Remoteness of. Israel-Arab
Peace Revealed; 1954 Bond
Issue Approved by Israelis

DETROIT JEWISH NEWS-7
Friday, October 2, 1953

vate business would undertake
because of absence of profit in-
centive. He emphasized that if
it were not for Histadrut, the
economy of Israel would today
be in much worse shape than it
is.

cities during October and Nov-
ember. Former President
Harry S. Truman will be the
guest of honor at the Chicago
celebration Nov. 28.

Beba Idelson, a member of

troops, constitute a striking
_force which the United States
cannot and should not over-
look."

Declaring that he thought
more could be done to en-
courage the entry of private
capital into Israel, Mr. Mor-
genthau said he "would like
to see the Histadrut get out
of private business." This re-
mark provoked a protest on
the floor from Meyer Brown,
leader of the American .Zion-
ist Laborites.
Leon H. Keyserling, former

delegates that the Israel gov-
ernment had decided to call
on Henry Morgenthau, Julian
Venezky and Henry Montor
"to accept the responsibility"
for planning and launching a
new Israel bond issue in the
United States in 1954. Mr.
Eban added that Israel's first
bond issue, launched in this
country in May 1951, brought
$160,000,000 in new capital to
the Jewish State.

The Israel diplomat scored
what he described as "interna-
tional indulgence to the Arab
policy of regional hostility." He
said that signs of reduced ten-
sion in other sectors of the
world are not evident in Arab
policy "which finds itself in-
creasingly out of harmony with
the conciliatory. atmosphere of
contemporary international re-
latiOns."

Referring to Syrian opposi-
tion to Israel's Jordan River
project, Mr. Eban noted that
"the Security Council's ban on
blockade practices is defied
without evoking protest or
pressure, while the same
Council's explicit encourage-
ment of development work,
provided land rights are res-
pected, is repudiated at the
first .clatter of Syrian threat."

In view of the Arab attitude,
Mr. Eban stated, Israel "sees no
virtue in entreating its neigh-
bors for a peace settlement,
which. would redound as much
to their advantage as to our
own." He stressed the impor-
tance of concentrating Israel's
energies to make the state se-
cure.
"We are just as capable of
redoubling our strength in the
next five years as we were in
the first five, and have many
other avenues of political and
economic consolidation to oc-
cupy our effort and resource in
the coming years," he said.
"Having endured two millenia
without statehood, we should
not lack the patience to endure
a mere decade without peace if
our neighbors so decree."
Mr. Eban noted that in some
circles "we still read and hear
the astonishing theory that Is-
rael, smallest and most be-
leaguered of states, should con-
sider yielding territory to the
vast and voracious Arab em-
pire."

Henry Morgenthau, Jr.,
former U.S. Treasury Secre-
tary, warned the delegates to
refrain from using the "power
of the purse" to influence the
political or economic policies
of the State of Israel. Mr.
Morgenthau, chairman of the
board of governors of the Is-
rael Bond Organization, said:
"The way in which the State
of Israel runs its business is
its own affair. Whether the
Jews of America or any other
country use the power of the
.purse to pressure the State of
Israel into certain actions, the
violation of:Israel's sovereignty
is unforgivable."
Reporting that since May 1,
1951, the first Israel Bond Issue

enlisted more than 600,000 sub-
scribers with total subscriptions
exceeding $160,000,000, Mr, Mor-
genthau said this represented
the largest loan obtained direct-
ly from the American public by
any foreign government since
the end of World War II. He
emphasized that despite severe
hardships, Israel has not de-
faulted on a single obligation in
the five years since her estab-
lishment.
. Pointing out that Israel could
put 250,000 soldiers "on our side,"
he said: "in the fast, changing
European political scene, 250,000

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chairman of the President's
Council of Economic Advisers,
told delegates that Israel's im-
proving economic position lays
the basis for the flotation of a
second Israel Bond Issue in the
United States.
David Horowitz, governor of
the Central Bank of Israel and
former director general of the
Israel Finance Ministry, who
arrived in the United States two
days earlier to report on the Is-
rael economic situation, said
that Israel suffers from a scar-
city of two commodities "with-
out which integration of new
immigrants is impossible — time
and capital."
Stressing the importance of
the bond issue, Mr. Horowitz
said that funds from that source
were used to establish 1,466 new
industrial plants now producing
a wide-range of commodities.
The phosphate deposits of the
Negev, he said, are already sup-
plying the needs of the country
for that kind of fertilizer. He
said the exploration of copper
and iron deposits was already
in full swing.
Rep. Emanuel Celler told

delegates that he felt the new
Administration would be mis-
taken to - send arms to the
Arab states, for such an act

