McCarthy Sour Note: Expose Magazine Says Senator Co t Fast Shuffle
Arias Shalom Clubs Plan
NEW YORK, (AJP)—The once hush-hush affair, was revealed Attempts by the American complained about some of the Purim Costume Festival
secret bombshell meeting be- exclusiVely by the American Jewish Press to contact McCar-
tween Senator Joseph McCarthy Jewish Press three months ago thy, presently on a three-week
and top leaders of the Anti- and later confirmed by the speaking tour throughout the
Defamation League was back in Senator in an exclusive inter- West, were unsuccessful.
the news with a charge that the view with AJP.
In a letter to Nathan Ziprin,
Featuring the ADL-McCarthy writer for the Seven Arts Fea-
Wisconsin Senator had uttered
an anti-Semitic slur over the conference on its front-page as ture Syndicate, George Sokolsky,
loss of several dollars at a card part of an attack on newspaper who arranged the meeting be-
game following the conference. columnist George Sokolsky, who tween McCarthy and ADL lead-
The charge lodged by Expose, arranged the get-together, Ex- ers, said he thought "much ado
a monthly sensational magazine pose charged:
had been made of this meeting."
here, .alleged that McCarthy
"McCarthy couldn't refrain
There was no secrecy of any
made the remark to a Midwest from complaining that 'those kind attached to it, he added.
newspaperman f o l l o w i n g his slick Jews beat me out of two stating, "I try to arrange meet-
meeting with Judge Meir Stein- bucks, American money.' He had ings of this kind very often. In
brink, ADL chieftain. and other lost this during the gin-rummy this instance, Senator McCarthy
official's of the Jewish defense game which followed a two hour had been told that the ADL was
organization. The conference, a conference."
antagonistic to him, and ADL
pomp.
things Senator McCarthy said
and did. I think it was a very
constructive meeting."
Sokolsky went on to say that
"Joe McCarthy 's not in any way
antagonistic to Jews. He is only
antagonistic to Communists. I
can assure you that he made it,
clear beyond doubt that - he
would reject anti-Semitism and
the support of anti-Semites once
it is made clear that the per-
sons are not only anti-Commun-
ists but are also bigots.
A Purim costume and dance
festival will be held March 9, at
8:30 p.m., by the Sisterhood and
Men's Club of Adas Shalom
Synagogue.
There will be Israeli and folk
dancing, and prizes will be
awarded for the best costumes.
Dress, however, is optional. There
will be no admission fee.
Zangwill Garber is chairman
of the Men's Club, and is as-
sisted by John Allen. Mrs. George
Liss and Mrs. Jacob Levine rep-
resent the Sisterhood. All affili-
THE JEWISH NEWS
1 S ate organizations are invited to
Friday, February 22, 1952
attend.
-
STATE
securities, though registered, have not been approved or disapproved by the Securities
OF
ISRAEL
$500,000,000 INDEPENDENCE
BOND ISSUE
end Exchange Commission, which does Rot pose en the writs of cony registered securities.
WHAT CAN ONE DAY MEAN TO
BIG DAY, Sunday, March 9th
What can one day mean to you?
You may spend it with your family or with friends,
enjoying your well earned day of rest.
Yes, relaxation is fine ... but—
Have you ever realized what it would mean to give
one day of your time to help achieve a great objective ?
On Sunday, March 9th, BIG Day for Israel will be observed
in our community and throughout the United States.
On BIG Day every Jewish family in our town will be visited and
asked to share in the building of Israel through the purchase
of State of Israel Bonds. These Bonds pay interest—
they- are an investment, not a donation.
We ask you to give one day of your time to make BIG Day the
biggest day of the year for Israel. Here's what we can accomplish:
-
• Thousands of investment dollars added to the life-stream of Israel's economy.
• Increased speed in building factories, industrial plants and new farms
Israel needs now in order to become self-supporting.
The State of Israel $500,000,000 Bond
Issue is intended to promote the economic
development of the State. The proceeds of
the Bond Issue are to be used for the pur-
chase of machinery, raw materials, equip-
ment and other items designed to increase
the country's productive facilities so that it
may earn and save foreign currency. Of the
total amount, $205,000,000 is to be allo-
cated for investment in the fields of industry
and power. The sum of $130,000,000 has
been designated for agricultural projects;
$40,000,000 for the development of harbors.
shipping and railroads; $45,000,000 for
trade and services including the development
of the tourist industry; and $30,000,000 for
the establishment of a government mortgage
bank for housing.
