relations between Israel and our own country which will promote- the peace and security of the Middle East." Rep. Emanuel Celler, address- ing the conference said that "it is this bond issue which will ul- timately release Israel from the status of being looked upon as a philanthropic venture." Leon Keyserling, chairman of President Truman's Council of Economic Advisers, told the con- ference that "from the viewpoint of the economist who has tried to look at the affairs in the his- tory of nations, and in terms of 2,000 years of history and of the achievements already written in Israel since statehood three years ago, there can be no obli- gation of any kind which can be bought with more surety than the bonds of Israel." Julian B. Venezky, chairman of the executive committee of the bond drive, announced that 33 national Jewish organizations were actively participating in the national conference. YETI-C O H E N AUXILIARY The earliest state editorial as- sociation was organized in Wis- consin in 1853. Mr. and Mrs. Sam Zack Extend Heartiest Wishes for a Very Happy New Year To Their Family, Friends, the Members and Families of Congregation Bnai David, the Entire Community and all Our Spiritual Leaders. The traditional dish - for the #40 /lay Days, Gefilte fish at its finest! It's just like home-made . . . with that delight- ful old-time Jewish taste and goodness! At your grocers G sf i tatt • votlioxs • rl l0 SFPV 1 Ol "3‘ mititSOWN111 COMPO, KOSHER • PAREVE munities have suffered—but there are those in our town who ,need our help. The Torch Drive . . R. B. "BOB" GINSBURG Extends Best No. 12 Vol, 8 Wishes for A Year of Health Our Town .. and Happiness to All His Friends and Acquaint- ances and to the Community at Large. Norman Pontiac Co,. 2340 W. Grand Blvd. Near Linwood TY. 4-5400 Residence: TO. 8-4726 , . Spans hundreds of square miles and is now "home" to well over two million people. In Detroit's 250th Year her industrial strength is famous throughout the world, and all of us are proud of the title "Arsenal of Democracy". Her Cultural Program, too, is well on the way to achievement. Coming up October 16 to November 8 is one of the biggest and best ways we help our families, friends and neighbors to have a better town. Through out "Give Once For All" cam* paign we fight cancer, polioi heart disease, cerebral palsy, arthritis and rheum matism; support charae. ter-building organizations to combat juvenile delft)... quency; help care for the aged and needy. All Of Us . . . Benefit from the 150 serve ices made possible by the United Foundation Torch Drive. Let all of us keep the Torch burning in our towns Let's all "Give Once For All." —MRS. JOHN L. KENOWER, Chairman Women's Participation 1951 Torch Drive It's The People Who Count .. . D BB beyond question the finest There is an abiding sense of satisfaction when you wear a Dobbs Guild Edge. Skillfully fashioned by hand, its premier quality stands out as clearly as the wearer's good taste. To fulfill your instinct for the finest—it's the Dobbs Guild Edge $20. 2202 Elmhurst (Shames of Bnai David) American approach toward safe• guarding civilization. Henry Morgenthau, Jr., .chair. man of the board of governors Of • the bond drive, paid tribute to The Vice President called for President Truman and to COn- the fullest economic support of gress for extending aid to Israel. Israel not only as a contribution to the defense of democracy but also for the "spiritual well-be- ing and regeneration of man- The Dermer Family kind." Successful completion of the Israel bond drive will clear the of Greenbush Inn way for peace and trade between Arabs and Jews, James G. Mc- Wish to extend greetings for Donald, former American Am- bassador to Israel, told the con- A Happy and Prosperous ference. New Year to all their Sen. Herbert H. Lehman said that to preserve peace Ameri- Friends and Guests. cans must be "global minded" and that' the Israel bond issue was an integral part of the A feature of the session Sun- day was the announcement by Vice President Alben W. Bark- ley that he had purchased a $1,000 bond as a present for his wife, on her birthday. He de- clared that "no greater cal- amity could befall America than the collapse "of Israel" J W V will meet at 8:30 p.m., Oct. 8, at the Memorial Home, with Myra Kuretsky and Ethel Was- ser hostesses. Members are ask- ed to turn over wearing apparel for the rummage sale of Oct. 6 to Minnie Alpert, 3230 Clements. Call her at TO. 6-8895 for pick- up. * * * LT. RAYMOND Z U S S M A N AUXILIARY will meet for a business session on Oct. 8, at the Memorial Home. and asserted that Israel bonds are "more than. a good invest- ment" since they have "social, moral and spiritual values as well." Other Dobbs $50 to 14o 1440 Washington Blvd. DETROIT also CHICAGO In our town. The babies born this year, the toddlers just learning/ to walk, boys and girls going to school for the first time, the crowd of teen-agers at a football game, the young adults starting their firs t f ull-time jobs, parents with their first babies, the grand- parents with a new crop of young ones to watch—that is Detroit. We are all proud of the outstanding successes of the Torch Drives of 1949 and 1950. We can win again this year by calling WOodward 5-7100 and offering two days of our time as United Foundation solid- tors for the third annual Torch Drive, Oct. 16 to Nov. 8. All Of Us . . . NATIONAL BAND DETROIT Share in making our town a better place in which to live. How we work, have fun or just loaf, draws the true picture of Detroit. It's the little things we do—and the big things. Detroit has been singularly blessed—no floods or earth- quakes such as other corn- Complete Banking and Trust Service 32 OFFICES IN DETROIT Member Federal Det,,s4 Insurance Corporation Antramemormit , • . 4 . mo. •-• .