"mould be a strike against
peace." He told the delegates

of the Arabs' hostile attitude
and warned that they might
resume hostilities if given
heavy American arms supplies.
He said that the Arabs, in-
stead of directing their hos-
tility against the Soviet Union,
have continuously hammered
away at Israel.
Sen. James E. Murray, of
Montana, told the delegates
that he has long been in-
terested in Israel and had
met many Zionist leaders and
that one who impressed him
as among the greatest was
Rabbi Stephen S. Wise, This
remark w a s vigorously ap-
plauded because it was inter-
preted by the audience as an
endorsement of the late rabbi
whose loyalty was questioned
in material recently distri-
buted by the House Committee
on Un-American Activities.

tary of the Working Women's
Council of Israel, told the ses-
sions that the women of Israel
are "just as emancipated as the
women of America."
Women's divisions throughout
the United States have sold
more than $25;000,000 in Israel
bonds, Mrs. Alex Lowenthal, of
Pittsburgh, newly - chosen na-
tional chairman of the Israel
Bond Women's Division, re-
ported to the conference.

This is the time to get the best deal on a beautiful new

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The attack on Histadrut by
Morgenthau elicited strong
statements in defense of His-
tadrut by a spokesman for the
Labor Zionist movement and
Harold J. Goldenberg, of Min-
neapolis, director of the in-
vestment center in Israel. Mr.
Goldenberg declared Mr. Mor-
genthau's remarks about His-
tadrut represented "a mis-
taken notion of everything
which is good in Zionism."
Describing himself as a "pri-
vate capitalist who believes in

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free enterprise," Mr. Goldenberg
characterized the Histadrut as
a "t r e m e n dous organization
without which we would not
have Israel today." He said that
some rumors about Histadrut's
leged control of business could
be described as a "canard" or
"lie." The rumors to which he
referred pertained to allegations
that the Histadrut demands a
51 percent interest in new busi-
nesses.
Following Mr. Morgenthau's
remarks, a special meeting was
held by representatives of the
Poale Zion, Farband, and Pio-
neer Women. They .drafted a
statement which Meyer Brown,
coordinating director of the
Labor Zionist movement, sought
to read to the conference. The
chair refused Mr. Brown per-
mission to read it, so Mr. Brown
issued it to the press.
The statement held that Mr.
Morgenthau contradicted h i m-
self because he had urged
American Jews not to interfere
in Israel's internal economic
and political problems yet in the
same speech had attacked the
I s r a el labor organization. It
pointed out that the Histadrut
does not maintain private busi-
nesses because "e verything
created in Israel was in a collec-
tive and cooperative nature."
Stressing that Histadrut does
not oppose private initiative, the
statement said the organiza-
tion's operations were similar to
cooperative movements fostered
by labor in Scandinavia, Bel-
gium, and England. The Hista-
drut, said Mr. Brown, did pio-
neer work in fields which no pri- kft.

I

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Traveler's Checks
U.S. Savings Bonds
Land Contracts
Collected

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a

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Dr. Israel Goldstein, chair-
man of the New York branch
of the bond drive, told how Is-
rael's physical s e cur i t y and
political security cannot . be
viewed "apart from its .economic
security." He called attention
to plans which have been made
to celebrate the 3,000th anniver-
sary of Jerusalem with a massive
rally in New York's Madison
Square Garden. He said pro-
ceeds, estimated at $5,000,000,
would be a gift to Jerusalem to
be used to improve that city's
water supply, electric power and
industrial development.

:74e 21eiroit ( 9etviih Communitt j 'J

and Peception

to

J if arry Cohen

Israel Emigration Exceeds
Immigration, Official Reports

Emigration from Israel now
.e x c e e d s immigration entering
the country, Horowitz told dele-
gates at the closing session of
the conference. The way to
check this trend, Horowitz said,
was to improve economic condi-
tions through support of the Is-
rael Bond Issue.

The last sessions of the con-
ference were devoted to the
inauguration of the final
phase of the first Israel Bond
Drive. Delegates reported on
plans for Israel bond-spon-
s o r e d celebrations of the
3,000th anniversary of Jerusa-
lem h New York and other

The family of the late Esther
Frommer wishes to thank its
relatives and friends for the
many kindnesses extended dur-
ing its recent bereavement.

A WORD OF ADVICE FROM YOUR FRIEND . ,

WASHINGTON, (JTA) — Is- men, representing first class the Knesset and general secre-

rael Ambassador Abba, Eban, ad=
dressing the National Economic
Conference for Israel, indicated
that he saw little prospect of
peace with the ArabS in the next
five years. The three-day con-
ference is sponsored by the or-
ganization directing the sale of
Israel bonds in the United
states.
The Ambassador told the 800

CARD OF THANKS

on the Occasion of His 70th Birthday

Tuesday, October 6th, 8:30 P.M.

Congregation Shaarey Zedek

Chicago Blvd. at Lawton

Social Hall

Under sponsorship of Jewish National Fund Council, with the cooperation of JNF Aux-
iliary, Zionist Organization of Detroit, United Hebrew - Schools, and Shaarey. Zedek.
Abe Kasie, chairman, Harry Cohen, Testirnonial Committee:

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