The balance, after payment of the ex-
penses of the issue, is to serve as a reserve
for unanticipated projects or for increased
expenditures for the designated projects.
The Government's economic develop-
ment program involves a total project ex-
penditure of $1,500,000,000, of which.
$500,000,000 is to be provided by Israel
and other countries,' and the balance is to
be obtained in the United States. The $500,-
000,000 State of Israel Bond Issue is the
largest single source of funds for this
program.
With immigration proceeding at the
rate of 200,000 a year, Israel requires capital
imports to meet the large investment nec•.
essary to create permanent employment op- .
portunities and housing for the newcomers.
A balanced and mature economy will as a
rule produce enough to cover the consump-
tive needs of its population and to provide
for some further investment to increase pro-
ductivity. But under the best conditions, cur-
rent production cannot begin to supply the
huge capital needs of a population that is in-
creasing at the enormous rate experienced by
Israel. Palestine and brae], therefore, have
always had an adverse trade balance—like
.many young countries facing immigration
and development tasks, including the United
States, Australia and New Zealand. As im-
migration increased, so did the adverse trade
balance. The import surplus served to meet
the investment needs of the economy. For
1949 receipts on current account were (ex-
pressed in Israel Pounds, I.L.) I.L. 20,600,-
000 and payments, J.L. 94,100,000. For
1950 receipts on current account were I.L.
23,800,000 and payments, I.L. 113,400,•
000.
It is one of the major purposes of the
Bond Issue to improve Israel's balance of
trade through the establishment of new
in.clustrial and agricultural enterprises and
through the expansion of production for ex-
port as well as for home consumption. -
As of December 31, 1950, the funded
debt was I.L. 114.200,000 and the floating
debt, I.L. 1,300,000. The figures do not in-
clude any Treasury Bills, because of their
relationship to the Special Defense Budget
which has not been disclosed for security
reasons. .
Israel has never at any time defaulted
upon the payment of principal or interest
on any debt.
The budgets of the Government reflect
the objectives of the State of Israel to provide
for the immigration and absorption of a
large number of Jews. From May 15, 1948
to March 31, 1949, receipts were I.L. 28,-
885,000 and expenditures, I.L. 27,529,000.
From April 1, 1949 to March 31, 1950,
receipts were I.L. 92,876,000 and expendi-
tures I.L. 93.800,000. From April 1, 1950
to January 31, 1951, receipts were I.L.
113,473,000 and expenditures I.L. 112,-
087,000. These'figures do not include Special
Defense Budget expenditures or receipts from
internal loans financing same.
The American- Financial and Develop-
ment Corporation for Israel with head-
quarters at 120 Broadway, New York 5,
New York, is rate principal underwriter for
the State of Israel Bond Issue. The commis-
sions or discounts are not to exceed 31/2 96.
Two types of Bonds are offered at par
as follows:
(a) interest Searing Bonds Denominated as
Fifteen Year 31/296 Dollar Coupon Bonds.
:interest payable May 1 and Nov. 1
• A firm bond of friendship established between our community
and the community of Israel.
Denominations: $500 • $1,000 •
$5,000 • S10,000 • $100,000
$2,500
(b) Capita/ Appreciation Bonds Denominated
as Twelve Year Dollar Savings Bonds,
Maturity Value: 150% of issue amount
THE SUCCESS OF BIG DAY WILL DEPEND ON VOLUNTEERS
Denominations: $50 • $100 • $250 • $500
$1,000 • $2,500 • $5,000 • $10,000
if yea wish to enroll as a volunteer for BIG DAY fill out and mail this coupon today.
Puither Information, particularly financial information, Is contained in the Regis-
AMERICAN FINANCIAL & DEVELOPMENT CORPORATION FOR ISRAEL
tration Statement flied with the Commission and in a more complete Prospectus
2200 David Stott Bldg., Detroit 26, Mich.
which must be furnished to each purchaser and Is obtainable from the undersigned.
Orders for Bonds may be placed at, and Prospectuses obtained from:
American Financial and Development Corp.for Israel
STATE OF
RIMMIWAM
•
........
not a prospectus or an offer to sell or a solicitation of offers
with Bonds. Please send me a prospectus and further information,
NAMF
BONDS
Ammmts
2200 David Stott Bldg., Detroit, Mich.
This is
Yes, NI be happy to join with other members of our community
to be a volunteer on BIG DAY, Sunday, March 9th—to build Israel
ADDRESS
CITY
to buy these securities. The offering is made only by the Prospectus.
ZONE
STATE