Company Protesting M. E. 'Oil' Policy Closes Chase Manhattan Account NEW YORK (JTA)—The Tensor in Bagdad ra9, Libya, Algeria Corp. of New York announced in .11 I Fg are discussing plans for "an open letter to the American closer cooperation among their oil public" in the New York 'l'ion's industries. Jan. 8 that it was withdrImim; The Iraqi government suggested its account from toe Chase Man that - the state-controlled oil indus- hattan Bank to protest warnings tries of these Countries take a unit- from bank president David Itock- ed stand for better terms from the efeller that U.S. policies in the Middle East were causing a loss of American political and economic influence in the Arab world. The letter, in the - form of an advertisement, signed by .lay . Monroe, president of the corporal- tion, urged both "small depositors and giant corporations" to "jot , ' in this protest against a 'dollar diplomacy' based on oil interests." The advertisement cited a re- port on Dec. 22 that Rockefeller and a former Chase Manhattan president, John J. McCloy, had conveyed such warnings at a private meeting with President Nixon. Monroe asked "how much Chase Manhattan's considerable economic interests in the oil-rich region fig- ured in the decision to urge a new policy which would molify the Arabs. Certainly world conditions do not indicate that such a change is in order. Israel is a truly demo- cratic state, a modern oasis sur- rounded by feudal baronies. With the support of cynical Communist countries, the Arab chieftains have attempted to destroy Israel. With the moral support and material help of Americans, Israel has survived so far." Monroe declared that Rockefeller "has apparently decided it is best to put his mouth where his money is. I feel turnabout is fair play. Accordingly, Tensor's occount is being withdrawn from the Chase." He added that Tensor was "not one of the corporate giants, and no doubt Chase Manhatan will carry on very nicely without Tensor's business. But if others—small de- positors and giant corporations alike—join in this protest against a 'dollar diplomacy' based on oil in- terests, our former friends at Chase may learn that free men do not live by oil alone." (Later, in defense of his posi- tion, Rockefeller said he supports Israel' and feels the U.S. "must do all it can to safeguard the security and sovereign existence of Israel." He is in favor of direct face-to-face place negotiations, he said. Meanwhile, the traditional oil producing states of the Middle East, conservative and oriented to the West, are facing a ser- ious challenge from the revolu- tionary Arab states which are for the most part close to the Soviets and are new competi- tors in the international oil game. The Daily Telegraph's corres- pondent, Eric Downton reported that the new pressures are likely - to be generated against the British, American and other Western oil companies operating in the Middle East at the meeting of revolution- ary Arab regimes held last week foreign oil monopolies. Libya has spoken of using Arab oil as a weapon against "pro-Israel Wes- tern imperialists." (Egypt has discovered an oil field in her western desert which is expected to double the country's annual output in five years, the THE DETROIT JEWISH NEWS Friday, January 16, 1970-15 government said. The discovery lies within a concession of the Pan American Oil Co., a subsidiary of the Standard Oil Co. of Indiana. In preliminary tests, one well gave 2,000 barrels of crude oil daily. Another layer gave 49,000,000 cubic feet of natural gas.) Feather your nest... Philly Conservative Class Converts 22 to Judaism PHILADELPHIA (JTA)—A new term will start here Jan. 28 in a course of instruction for non-Jews intending to convert to Judaism sponsored by the Philadelphia re- gion of the Rabbinical AssemblY. the association of Conservative rabbis. Conversion ceremonies were held for 32 students-10 men and 22 women— at Cong. Beth Sholoni. Rabbi Morris S. Goodblatt, who teaches the course, said most of the non-Jews converted for reasons of marriage to a Jew and the rest from the conviction that Judaism was the commitment they wanted. The course consists of a 16-week program of study of Jewish reli- gious law, customs, ceremonies, practices and convictions. Rabbi Goodblatt said the past class was one of the largest since the program was started 10 years ago. Men whose wives or prospec- tive wives are converting must also attend. the. course._ I r•C,<=z, N. 111/111r17 1091 and we'll furnish the tableware! 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