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May 02, 1969 - Image 11

Resource type:
Text
Publication:
The Detroit Jewish News, 1969-05-02

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

Israel Denies That Egypt Offered to Trade Pilot

THE DETROIT JEWISH NEWS

(Direct JTA Teletype Wire
to The Jewish News)

governed by the Geneva Conven- that American officials had inter-
JERUSALEM — T h e foreign lion, and the International Red ceded in any way.
ministry has denied a report that Cross was handling the question
The Evans and Novak dispatch
appeared in the Washington Post of his release. claimed that the 200 Jews were
this week that Egypt proposed I Evans and Novak reported in a the last held in Egyptian jails and
freeing 200 imprisoned Jews in dispatch from Cairo that the pilot that Cairo intended to release
exchange for an Egyptian fighter was the son of a high-ranking them until the pilot was shot
pilot shot down over Israeli terri- Egyptian intelligence officer and down and it proposed an ex-
tory last winter.
that Egypt wanted him back bad- change. The columnists said the
Ministry officials said the re- ly. However, they said, Israel Jews had been moved from a
port by syndicated columnist Row- hoped to extract information from regular prison to a barracks in
land Evans and Robert Novak, him and rejected the exchange the Nile Delta where they remain.
(whose column appears in the De- deal. They said the Israeli Em- The columnists alleged that Is-
troit News) was "completely bassy in Washington was ap- rael rejected an exchange deal
groundless. - They said the pilot proached on the matter by U.S. because Egypt's claim to have
was downed in a military action officials but rebuffed them. The cleared the way for the exit of all
over Israel, that his treatment was U.S. State Department denied Jews who wished to leave would
weaken the force of Israeli charges
that Jews an d
countries and are forbidden to
leave.

