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April 12, 1963 - Image 4

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Text
Publication:
The Detroit Jewish News, 1963-04-12

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THE JEWISH NEWS

Passover in USSR

incorporatrng . the Detroit Jewish Chronicle commencing with issue of July 20, 1951

Member American Association of English—Jewish Newspapers, Michigan Press Associations, National
Editorial Association.
Published every Friday by The Jewish News Publishing Co., 17100 West Seven Mile Road, Detroit 35,
Mich., VE 8-9364. Subscription $6 a year. Foreign $7.
Second Class Postage Paid At Detroit, Michigan

PHILIP SLOMOVITZ CARMI M. SLOMOVITZ SIDNEY SHMARAK

Editor and Publisher

Business Manager

Advertising Manager

HARVEY ZUCKERBERG

City Editor

Sabbath Scriptural Selections
This Sabbath, the nineteenth day of Nisan, the following Scriptural selections will be read
in our synagogues:
Pentateuchal portion, Hol ha-Moed, ,Ex. 33:12-34:26, Num. 28:19-25. Prophetical portion,
Ezekiel 36:37-37:14.

Licht benshen, Friday, April 12, 6:51 p.m.

Scriptural Selections for
• Concluding Days of Passover
Pentateuchal portions: Monday, Ex. 13:17-15:26, Num. 28:19-25; Tuesday, Deut. 15:19-16:17,
Num. • 28:19-25.
Prophetical portions: Monday, II Sam. 22:1-51; Tuesday, Is. 10:32-12:6.

VOL. XLIII. No. 7

Page Four

April 12, 1963

Israel's Crisis: Her Defense Needs

Whatever the result in efforts that are
being made by Israel and her friends to
prevent a calamity that could result from.
the imbalance of arms provisions which
is making the United Arab Republic the
stronghold in the Middle East, one thing
is certain: Israel is on the defensive, she
must protect herself, the Israelis must
secure the necessary arms to assure their
security, and every time her war:threaten-
ing neighbors secure additional arms,
whether it is with funds provided by the
United States for other purposes or by
outright arms provisions from the Soviet
Union, she must find a way to counter-
balance the menacing dangers.
This becomes evident from the revela-
tions about the activities of German scien-
tists who are preparing nuclear weapons
in Egypt.
The reported interview in Munich of
a German engineer by a British writer,
Sefton Delmer, who for 30 years has been
following closely the developments in
Germany, throws some light on a situa-
tion that could become frightening for
Israel. According to Delmer, large groups
of German scientists are working on non-
conventional armament programs in Egypt
in violation of Germany's "basic law"
which forbids the Germans to undertake
actions "designed to disturb the peace or
the full co-existence of nations or to pre-
pare war of aggression."

Delmer charges that the German
projects in Egypt "employ Nazis who are
helping Gamal Abdel Nasser. with a plan
to liquidate the survivors of Hitler's terror
and the State they built in PaleStine," and
he quotes the German engineer he has
interviewed as revealing to him that he
was a member of a team of 300 German
aircraft technicians working in Egypt
under Hitler's aircraft designer, Prof.
Willy Messerschmitt.
Among the facts revealed are that
Germans are buildina for Nasser two vast
factory complexes at b Helouan on the Nile
and that the projected planes are designed
to be powerful weapons of attack.
While reporting that Nasser has pour-
ed in $280,000,000 of Suez Canal revenue
into the Helouan project and that Messer-
schmitt insists on "cash payment for
every screw delivered," Delmer said in
his report froin Munich: "I find it un-
thinkable that Chancellor Konrad Ade-
nauer's government, which always shows
itself fully aware of the Federal Repub-
lic's need to atone for the crimes against
the Jewish people, could have authorized
the Messerschmitt exports."

*
*
Considerably in advance of the dis-
charge—it was announced as a "resigna-
tion"—of Israel's chief security officer,
the New Republic, in one of its foreign
reports, carried the following from Israel
under the heading "The Free-Booters":

Mrs. Meir's charges in the Knesset
that German scientists have been hired
by the Egyptians to help them build
weapons of "mass destruction" for use
against Israel arc probably exaggerated,
but they nonetheless throw a sinister
light on the Arab-Israel arms race. By
weapons of "mass destruction," Mrs.
Meir, the Foreign Minister, was obliquely
referring to what the Israeli press has
been describing as rockets loaded , with
bacteriological, chemical and radiological

