Berlin (Dec. 20)
(Jewish Telegraphic Agency)
An all Jewish emigrant bank for the purpose of meeting the needs of Jewish migrants is planned by the Emigdirekt, the society to aid Jewish emigrants. The Jewish Colonization Association and the Hebrew Immigrant Aid Society of America are to lend their support to this project if negotiations now being carried on concerning this matter are successful.
This was learned at the conference of the Council of the Emigdirek. which opened its session here yesterday. Dr. Myron Krainin, president of the Council, submitted a report of his recent trip to the United States. B. C. Vladeck, manager of the “Jewish Daily Forward,” is among the delegates attending the conference.
In reporting on this project, Dr. Krainin stated that the agreement negotiated between the Emigdirekt and the Hias and the Ica will need the ratification of the three respective bodies and it is probable that the bank will be established the middle of January.