LEON KEYSERLING, noted economist, addresses the
plenary luncheon session of the annual Israel Bond share-
holder's meeting last Sunday. Seated at the left is DAVID
SAFRAN, chairman of the day's meeting.
Anti-Semitic Echoes in Germany, France
BONN, (JTA) — A bill of in-
dictment has finally been com-
pleted against Gustav Sorge
and Wilhelm Schubert, accused
of numerous cruelties and mur-
ders of Jews and other prison-
ers at the notorious Sachsen-
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hausen concentration c a n-i p.
ULM, Germany, (JTA)—Two
of ten defendants in the largest
war crimes trial before a Ger-
man court since the war testi-
fied they carried out orders to
execute Jewish men, women
and children from Lithuania
with the greatest repugnance
and in consonance with orders
from above. The ten are all for-
BONN, (JTA) — A Social
Democratic deputy in the Bun-
destag has called on the Bonn
Interior Ministry to dismiss the
Chief Federal Attorney of the
Berlin Administrative Courts
on the grounds that during the
Nazi regime he wrote anti-Se-
mitic propaganda and actively
supported the Nazi "solution"
of the "Polish and Jewish ques-
tions."
PARIS, (JTA) — The monu-
ment to the Unknown Jewish
Martyr here was defiled by van-
dais who painted anti-Semitic
slogans on the memorial to six
million Jews murdered by the
Nazis.
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Planning for another $1,000,-
000 year, a large number of
Israel Bond holders turned out
last Sunday at the Statler-Hil-
ton Hotel here to discuss ways
of reaching that goal and to
hear two experts re-emphasize
the importance of attaining it.
Addressing the luncheon ses-
sion were economist Leon Key-
serling, who served as chairman
of President Truman's Council
of Economic advisers, and
Michael Arnon, Press and In-
formation Chief of the Israel
Embassy in Washington, D. C.
First, Arnon, in reviewing
Israel's 10 years of progress,
and then Keyserling, speaking
on the second decade, pointed
to the importance of the Israel
Bond campaigns in the past and
future of Israel's development.
Emphasizing that there are
two key problems that the
Jewish state has not solved in
its first decade, Arnon said that
one, the achievement of eco-.
nomic security, has been post-
poned ourselves, while the
second, the creation of an
atmosphere of peace, is not
a result of Israel's choosing.
"If Israel did not open its
doors to new immigrants, we
would have achieved economic
independence long ago. But we
did not want that, nor did you,"
Arnon said. "We all wanted
Israel to keep her doors open to
aid our people to find a .haven."
Stating that the problem of
achieving economic independ-
ence and reaching a peace
agreement with Israel's Arab
neighbors were inter-related,
Arnon said, "Were Israel able
to spend the funds it is forced to
use for defense toward con-
structive projects, we also
would be farther ahead on the
road to economic security."
He said that militarily,
through the Sinai campaign,
and politically, the Arabs are
coming to the realization that
Israel can not be moved. How-
ever, Arnon added, when the
Arabs realize that Israel is
economically sound, too, they
will realize fully that the
country is there to stay.
Keyserling, in dollars and
cents logic, spoke of Israel
Bonds as being a safer invest-
ment today than at any time
during the bond- campaign.
He said that Israel has been
expanding its real wealth at
the rate of 10 to 15 percent per
year. "Any nation that can do
this," Keyserling said, "is in-
creasing its reservoir of assets
for carrying its borrowings.
Bonds are actually safer today
because while Israel's asses
are growing, investments are
lagging."
The economist said that "we
must gain a better understand-
ing of what the Israel Bond
does and, at the same time,
get a better idea of what we
can afford."
He charged that the American
Jewish community was
w falling
far short of its potential ability
to purchase Israel Bonds.
A few years ago, Keyserling
said, when people were ap-
proached to purchase bonds,
they chose instead U. S. se-
curities which paid a higher
interest rate. Now that the
market has fallen, they claim
they can't afford to invest in
Israel Bonds.
"Before," Keyserling said,
"we were not buying bonds be-
cause we were too prosperous.
Now, we can't invest because
we're not . prosperous enough.
"If the community had been
buying $300,000,000 to $750,000,-
000 in Israel Bonds a year, there
would be some logic in saying
we must reduce our goals dur-
ing this time of recession," he
added. "But since we are buying
only $40,000,000 to $60,000,000
a year, we are tremendously
below our economic capabilities
and Israel's needs."
Keyserling said that while
the present recession is serious,
it is far from being dangerous.
He predicted that within a maxi-
mum of a year's time we will
snap back, as the country did
previously in 1949 and 1953.
Much more important than
how this temporary recession
comes out, Keyserling indicated,
is how the world comes out.
"Let us realize that at present
two countries have the ability to
wipe out everything else. In 10
years, there will be 10 countries
that will have this power.
"What will happen," he
asked, "when irresponsible gov-
ernments get hold of this power
of destruction? It is not a ques-
tion of size any more, but of
power. We must reconvert from
the power of destructive com-
petition to one which can do
more for human advance."
He placed the sale of Israel
Bonds in the latter category.
The luncheon session was
chaired by David Safran, chair-
man of the meeting, who
pointed out that since the in-
ception of the Bond drive in
1951, Detroit has sold over $8,-
250,000 in bonds. He asked for
greater support than ever "in
tribute to Israel's 10th anni-
versary year."
Another luncheon speaker Was
Mrs. Philip Helfman, chairman
of the Women's Division, who
said that already women's
groups have been responsible
for raising $67,000 this year.
At the morning session, a
combined panel of congrega-
t i o n a l and organizational
leaders, chaired by Judge Victor
J. Baum, outlined their goals
and sought ways to increase
Israel Bond sales. Participants
were Phillip Stollman, Elias
Goldberg, Mrs. Philip Bernstein
and Mrs. Joshua Sperka.
A new and excellent Israel
Bond film, "Our Ten Best
Years," narrated by Eddie Can-
tor, was shown.
JOHNNY LEBOW
IS NOW
GENERAL MANAGER
OF
HANLEY DAWSON
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3-THE DETROIT JEWISH NEWS -- Frida y, May 23 , 1958
Detroit Bond Leaders Set Sights
for 'Another Million Dollar Year'