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April 30, 1976 - Image 21

Resource type:
Text
Publication:
The Detroit Jewish News, 1976-04-30

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

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April 30, 1976 21

THE DETROIT JEWISH NEWS

Bank Shareholders Hear Anti-Boycott Resolutions

NEW YORK (JTA) —
Identical resolutions spon-
sored by the American Jew-
ish Congress which require
corporate disclosures of par-
ticipation in the Arab boy-
cott of firms doing business
with Israel or in Arab dis-

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crimination against Jews
were presented last week at
the annual shareholders
meetings of the Bankers
Trust Co. and the Chase
Manhattan Corp.
The resolution was de-
feated at both shareholders
meetings. But it gleaned
300,000 votes among Bank-
ers Trust shareholders,
about five percent of the six
million shares voted, which
automatically qualifies the
resolution for inclusion on
the agenda of next year's
shareholders meeting, ac-
cording to an AJCongress
spokesman.
He noted that the
AJCongress had not solic-
ited proxies because of the
great expense involved in
writing to all stockhold-
ers. It entered the meeting
with only 100 shares — the
proxies for which were
assigned by an AJCon-
gress member — and
emerged with 300,000 votes
which constitutes a
"victory," the spokesman
said.
The results of the Chase
Manhattan voting were not
immediately available. But
an identical resolution pre-
sented at the shareholdgrs
meeting in Boston of the
E.G.&G. Co., an electronics

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against other foreign
countries friendly to the
United States — particu-
larly where such boycott
efforts may cause discrim-
ination against United
States citizens or busi-
nesses — is, in the Board's
view, a misuse of the privi-
leges and benefits con-
ferred upon banking insti-
tutions."
In Boston, the City
Council has adopted unan-
imously a resolution de-
claring that, "as a matter
of public policy, the city of
Boston declares that it will
not trade with any com-
pany or corporation which
practices discrimination
against persons of Jewish
faith."

manufacturer, gained 7.2
percent of the votes, the
AJCongress reported.
The AJCongress pre-
sented statements at the
meetings charging that the
respective banks admittedly
processed letters of credit
from Arab importers which
require American exporters
to certify that they are in
compliance with the boy-
cott.
They pointed out that
this was in violation of a
Dec. 12, 1975 directive by
the Board of Governors of
the Federal Reserve Sys-
tem which stipulated that
"The participation of a
U.S. bank, even passively,
in efforts by foreign na-
tionals to effect boycotts

Zionism Criticism
Expected at UN

UNITED
NATIONS
(JTA) — Israeli sources at
the United Nations expect
an attack on Zionism this
week at the current session
of the Economic and Social
Council (ECOSOC) on the
part of extremist Arab
countries — like Algeria,
Syria and Iraq — which are
already on the list of speak-
ers for this week.
Chaim Herzog, Israel's
UN Ambassador, will also
address ECOSOC this week,
and is expected to answer
charges against Zionism
and Israel if they are
brought up by the Arabs.

ADL Gets Exam
Date Changed for
Observant Jews

NEW YORK — Obser-
vant Jews were able to take
the examination of the Na-
tional Board of Chiropractic'
Examiners last weekend as
a result of schedule modifi-
cations obtained by the An-
ti-Defamation League of
Bnai Brith.
Scheduled last weekend
in 10 cities around the coun-
try, the intensive examina-
tions were originally
planned to be administered
in two parts on April 22 and
April 23, until the ADL in-
tervened on behalf of candi-
dates who complained that
April 22 was the last day of
Passover.
During negotiations
with the Chiropractic
Board which began last
summer, ADL pointed out
that a one day postpone-
ment would not solve the
problem because Sabbath
observers would be pre-
cluded from taking those
portions of the test given
on April 24.
The board eventually
agreed to administer a por-
tion of the examination
after sundown Saturday
and on Sunday, for anyone
whose religious conviction
prevented writing on the
Sabbath.

Job Rights Group
Seeking Members

NEW YORK — The Na-
tional Jewish Civil Service
Employees is holding its
annual membership drive to
recruit new members and
chapters.
The group is organized to
combat discrimination and
to protect the rights of the
Jewish employes in govern-
ment and public service, and
to promote better under-
standing with all other em-
ployes.
For information, contact
Herman R. Fiarman, Chi-
cago Area Regional Vice
President, 7075 N. Paulina,
Chicago, Ill. 60626.

hospital's history, will be
used to establish a pediatric
pavilion at NJH, to be lo-
cated in two floors of the re-,
cently completed 11-floor
4ndrew Goodman Building.
The late Jesse Shwayder
was a pioneer Denver busi-
nessman and founder of the
Samsonite Corp.
The pavilion will provide
70 beds and an eight-bed
special care unit for chil-
dren with asthma or other
chronic respiratory and im-
munological disorders. De-
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tional aspects of
hospitalization, the pavilion
will supply a family-like
setting with children
grouped in "family units"
and sharing many activities
they would share in the
home.

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Hospital Receives $1 Million Grant

DENVER — A grant of
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Jesse Shwayder Foundation
to the National Jewish Hos-
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was announced by Louis De-
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The grant, largest in the

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