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.