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Connection Between Hungarian Counterfeiting Plot and Anti-semitic International Disclosed

February 18, 1926
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(Jewish Telegraphic Agency)

Information concerning the connection between the Hungarian counterfeiting plot and the anti-Semitic international was secured here today from reliable sources.

The revelations were made following the attack of two members of the Awakening Magyars on Joseph Vaszony, Jewish leader of the Hungarian liberals and former cabinet member.

It is revealed that through the white guards which were suppressed when order was restored in Hungary and particularly with the arrival of Jeremiah Smith, the special commissioner of the League of Nations to supervise Hungary’s finances, an anti-Semitic underground organization was formed. This underground organization which controlled the state apparatus, consisted of a large order named “The Double Cross,” which embraced a great majority of state officials, including those of high rank, and the association of social fraternities. This association was comprised of 47 organizations, the entire system was popularly known as the “race purifiers,” whose chief aim was “to protect the Hungarian race from the Jews” and “to develop an irridenta program.”

The counterfeiting plot was originated to provide funds for these activities. It was financed by the postal savings, which is under the control of the state.

The close connection between the counterfeiting plotters and the international congress of anti-Semites which took place in Budapest last October is pointed to. Representatives of the Hungarian, Roumanian, Austrian and Bavarian anti-Semitic organizations participated in that Congress. The anti-Semitic international considered Hungary, where its organization was best equipped, as the vanguard of its plans. According to the plans formulated by the anti-Semitic international, Hungary was to assume a role in the white terror similar to that of Russia in the red terror. A dictatorship was to be proclaimed in Hungary in 1926 and the sceptre was to be given to Albrecht, who, coincidentally, shortly before the disclosure of the plot, was named governor of the organization.

For the candidacy of Albrecht to the throne of Hungary, Professor Alexander Cuza, leader of the Roumanian anti-Semites, made direct and lively propaganda following his return from the Budapest anti-Semitic congress.

Italian Fascisti leaders are said to have refused to join in this movement because it was declared they objected to the anti-Semitic features of the enterpriise and because of their view that Fascism is a specifically Italian proposition which cannot be internationalized.

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