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