Friday, May 2, 1969-11

Designer and Leader of Distinctive Jewelry

FREDRICK JEWELERS

OF BLOOMFIELD

DAVID FREDRICK

Announces the Opening of Our New

Location at

869 W. LONG LAKE ROAD

At Telegraph Road

Birth of Zionist Bank Commemorated
as Milestone on Way to Statehood

Open Daily to 5:30, Thursday to 9:00
Phone: MI 6-0973

The foreign ministry said
Wednesday that the position of
By DR. ALEX BEIN
have already surpassed all expec- Jews in Arab countries remains
The oldest ancl most important tations."
I tragic and that Israel would
banking firm in the state of Israel,
The second congress charged a! continue to do everything in its
"Bank Leumi Lefsrael." has
ori- nine-man committee with the for-I power to keep their plight be-
gins much older than the state it- mal establishment of the Jewish! fore world public opinion. The
self. It was an outgrowth of the Colonial Bank.
i ministry denied that there was
Jewish Colonial Trust. Zionism's
The committee ran into un-. any connection with the case of
first financial arm, founded 70
expected difficulties, however. On the Egyptian pilot.
years ago,
the one hand, the founders want-! Evans and Novak said that Spain
At the inception
of the Zionist ed to ensure the decisive influence offered to admit nearly 50 of the
movement,
the
need was felt for a of the governing bodies of the stateless Jews. France agreed to
Zionist bank to develop the eco- World Zionist Organization on the . take 40 ; Italy 16 and Austria one.
nomy of Eretz Israel and particu- bank's business, while on the "Thirteen others were permitted to
larly the infant Jewish agriculture other, the requirements of English write 'somewhere' as their destin-
which facilities.
was suffering from lack of Law had to be scrupulously coin; ation which is a euphemism for Is-
credit
plied with. The committee also rael, and 26 decided they wanted
TheodorIlerzl regarded such a was handicapped by the fact that to stay in Egypt. It now appears
bank as a central instrument for its members were residents of five that they will all stay in Egypt
the solution of the Jewish question. different countries and that the until Israel releases the pilot."
Although he viewed the incessant provisional subscribers were scat- Evans and Novak wrote.
accumulation of capital, to which tered all over the Jewish world.
State Department officials denied
the Jews had been doomed by their
By December 1898, however, all the report that the U.S. govern-
Galut-history, as a moral curse
these
obstacles
were
surmounted
ment
interceded with Israel to seek
and one of the mainsprings of
modern anti Stunitism, he believed and the bank offices were opened. the exchange of the captured pilot
the detained Jews. The of-
The bank's official name was
that Jewish capital could deliver
the people from servitude and dis- - Jewish Colonial Trust (Juedische ficials said the report was inaccti-
persion and that it would find its Colonial bank) Limited": in He- rate, distorted, and perhaps un-
true vocation in this work of re -
"Otzar Hahityashvut Ilayehu- dermined the status of hapless
demption.
dim." The aims of the Jewish Jews in Egypt.
fi d so
The First Zionist Congress ac- Colonial Trust were defined
Possibly we might even improve
knowledged in principle the need loosely that it was empowered. in
fact
fact,
to
c
conduct
t
b
ocusness
i
of
any the world a little, if we got up
for such a bank and charged the
i
and, in particular, to early in the morning. and took off
actions committee with the pre- d escrption
our coats to the work. — Charles
paration of a detailed plan for its carry out projects connected with ; Dickens.
Jewish
immigration
and settlement
establishment. In "Die Welt" (the
central organ of the Zionist Organ- anywhere.
WE DO
By a resolution of the first
ization). Herzl published the first
detailed article on the project of ordinary meeting of the Jewish
Colonial Trust in August 1899,
the bank. He said that just as Zi ■ m -
22141 COOLIDGE, OAK PARK
TOO
largely under the pressure of
ist philanthropy was being replac -
OPEN DAILY 9 to 7; THURSDAY 9 to 9
Russian
Zionists,
the
scope
of
its
ed by political Zionism, in the
colonization activities was limit-
realm of colonization alms and
ed to "the Orient, especially Sy-
Photographers
contributions should give way to
UN 4-8785
ria and Palestine."
business methods.
Just as Herzl had first attempt-
Zalman David Levontin. former-
s
ed to enlist for political Zionism ly a bank manager in Minsk, and
the Jewish leaders rather than the from 1901 a manager of the Jew-
Jewish masses, so he tried at the ish Colonial Trust in London, sug-
beginning to base the bank on the gested that instead of opening a
active participation of the big Jew- branch of the Trust in Palestine,
ish financiers, primarily the Roths- a special company be set up and
childs.
6 months ago DYNAMIC TIRE SALES
operate in Eretz Israel, and so a
The protracted negoti a tions
new company was set up and reg-
opened for business, which is very much
with Jewish financiers conducted
istered in February 1902, as the
by Herzl himself and his friends,
Anglo-Palestine Co. Limited.
like getting married or having a baby. We
Wolfsohn in Cologne, Nordau in
The articles of the bank did not
Paris and Mandelstamm in Kiev.
disclose any connection with the
were attacked by salesmen; not photo-
ended in complete failure. Jew-
Jewish Colonial Trust. However,
graphers, magazine salesmen or insurance
ish finance refused to be con-
all shares of the Anglo-Palestine
nected with what they regarded
Bank were held by the Jewish
salesmen
. . . but tire representatives. We
as a suspect and dubious enter- Colonial Trust, so that it could at
prise—a bank which by its very. will appoint the directors of the
were
faced
with an important decision—
name and declared aims, stress-
bank. The board of directors of
ed the Jewish angle while the
both the Jewish Colonial Trust and
what to merchandise! We chose DUNLOP,
numerous banks in Jewish hands of the subsidiary company was
a company whose product we could talk
were usually taking good care to
headed by David Wolfsohn.
conceal the Jewishness of their
The foundation of the Anglo-
about sincerely and enthusiastically. We
owners.
Palestine Co. was a turning point
For this reason alone, the ways
know you'll be impressed too!
in the activities of the World
and means for the foundation of
Zionist Organization which, in
the bank had to be no less revolu-
fact, had hitherto had no living
You Don't Have To Drive Downtown
tionary than those which had been
link with Eretz Israel. Now a
employed by the convocation of the
company was set up whose main
To Buy Tires At A Discount!
congress. The Zionist Conference
object was to spearhead the
which met in Vienna in April 1898
practical work of the World
to prepare the second congress re-
Zionist Organization in Eretz
solved to open at once a popular
Israel.
subscription to the shares of the
The Anglo-Palestine Co. develop-
bank. It is noteworthy that no Jew- ed quickly. By August 1904, a
ish bank agreed to serve as agent branch office was opened in Jeru-
for the subscription and this task salem, and other branches were
had to be undertaken by the set up quick succession all over
Schaffhausenser Ban kver ein of the country. The Anglo-Palestine
Cologne.
Co. became the largest bank in
The main vehicle of propaganda Mandatory Palestine, and as
for the bank was "Die Welt" "Bank Leumi LeIsrael," the name
3826 N. Woodward
where a regular column of names adopted in 1951 when it was regis-
223 Main Street
of the subscribers was published. tered in Israel, it is today not only
at 13%z Mile Road, Royal Oak
Rochester, Michigan
On Aug. 5, the Zionist - organ an- the oldest but also the most impor-
- flounced: "We can declare without - tant banking firm in the state of
Phone: 549-7350
Phone: 651-2280
exaggeration that the subscriptions Israel.

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