a Ve-iiiiOiii -Empire1 THE' DETROIT JEWISH' NEWS
FI4chiy,
106V 4
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22 New Settlements Due for Golan Heights Area
Seldom has the success story of to establish a Jewish theological tion. Rabbi Joshua Loth Liebman,
JERUSALEM (JTA)—The Jew- Another project in the region will
the famous author of "Peace of
an immigrant to America combin- school.
be development of six miles of the
Mind," was a member of his fam- ish Agency announced that it will eastern shore of the Sea of Gali-
ed so strikingly great wealth and
In 1875 the Hebrew Union Col-
establish 22 more settlements in
devoted effort on behalf of his lege held its first session in the ily.
lee which had formerly been
the
Golan
Heights,
bringing
the
• •
religion as that of Moritz Loth.
the range of Syrian guns on
basement of a local synagogue.
This brilliant and clever busi- total to 32 since the Six-Day War, within
He was the first president of the Six years later, aided by Loth's
when the Syrian territory was the Heights.
Union of American Hebrew Con- money and fund-raising abilities, nessman, however, lost much of seized by Israel in bloody fighting.
Israel
has approved about 70
gregations, whose nearly 700 con- the college dedicated its first his fortune in an unsuccessful
A Jewish Agency official said requests from Syrians for permis-
battle against the Bell Telephone
gregations now constitute the larg- building.
Company on behalf of a friend that Israel had invested more sion to join their families in the
est liberal religious fellowship in
*
who claimed to own the telephone than $5,000,000 in the Golan occupied Heights, but S yrian
the world.
Loth presided over the Union for patents. After his losses, Loth Heights and planned to invest $5,- authorities refused to let them go,
Loth, the 12th of 22 children was many years, "declining re-election once more turned to speculation- 000,000 more.
it was disclosed in the Knesset last
born to a Moravian Jewish couple after the organization was firmly land in downtown Cincinnati, the
For the time being, settlers are week.
in 1832 and apprenticed to a gold- established," according to the Cin- Queen City of the West—and made using abandoned Syrian army
smith before entering the German cinnati Enquirer. Loth, his religi- another fortune.
camps as temporary quarters. Classified Ads Get Quick Results
army. His enterprising service ous interests notwithstanding, had
When he died of a stroke in 1913,
won him a gold watch and free not neglected his own trading, and
passage to America, where an- with other prominent Cincinnatians it was said of him: "He was a
other brother had a wholesale dry had grown quite wealthy during Jew in the very best sense that
the term implies." By this his con-
goods store in New York.
the era of frenzied finance spark- temporaries meant that, though a
A Cincinnati newspaper, retell- ed by the Civil War and the en- very active businessman, he still
ing Loth's life story in an obituary, suing Reconstruction period. He found time to devote himself to
said Loth had begun the voyage made his money selling supplies Jewish causes. The Union he help-
4131230...has a better idea
with $5, but he "spent consider. to the army and speculating in ed create was the first important
Because they have
able" on the boat and arrived at currency. People in those days of permanent national Jewish religi-
Ellis Island with only a nickle.
currency inflation speculated in ous institution in the United
He soon was in business for "greenbacks." Businessmen of the States.
himself, and speculating in the 1960's would do well to study the
The American Jewish Archives
currency of a local bank brought financial history of the 1860's!
at
on the campus of the Hebrew
him quick riches in Hartford,
Loth was well-known as a busy Union College-Jewish Institute of
Conn.
Religion
in
Cincinnati
has
a
large
writer for the many causes he
* * *
championed, and he even found collection of doctiments dealing
Loth moved to Cincinnati in time to write some books. It may with the Union and Moritz Loth's
14240 W. 7 Mile Road at the Lodge X-Way
1858 and opened his first store on well be that some of his talent efforts to advance it. Dr. Jacob R.
DI 1-3800
Main Street, where he prospered spilled over to the next genera- Marcus is director.
and took an active part in the com-
munity as a writer and lobbyist
1 1
for tax concessions beneficial to
1 1
11
Cincinnati traders. He presided
111 III
over the early Board of Trade and
11 IIhI
111
had a street named for him.
In his religion he was a devoted
follower of Isaac M. Wise, the
lil' ' I , .
founding father of American Re-
111111111 111111111111111111111111111111111:111111.1111111111IIIIIII
1
form Jewish institutions, and be-
CONSOLIDATED BALANCE SHEET—DECEMBER 31, 1968
came president of Wise's Plum
111 ‘'
111 1111 41-11111.1'
51-.1 -Al 1111 1.11111.111111111111:1 111111:11
Street Temple.
ASSETS
* * *
Main Ofitce, Woodward at Fort
$ 619,077,739
-
Cash and Due from Banks
Loth is credited with the idea of
forming a union of American Jew-
Board of Directors
Securities At Amortized Cost:
ish congregations, and it was he
537,511,981
United States Government
A. H. Aymond
who called a conference for this
9,812,156
Chairman-Consumers Power Company
Obligations of Federal Agencies
purpose in 1872. Actually the real
Henry T. Bodman
founder of the Union was Wise,
Obligations of States and Political
Chairman of the Board
who thought it expedient to re-
489,465,325
Subdivisions ..... ...-
main discreetly in the background.