material which, on detonation by a con-
ventional explosive, would disperse and
exterminate Israel's two-and-one quarter
million people. Dr. Sanger, a leading
German • rocket expert who was per-
suaded by Bonn to leave Cairo in 1960
but whose students apparently are carry-
ing out most of the research there now,
says, it will be several years before
Nasser will have rockets for "military
use." The Egyptians are particularly lack-
ing in knowledge of guidance systems
and warhead construction. And they are Wall Street Saga
relying on the talents of only a dozen
Germans, not 400 as originally reported.
The latter are employed in constructing
aircraft.
Yet Nasser is making a slow but sure
start on his own Force de Frappe with
which he can terrorize the Israelis and
"The Insiders" by T. A. Wise and the editors of Fortune
Scare his some-time Middle Eastern
allies. Faced with this Israel cannot be Magazine, published by Doubleday, is "a stockholder's guide to
expected to sit tight and be silent. Israel Wall Street." It takes the stockholder behind the paneled walls
has some ground-to-ground rockets and of those who sit in financial power and analyzes what information
will purchase Hawk Missiles from the and in what form investment data is to be issued.
U.S. as a deterrent against Soviet Badger
This attractive book, splendidly compiled, starts with a de-
bombers, owned by the Egyptians. Her scription of "The Bustling House of Lehman." On the inside
nuclear expertise cannot be far behind covers of the book is a sketch of this famous financial house,
that of the Germans at work in Cairo. exposing the interior and showing the large staff at work. The
There has never been any serious dis- story that follows explains what goes on inside that immense set
cussion between the U.S. and the U.S.S.R. of offices of the noted firm. It is a revealing sight and an en-
on turning the Middle East into a lightening account of vast operations.
nuclear-free zone, though the Soviets
The book describes the powerhouses in operation, the men
made the suggestion in 1958. It was re-
garded at the time with suspicion in who set up the rules and the manner in which stockholders'
Washington, for it would have been a rights are protected.
threat to the continuance of the Baghdad
There also is a chapter devoted to men who have broken
pact. The idea now deserves reconsidera- I the rules—swindlers who have harmed investors.
tion. In the meantime, the Bonn govern-
Appendices discuss flexibility of financial reporting, account-
ment is ransacking its statute books to ing principles and the problem of uniformity, which is debated
find laws which could force its rocketeers
Iny authorities who present their views in rejoinders.
to return from Cairo.

Story of Lehmans, Javits Bros.,
Many Notables in The Insiders'

It is doubtful whether Bonn has the
intentions alluded to of calling back its
experts. Also, all indications are that
Bonn's claim that there are only a dozen
German scientists in Israel is a gross
understatement—the figures may run in
the many hundreds.
There still is the suspicion that Egypt
is utilizing Egypt as a testing ground for
her own arms expansion, and if that is
being done at Israel's expense it may
prove to be a crime as immense as Hitler's.
*
*
*
The New Republic's report from Israel
points to another urgent need—that of
disarmament. On numerous occasions
Mrs. Golda Meir, speaking in behalf of
her government at the United Nations,
and David Ben-Gurion, speaking in the
Knesset, declared their people's readiness
to participate in realistic disarmament
agreements. But if the United States and
Russia cannot agree on such an idea of
making the Middle East a nuclear-free
zone, what hope is there for the UN or
for any action by Israel amidst hostile
neighbors?
There is great urgency for the pre-
vention of another armed conflict in the
Middle East. The contention that Israel's
nuclear strength matches Egypt's is an-
other exaggeration in view of the supplies
the latter receives from the USSR. If a
war is to be averted, Israel's position
must be protected. Her war-threatening
neighbors cannot go on speaking in terms
of destruction of an entire people and of
demolition of their state. Since the free
nations have reiterated, and the over-
whelming majorities of the UN member
nations affirm, that one of the conditions
for peace in the Middle and Near East is
the recognition of Israel's• right to sov-
ereignty, that right must 'be assured.

There is an interesting note about Benjamin Javits, who
formed United Shareholders in 1949 and urges stockholders to
join it. This is the reference in "The Insiders" to the Javits':
"Ben Javits is a peppery, fast-talking man, often credited with
having made enough money to finance the political career of
his brother, U. S. Senator Jacob Javits of New York. Both
brothers made their legal reputations in stockholder derivative . .
suits back in the 1930s. Their partnership was broken up only
in 1959---4n part because Ben wanted to take cases before
federal regulatory agencies."

The story continues: Ben Javits received $100,000 from
Twentieth Century-Fox for helping it get rid of cumulative voting
when there was a threat of a proxy fight." •Referring to a case
involving the feminist Wilma Soss and her Federation of Women
Shareholders, the authors state: "Lewis Gilbert supports many
of Mrs. Soss' proposals, but he has been critical of Javits for
helping managements defeat cumulative-voting proposals.
Also playing their roles in financial spheres, as related in
"The Insiders," are Sidney Albert, Adler-Coleman Co., Goldman-
Sachs, Milton and Syovan Cohen, Hertz Corp., Budd Schulberg,
Leopold Silberstein, Harold Szold, Louis Wolfson, among many
others.

'Lehman's, it is told in this volume, would not, until re-
cently, sell its service to show people, "remembering the
needling given Goldman, Sachs by ex-client Eddie Cantor in
the early thirties. Cantor had made a sizable investment in the
Goldman Sachs Trading Corp., the multi-million-dollar invest-
ment company that withered away in the 1929 crash. He later
made this investment debacle part of his act: an actor would
run out while Cantor was on stage, and Cantor would identify
him as 'the man who wants more margin for my Goldman Sachs
Trading stock.' " •
Speaking of the Lehman firm, this stockholders' story relates
that "in atomic energy there was Alex Sachs, a -Lehman associate,
who helped Albert Einstein arouse Franklin Roosevelt's interest
in nuclear fission in 1939; the late John Hancock, who with
Bernard Baruch drafted the first UN plan .to control the atom.
In politics there is Herbert Lehman, ex-Governor of New York,
ex-Senator; in jurisprudence Herbert's late brother, Irving, who
served as Chief Justice of the New York State Court of Appeals."
The story of the Lehmans provides one of the very interesting
portions of this revealing book. While "The Insiders" is offered
as a "stockholder's guide," it is so fascinating a tale that it reads
like fiction. It is a valuable history of finance on Wall Street.

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