16 Friday, September 6, 1985 THE DETROIT JEWISH NEWS
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nancial institutions, only spread. Within the last year,
these monies can be loaned a new young adult contin-
to Israel. They go directly to gent, the New Leadership
the hard currency reserves of Division of the Detroit Bonds
the State of Israel and are organization was created.
used for the economic de- Beyond that, Bonds has ap-
velopment of the country." proached the non-Jewish
And Hermelin has seen world for investment in Is-
that development first hand. rael. Hermelin speculates
On his many trips to Israel, that about 30 percent of all
he says he has watched how Bonds sold are bought by
bare land has been turned non-Jewish firms and indi-
into development and indus- viduals. In its outreach ac-
trial towns. He has watched tivities, Bonds has arranged
the creation of utilities and trade delegations to Israel,
wheie the CEOs of major in-
telecommunications
facilities, ports, power sta- surance, banking and other
tions, factories and roads. firms have been taken to Is-
"It's a great joy" to see such rael to see first hand the re=
development," he says, "It sults of Bond investment.
Hermelin likes to em-
never ceases to amaze you."
phasize
what he calls the
s
What also is amazing i
how much time Hermelin uniqueness of Israel Bonds.
puts into his Bonds activi- Other organizations, he says,
ties. He says he quotes about were started in the U.S. to
25-35 percent "active time" send money elsewhere, such
to the organization, taking as the Red Cross.
"It all starts here to go
phone calls and solving prob-
The difference is that
there.
lems every day, "except
Shabbes, of course." It was a we are selling a security that
business interest and belief isn't developed here. It isn't
in the future . of interest and our idea ... This is Israel's
belief in the future of the only security — the Bond —
State of Israel that got him that says to the world we are
involved. the full faith and credit of Is-
"I'm a businessman and I rael."
And what does he predict
saw what the opportunities
were in Israel for develop- for the future. of Israel and
ment and I felt that Israel Israel Bonds? As Israel
Bonds could make a dif- grows, so will Israel Bonds.6
"The State of Israel Bonds
thing and I believed that it
was consistent with every- role, both in Detroit and na-
as an opportunity
thing else I was doing."
to grow ... We reach a mil-
He said that Bonds are tionally
rung
on the ladder
of _ lion
representative
of the high
est different people, maybe
more through all of our con-
•
tzedakah — charity. They tacts, both in the Jewish and
provide a man an opportu- non-Jewish world. And we
nity to earn a living. That's believe we can play an im-
the highest form of 'dignity portant role through the
... Israel Bonds went to the utilization of our organiza-
heart of that ... That's why tion for many other areas of
I was involved, that's why I development of the Israel
stayed involved." economy ...
"Israel is a very young
His enthusiasm has
country. It's just maturing in
so many . ways. I thilik much
of the infrastructure of its
organizational system is
maturing also. Great oppor-
tunities ahefid! That is the
reason that our organization
has to outreach to the new
generation."
The 1985 campaign is
quickly moving , into the
home stretch, and Israel
looks like the winner. Ac-
cording to Hermelin, the suc-
cess of the campaign won't
be known until the "real dol-
lars we produce," the num-
bers of units of Bonds sold
and the activities held on
-behalf of Bonds are tallied.
Add those to. David Herme-
American Red Cross
Blood Services Southeastern Michigan Region
lin's enthusiasm , and Israel
will truly have a cham-
pionship season.