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July 15, 1960 - Image 12

Resource type:
Text
Publication:
The Detroit Jewish News, 1960-07-15

Disclaimer: Computer generated plain text may have errors. Read more about this.

American Savings Reports Record
Gains; Opens Its Ninth Branch

Adolph Deutsch, president of
American Savings and Loan As-
sociation, reports .at total as-
sets as of June 30 were $103,-
338,066, compared wit.. $93,584,-
474 at the same time last year
—an increase of over $9,753,000.
Savings accounts climbed to
$89,379,235, a gain of more than
$10,927,000 over the same peri-
od one year ago. Reserves in-
creased to $5,499,080. A total of
$86,464,507 has been invested
by the association in FHA and
VA mortgages.
American Savings 26th semi-
annual dividend, amounting to
$1,428,638, is currently being
distributed to account holders.
The semi-annual financial state-
ment, mailed to account hold-
ers, shows the record gains in
13 years.
In 1947, when the Association
was founded, it started with
one small office, three em-
ployees and a modest capital
of less than $100,000. Today,
there are eight modern
branches plus the main office
in American Savings' own
building in downtown Detroit's
Civic Center. Since its found-
ing, American Savings has
helped 18,279 Detroit families
purchase homes by issuing

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more than $205,000,000 in home
mortgage loans.
Officers of American Savings
include, in addition to Deutsch:
Samuel Hechtman, senior vice-
president and chairman of the
board; Alfred L. Deutsch, execu-
tive vice-president; Jack Syl-
van, senior vice-president; Na-
than I. Goldin, secretary-treas-
urer; Fred J. Ruelle and
George M. Zeltzer, vice-presi-
dents.
The Association recently
opened its ninth branch at 1305
Wes. 14 Mile Road, in Claw-
son. Henry D. Stricker, Jr., for-
merly manager of American
Savings Telegraph-Schoolcraft
branch, is in charge of the new
office.

Rabb Heads Fund for
Idlewild Synagogue

Maxwell M. Rabb, former sec-
retary to Pr esident Eisen-
hower's Cabinet, now a partner
in the law
f irm of
Stroock &
Stroock a n d
Lavan, in New
York, has
been named
chairman o f
t h e Interna-
tional Syna-
gogue and* :
Jewish Center
at New York
International
port. The ap- Rabb
pointment was made by the
New York Board of Rabbis.
The Idlewild Synagogue will
be adjacent to the Protestant
and Catholic chapels. Rabb will
direct the $1,000,000 building
and maintenance fund for the
international synagogue a n d
center.

Excavating Is Started
at Israel Biblical City

LONDON, (JTA) — Excava-
tions have been started at the
site of the Biblical city of She-
chem, first residence of the
rulers of the northern Israelite
kingdom and first mentioned in
the Bible in connection with
Abraham's entry into Canaan,
it was reported here from the
site, located in the town of Na-
blus in the Jordanian-held por-
tion of Palestine.

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DETROIT OFFICE
Isadore J. Goldstein . . . KEnwood 2-7629

Weston Aids
Student Fund

Dr. Bernard Weston recent-
ly presented a check to Sera
Isbee, president of the Beth
Yehudah Students' Council,
for the Student Scholarship
Fund. The contribution will
provide for the annual educa-
tion of a deserving student at
Beth Yehudah. The fund was
established in memory of the
late Anna Weisberger, Dr.
Weston's mother. Mrs. Weis-
berger was a pioneer of the
Ladies of Yeshivath Beth
Yehudah and one of its active
leaders.

Orthodox School
Denied Subsidy

MINNEAPOLIS, (JTA)—For
the fifth time in its 15-year
his t or y, the only Orthodox
Jewish day school in this city
lost its bid for a subsidy from
the Minneapolis Federation of
Jewish Service.
In June, 1959, the Tor a h
Academy had its application for
beneficiary status rejected by
only two votes, 31 to 29. In the
latest vote, the rejection was
more decisive, 42 to 30 with one
abstention.
The case for the 89-pupil
school, which has a faculty of
nine, was presented by its presi-
dent, I r v i n g I. Kutoff, who
asked for Federation funds only
for the Hebrew department on
a per capita basis in relation to
hours of pupil attendance.
Dr. Albert G. Minda, a rabbi,
urged the board not to get "into
the sensitive area of ideol-
ogies." He said an allocation to
the Academy would lead in that
direction.
I. D. Fink, immediate past
president of the Federation,
argued that the sponsors of the
school were seeking to pass on
to the general community the
responsibility of operating the
school.

339 Synagogues Are
Established in Israel

Commission Sets August 26 Date
for Vote on Israel's Chief Rabbis

JERUSALEM, (JTA) — Elec-
tion of Israel's two chief rabbis
will take place on Aug. 26, it
has been announced.
The date was fixed at the
first meeting of the newly
designated eight-man election
commission.
The members of the Council
of the Chief Rabbinate, who
also constitute the Supreme
Religious Court, will also be
elected on the 26th.
Rabbi Yehuda Leib Maimon,
one of the four members of the
commission designated by the
government, was elected chair-
man of the commission. Three
of the commission will name
te 7. 0 electors who will actually
vote.
Forty-two of these electors
will be from the rabbinate. The
remainder will be .proposed by
the local secular authorities.
Dr. Yitzhak Nissim will be a
candidate to succeed himself as
Sephardic Chief Rabbi. Chief
Chaplain Shlomo Goren of the
Israel Army and Dr. Joseph B.

Soloveitchik of Boston have
been prominently mentioned for
the post of Ashkenazic Chief
Rabbi.
The office has been vacant
since the death last July of Dr.
Yitzhak Halevi Herzog.

Paralytic polio cases in Mich-
igan last year totaled 145, com-
pared with 557 in 1958. Much of
the credit for the drop goes to
polio vaccine, according to the
Michigan Department of Health.
To prevent paralysis, every per-
son, especially children and
adults under 40, should be given
I four doses of the vaccine.

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Deluxe Accommodation—rates from $67.50 weekly, dbl. occup.
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Supervised by Canadian Jewish Congress
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JERUSALEM, (JTA) — A
total of 339 synagogues have
been established in Israel
GENOA CITY, WISCONSIN • JUST 1 HOUR FROM CHICAGO
during the past year. Rabbi Yaa-
cov Toledano, minister for Reli- Detroit Office

Isadore J. Goldstein

KEnwood 2-7629
gious Affairs, reported that 21

of the new houses of worship
were special youth synagogues.
Israel's Christian population
totals 52,000 of whom about 1,-
000 are clerics, Rabbi Toledano
reported. There were some 200
Christian churches throughout
driving to
the country. During the year,
W)-HTCOMB. Sulphur Springs
the Ministry maintained 80
mosques and paid the salaries
of 190 Moslem religious func-
-3; hours from DETROIT via
tionaries. This year's budget
Golden Belt Expressway ( Route 941
provides for the establishment
in Jaffa of a Moslem religious
ALL nits .
library.
YEAR 'ROUND RESORT HOTEL

Investigate Murders
after Nazi Confessions

FRANKFURT, (JTA) — The
Kassel Office of Prosecution an-
nounced formation of a special
committee to investigate the
murder of more than 500 Jews
in Slutzk, Byelorussia, on Oc-
tober 24, 1941 after Frank
Lechthaler and Willy Papen-
kort, former members of a Nazi
police battalion, had been ar-
rested and had admitted partici-
pation in the mass murder.

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