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September 15, 1967 - Image 5

Resource type:
The Detroit Jewish News, 1967-09-15

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

Friday, September 15, 1967—S


Boris Smolar's


'Between You
. . and Mei


(Copyright 1967, JTA Inc.)

ISRAEL BONDS FRONT: The new $500,000,000 Israel Bond drive which
is being proclaimed this weekend at a three-day national conference
in New York is actually a continuation of the current $400,000,000 Bond
issue which was sold out in this country earlier than expected . . .
The successful sale was due to the Israel-Arab Six-Day War which
ended so gloriously for Israel .. . The amount of money raised during
that critical period for Israel through the sale of Israel Bonds can still
not be revealed . . . But it is sufficient to state that more Bonds were
bought by Jews — and non-Jews — during that brief period than during
a full year of the sale of the Bonds under "normal" circumstances
. . . Visualizing that before this year is over, there will be no Israel
Bonds of the current issue left for sale, Dr. Joseph J. Schwartz, the
able and highly respected executive head of the Israel Bond campaign,
advised the Israel government of the necessity to plan a "renewal"
issue of the Bonds — and this time for $500,000,000 ... The emotional
buying of Israeli Bonds started when Nasser transferred a large part
of his armed forces to the Gaza area and placed them face to face
with Israel . . . It was then clear to every friend of Israel in the
United States that this meant war against Israel and that Israel would
need cash — a lot of cash — to maintain its economy during the war
. . . Nobody could, of course, predict how long the war would last,
but Jewish leaders in this country mobilized American Jewry for
immediate and maximum financial aid to Israel through the United
Jewish Appeal and the intensified sale of the Israel Bonds . . . The
results of the response are by now too well known as a milestone in
the history of American Jewry . . . They will never be forgotten also
by the Israelis when the history of the Six-Day War will be written
from a wider perspective.

FACTS AND FIGURES: To realize to what extent the Israel Bonds
were bought in the critical days of the Six-Day War, it is sufficient
to say that organizations and groups which never bought Israel Bonds,
had this time acquired Bonds in the worth of millions of dollars . . .
The Federation of Jewish Philanthropies in New York — one of the
Jewish bodies that never bought Israeli Bonds — had in those days
purchased $1,000,000 in bonds . . . So did the Jewish Federation in
San Francisco ... So did other Jewish and non-Jewish groups, includ-
ing labor unions which have practically no Jewish members . . .
To ay. The United Automobile Workers Union has a very large
folio of Israel Bonds . .. The Teamsters Union and other unions
can also boast of having large investments in Israel Bonds . . . What
is even more striking is the fact that, in recent years, more than 1,200
American banks have acquired substantial amounts of Israel Bonds
. . . And banks, as it is well-known, do not invest in bonds just for
sentimental reasons ... This can also be said about the 1,700.000 individ-
uals who subscribed to Israel Bonds during the 16 years of the bond
sale . . . A great majority of them are, of course, Jews; but the
records of the New York headquarters of the Bond campaign show
that quite a number of non-Jews have purchased the bonds . . . This
is because the Israel Bonds have provided themselves a very good
investment. paying good interest and being redeemed in good Amer-
ican cash .

A "GOOD SELLER": Israel Bonds — the cash of which is being
used by the Israel government for expanding Israel's economy —
had been a "good seller" all these years and there is no doubt that the
new $500.000,000 Bond issue will be even a greater success . . . It is
quite clear that at least for the next 10 years the Arab rulers will not
dare to engage in a war with Israel . . . And who knows? Maybe
within the next few years some kind of an understanding for peace-
ful co-existence may be reached between the Arab states and Israel
. . . Investments in Israel are therefore now safer than ever before.
and buying Israel Bonds is definitely now safer than during the
critical days of the June war when the sale of Israeli Bonds reached
its highest peak in the United States . . . Unusual economic achieve-
ments are anticipated in Israel, now that war clouds no longer hang
over the country . . . Even before the June war, Israel was concen-
e development of profitable industries to increase its
trating n
The new Bond issue will enable Israel to go further and
export .
faster ' the development of its economic potentials . . . American
who have for the last years bought more and more Israel Bonds
mostly for sentimental reasons, will now intensify their buying. con-
sidering Israel's potential for future growth and the factor which
motivates investors in general.

-- —
Baltimore Sun Warns Against Mixture
of Black Nationalism, Anti-Semitism

Baltimore Sun warned Monday that
anti-Semitism was being mixed
with Black Power extremism to
create "an indigestible political
stew, which, if swallowed could be
In an editorial-page column.
Gerald Griffin said that Black Pow-
er advocates had displayed anti-
Semitism "too many times to be
accidental." He said that "those
who make use of it describe their
position as anti-Zionist rather than
anti-Semitic but in the context of
their resolutions and literature.
this distinction is not impressive."

The article held that "this ex-
ploitation of anti-Semitism by
Black Power extremists appears
to stem in part from the Com-
munist line of support of the
Arab states vs. Israel, in part
from feelings among Negroes in
the slums against some shop-
keepers and in part from the
sheer opportunism and irrespon-
sibility which make anti-Semi-

tism profitable to white racists.
It feeds on the worst -human in•
stincts, as Hitler demonstrated.
The appalling irony now is that
the Black Power extremists have
made themselves look so much
like the white supremacists:"

Reference was made to the re-
cent "new left" convention in Chi-
cago with the comment that "this
political mess attempted at Chi-
cago is as ugly as it is potentially
poisonous, and its implications
should be widely understood."
Extreme black nationalism, the
article said. "promises violence and
destruction." But when, it added.
"a streak of anti-Semitism. typical-
ly blind and nasty, is applied to
black nationalism, along with an
assortment of Russian, Chinese,
and Castroist Communism, the pro-
! duct is thoroughly vicious. Wheth-
er its fomenters know what they
are doing, or are groping in the
darkness of their impassioned ig-
norance. the result is equally de-
plorable and obnoxious."











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