Commonwealth Control by Saudi Arabian Citizen Creates A National Issue
(Continued from Page 1)
Pollack is deeply con-
cerned over what has trans-
pired. Biding his time, be-
cause of the many involved
problems confronting Detroit
and because the FDIC is not
expected to act on the Com-
monwealth deal for possibly
days, he said that he will
mulate his attitude a bit
later, possibly at the Corn-
monwealth board meeting on
Feb. 27.
Pollack said on Tuesday
that he is seriously concerned
over what is happening, that
he is not treating the matter
lightly and that he is weigh-
ing the situation carefully.
"It is for me, as it is for
many others, a matter of
American prestige, and I
shall treat it as such," Pol-
lack said. "And my self-
respect as a Jew inevitably
adds to my viewing the situ-
uation in all its gravity."
Freeman's father, the late
Alexander Freeman, at one
time was president of the
bank and its majority stock-
holder. For many Jews the
bank was among the most re-
spected financial institutions.
News of the sale of the
controlling interest in Com-
monwealth was to have been
announced on Monday. But on
Friday a concerned citizen
alerted the newspapers about
the impending sale and the
secret leaked that night. Ap-
parently the plan to withhold
the news for a few days, until
a formal announcement of the
sale of the controlling stock,
was to prevent the rush of
withdrawals. The rush start-
ed, however, on the morning
after the leak of the news in
the several branches that are
open on Saturdays.
The Jewish War Veterans
of Michigan unanimously
adopted a resolution, co-spon-
sored by the JWV's 34 posts
in the state, condemning the
sale of stock to an Arab and
charging it to be a menacing
symptom for America. They
emphasized their protest as
Americans and they saw in
the development a danger•to
the American industrial com-
munity.
Attorney Jack Kraizman
and his son Sidney asked for
an injunction in Wayne
County Circuit Court to block
the sale, because it circum-
vents Federal laws which
prevent f or e i g n nationals
from sitting on the boards of
American banks. Judge Rich-
ard D. Dunn ordered a hear-
ing, which will be heard on
Monday before Judge George
T. Martin.
Gaith Pharaon, who is pur-
chasing the stock from the
Richard Barnes family, was
questioned by Allan Sloan.
Detroit Free Press financial
writer, about Saudi Arabian
participation in the Arab
boycott against Israel, and
the Saudi policy of barring
Jews from entering their
country.
Pharaon replied that he
was not involved in govern-
ment affairs and that the
exclusion of Jews was a gov•
ernment action. But it had
been stated that Pharaon's
father was one of King Fai-
sal's closest advisors.
Sloan also was told by
Pharaon that he saw no rea-
son why Jews should be con-
cerned, since Mobil Oil does
business in Saudi Arabia and
there are Jewish members of
the board of Mobil.
Pharaon's claim that Mobil
Oil has Jewish directors was
not substantiated. Knowl-
edgeable sources said Tues-
day that Mobil has no Jewish
affiliates at all.
Henry Ford II, who attend-
ed the reception and dinner
for Pharaon at the Detroit
Club Monday night, said the
Ford Motor Co. will continue
to do business in Israel, de-
spite Saudi Arabia's anti-
Jewish boycott against firms
doing business in Israel.
Sources here are begin-
ning to believe that the Com-
monwealth purchase will not They say that Pharaon has
generate a large infusion of eight years to pay for the
Arab oil money in Detroit. Barnes stock.
THE DETROIT JEWISH NEWS
Friday, February 7, 1975-5
Daily—Hospital—Sympathy
E CAN FIT YOU!
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GOWNS
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LONG, SHORT STYLES
WEDDINGS BAR /WILL A,
PARTIES SIZES 6 to 34
SHANDELS
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Gang Grenade Kills 5 in Club
(Continued from Page 1)
Israeli officials also report-
ed that Israeli security units
had uncovered during the
past two weeks in the Gaza
Strip a number of terrorist
cells of the "Popular Front
for the Liberation of Pales-
tine" and that some 40 sus-
pected terrorists had been
detained. Among those ar-
rested, it was reported, was
the commander of the
"Front" in the Gaza Strip.
The investigation, which
MONTH
Jan. 13 - Feb. 11
CPur Torah Says: "For man is as a tree
of the field" (Deus. 20:19) . ie mon':
life is similar to the tree that •grows in
the field. Just as „ a tree has roots,
branches, fruits and leaves, so too, does
a" human being have roots, fruits—
which ore deeds-,-leaves—which ore his
words.
PLANT TREES IN ISRAEL
IN THE NAME OF YOUR
LOVED ONES
Perpetuate the memory of family and
friends . . . celebrate Bar Mitzva . .
honor any happy event by planting trees
in the forests and Border Settlements
of Israel!
22100 GREENFIELD ROAD
OAK PARK
MICH. 48237
PHONE 968-0820
covered the entire Strip,
found members in possession
of weapons, explosives and
other demolition devices, as
well as an Arabic-language
typewriter and a mimeo-
graph machine. Several ter-
rorist acts have been report-
ed in the Gaza district in
recent months, including an
attack on an Israeli televis-
ion team on a Gaza main
street in which two team
members were injured.
AFL-CIO Seeks Oil
Ban on Countries
Joining Embargo
NEW YORK (ZINS) — The
AFL-CIO, meeting in emer-
gency session last week, call-
ed for a ban on oil imported
from the Arab nations that
took part in the 1973 embar-
go, and for fuel rationing at
home.
President George Meany
drew the loudest applause of
the day with an attack on the
Arabs and Secretary of State
Henry Kissinger.
"Every American school
child could have told the gov-
ernment how to handle the
blackmail demands of the
Arab oil sheiks. The response
should have been 'not one
cent for tribute,' " Meany
declared.
"Instead," he continued,
"Henry Kissinger had a new
quotation for the history
books: Pay.' And pay we
did. And we will continue to
pay until the United States
deals with the blackmailers
in the manner that they de-
serve. No tribute, no foreign
aid, no jet fighters to these
people — nothing until the
blackmail stops." he said.
Fear God, beware of men.
"BUY 1 SUIT AND GET
1 FOR A PENNY!"
Honest Abe's Birthday Sale starts Monday at our
Lincoln Center Store. You can buy any tagged
suit, sport coat, overcoat, leisure suit, shirt or
pair of slacks for just 10 when you buy a similar
garment at the regular prices. Our last sale was
so successful, we've purchased a fantastic new
selection for this event. Famous names like Petro-
celli, Stanley Blacker and Grenadier . all on sale
for just 10. All prices averaged for extra savings.
LINCOLN'S BIRTHDAY SALE!
LINCOLN CENTER ONLY
GREENFIELD AT 10 1/2 MILE
Shifmant
SALE HOURS: Mon-Wed: 9:30 - 5:30; Thurs & Fri: 9:30 - 9; .Sat: 9:30 - 7.