Ivor Bryn
31,163,715
g •es
Other
Securities
President-Mcbouth Steel Corporation
A year later Loth and Wise were
1,067,953,177
successful in establishing the
Harry B. Cunningham
Chairman and President-
Union of American Hebrew Con-
& 5. Kresge Company
Loans:
gregations. Though today primar-
$1,603,923,917
Commercial and Consumer. s.-.
William M. Day
ily a Reform Jewish organization,
Chairman-The Michigan Bell Telephone!
528,834,384
Real Estate Mortgage
Company
at the time of its founding it was
meant to include all the synago-
2,132,758,301
Leland I. Doan
Chairman, Executive Committee-
gues in the country and all the
The Dow Chemical Company
Less Allowance for Possible
Jews of America.
2,086,552,524
46,205,777
Loan Losses
Edward F. Fisher
Loth, the first president of the
Director-General Motors Corporation
Union, used his influence, wealth,
Bank Premises and Equipment (at
Everell
E. Fisher
and skill at propaganda to make
Vice President and Director-
cost less accumulated depreciation
sure that the Union's primary task
Prime Securities Corporation
42,150,291
of $21,808,565)
was accomplished. That task was
A. P. Fontaine
38,396,204
Chairman and President-
Other Assets
The Bendier Corporation
$3,854,129,935
Total Assets
Israel's Commemorative
IRV KATZ
McDonald Ford
NATIONAL BANK
OF DETROIT
—
John B. Ford
Peace Coin Explained
Director-Wyandotte Chemical. Corporation
NEW YORK — The director gen-
eral of the Israel Government
Coins and Medals and Corporation,
Jerusalem, released information
about the 1969 Independence Day
Commemorative Coin "Shalom," to
be issued by the Bank of Israel,
stating it is dedicated to the men
and women who, at the sacrifice
of their lives, safeguarded the uni-
versal right of men to live in free-
dom, in independence and in peace.
On the obverse of the coin ap-
pears the four letters of the He-
brew world "Shalom," of which
the first letter "Shin" is designed
in the form of a candelabrum,
three of its seven branches ap-
pearing on the right side.
On the reverse appears part of
the verse from Deuteronomy 34:6,
about the death of Moses: "And
no man knoweth his place of bur-
ial." The words are arranged in
the shape of a cairn, similar to
the "Gal-Ed", a heap of stones,
which Israel's soldiers raised be-
side the battlefields in memory of
their fallen comrades. Beside the
cairn are a-net-covered helmet and
ay olive sapling with its roots.
The U.S. federal mint in Den-
per has agreed to mint the greater
part of the yet uncirculated silver
coins. The remainder, earmarked
for local and will bear a special
mint mark, the Hebrew letter
"Kof."
-
John F. Gordon
Director - General Motors Corporation
LIABILITIES AND CAPITAL FUNDS
Deposits:
Demand
individual Savings and Time...
Other Savings and Time..
Joseph L. Hudson, Jr.
$1,782,200,513
1,335,958,540
•
1111= 111M11
324,889,451
MD
. M111
Other Liabilities:
Funds Borrowed - - -
Unearned Income and
Sundry Liabilities.;
3,443,048,504
111,951,984
2,555,000,488
Capital Funds:
Convertible Capital Notes
(5% Due 1993)
as
Common Stock, Par $12.50
(Authorized 5,800,000 Shares;
Outstanding 4,800,000 Shares)..
-
Surplus
Undivided Profits: a ass
s
Ralph T. McElvenny
President-American Natural Gas Company
Ellis B. Merry
Chairman of the Executive Committee
F. W. Misch
Acting President-Wabash College
$ 51,499,375
60,452,609
President-The J. L. Hudson Company
Peter J. Monaghan
Partner-Monaghan, McCrone,,
Campbell & Crewmen.
George E. Parker, Jr.
Attorney at Law
Robert
B. Semple
President-Wyandotte Chemicals Corporates
Nate S. Shapero
50,000,000
Honorary Chairman and Director-a
Cunningham Drug Stores. Inc.
Austin Smith, M. D.
60,000,000
140,000,000
49,129,447
Chairman and President -
Parke, Davis & Company
A. Stinson
299,129,447
George
President-National Steel Corporatiell
Dwight L.
Stocker
Consultant-brown Company
Total Liabilities and
Capital Funds
Robert M. Surdam
$3,854,129,935
President
Donald F. Valley
Chairman, Finance Committee..
B. S. Kresge Company
Assets
carried at approximately $304,000,000 (including U. 8. Government Securities carried at
$118,972,860) were pledged at December 31, 1968 to secure public deposits (including deposits of
$47.699,143 of the Treasurer, State of Michigan) and for other purposes required by law.
Michigan's Leading Bank
Member Federal Deposit Insurance Corporattall