18—Friday, September 27, 1968

THE DETROIT JEWISH NEWS

Manufacturers Bank Buys More Bonds

•

Manufacturers National Bank has purchased an additional $25,000
in State of Israel Bonds, it was announced by Carroll S. Anderson,
executive vice president of the bank. The purchase was made of the
newly launched Second Development Investment Issue of 51/2 per cent
90-day-on-demand State of Israel Bonds. The new $200,000,000 Issue is
for banks and other eligible institutions. This brings the holdings of
the Manufacturers Bank to $150,000 in State of Israel Bonds. At the
presentation of a check for the $25,000 additional Israel Bonds (from
left) Alan R. Goldman, 2nd vice president; David Pollack, Israel
Bond institutional chairman; Carroll A. Anderson, executive vice
president, and Vernon C. Johnson, vice president of Manufacturers
Bank.

Bank Leumi Official Says Israel Could Train Arabs
in Banking, Technology; U rges Constructive Peace

NEW YORK (JTA)—Israel would
prefer to help develop the Middle
East together with the Arabs, Dr.
Y. Foerder, chairman of the Bank
Leumi Le-Israel said at a luncheon
at the Bankers Club here. "We
would be willing to train the Arabs,
not only in banking, but also in
technological fields, as we are
doing on a large scale in Africa,"
he declared. "This would give us
greater satisfaction than military
victories."
About 100 businessmen, bankers
and banking officials attended the
luncheon given by the First Israel
Bank and Trust Co. of New York,
an affiliate of Bank Leumi.
Beirut, Foerder noted, an Arab
stronghold of free enterprise, has
emerged as the leading financial
center of the Arab world. Even
after the Intra-Bank affair, a scan-
dal that took place in Lebanon, he
said, and the controls imposed sub-
sequently, Lebanon still has more
than 80 registered banks. Interna-
tional liquidity concentrated in the
central banks in Israel is $715,000,-
000, as compared to $281,000,000
in Lebanon, or $196,000,000 in Syria,
Dr. Foerder said.
Libya and the Gulf sheikdoms
are other examples of oil-rich cen-
ters, but so far only Kuwait has
begun to challenge Beirut in the
field of banking, he said. Kuwait,
with its small population, has a
gross national product per capita
of $3,290, as compared to $1,280 in

-

DAWN&

Israel, $480 in Lebanon and $267 in
Egypt. The banker declared that
the percentage of its gross national
product which Israel has to spend
for defense is out of all propor-
tion, and the expenses are increas-
ing. "Everything possible must be
done to secure peace in the Middle
East and to utilize the limited re-
sources for more productive pur-
poses," Dr. Foerder said.

Knock's '60 Years' Praises Ike, But Notes 1956 'Blemish'

Arthur Krock, veteran New York
Times Washington correspondent,
in his book "Sixty Years on the
Firing Line — Presidents I Have
Known," in which he describes his
experiences with Presidents since
Theodore Roosevelt, wrote glow-
ingly about President Eisenhower
and praised his record, with this
reservation:
"A blemish on this record, in
both the contemporary and hind-
sight judgment of some experts
in foreign affairs, was the frustra-
tion by the United States of the
Anglo-French-Israeli military ex-
pedition against Egypt in 1956. It
is conceivable that these allies,
probably the Israelis alone, could
have kept the Suez Canal interna-
tional and free for all shipping,

overthrown Gamal Abdel Nasser's general conflict generated in 1967
regime in Egypt and at least post- by the provocations of the Six-Day
poned for a while the threat of War in the Middle East."
In his description of his back-
Women Volunteers Create
ground, Krock wrote that he is a
Libraries In Poverty Schools
fourth-generation American from
BRIDGEPORT, Conn. (JTA) — immigrant stock, stemming from
Nine elementary schools in pover- Germany, that "They were all
ty sections of Bridgeport now have country or small-town people of
library facilities for the first time what is called Jewish descent
(when other Caucasians feel this
as a result of efforts by the local euphemism
is more considerate
section of the National Council of
than
the harsh three-letter word)."
Jewish Women. The Jewish volun-
teers are launching a similar pro-
gram, as the new school year be-
gins, aimed at providing libraries
OUT-OF-TOWN GUESTS
in nine more poverty area public
The CARIBE MOTEL
schools. Once such a library is cre-
PROVIDES YOUR
ated ,it is turned over to the PTA
WITH .
of that school to run.

CONVENIENT LOCATION

New Million-Dollar Jerusalem Y

Woodward near 7 SEle Rd.
Minutes away from everything

LUXURIOUS ROOMS

• Phones • Air Conditioning
• Complete Kitchens
• Wall-to-Wall Carpeting

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• TV and Radio • Parking
• Continental Breakfast

PHONE
TO 8-2662

A dream come true, the newly dedicated building of the Jeru-
salem YM-YWHA was built at a cost of $1,100,000 with funds raised
by the World Federation of YIVIHAs and Jewish Community Centers,
of which the National Jewish Welfare Board is the American mem-
ber. The new facility has club and game rooms, an indoor swimming
pool, outdoor courts for handball and basketball, a gymnasium and
offices. In operation since the beginning of 1968, the Y is already
serving 2,000 members.

Rates
Moderate
Start at
$8.00

Naar 7 Milo Roa4

19630

Woodward

Kosher Meal Requests
Rise at Miami Hospital

MIAMI (JTA) — A sharp rise
in requests for kosher meals by
patients at Mount Sinai Hospital
during 1967 was one element of a
continuation of the growth and
broadening of health services for
residents of the Greater Miami
area, hospital officials have re-
ported. There were 44,976 requests
for kosher meals last year, com-
pared with 28,536 such requests
during 1966.
During 1967, 16,084 patients were
admitted, compared with 15,069
during the previous year. In 1967,
the number of days of care was
190,917, compa7ed with 162,730 in
1968, according to Baron deHirsch
Meyer, hospital president, and
Samuel Gertner, executive vice
president. Similar gains were re-
corded in emergency room visits,
outpatient clinic visits and number
of beds.

BY HENRY LEONARD

Hold this up to youi mirror—
any way you look at it, we're behind you.

"Every Yont Kippur At Rabbi always preaches
about our greed and selfishness. Why doesn't
he- stidc to religion?"
Copr.111$11. Leonard Prilikln

liwi ■ sowsoliNgare.

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