Eight hundred stockholders attended the inauguration meeting of the Judea Insurance Company Thursday night. Judge Jacob S. Strahl, president of the company, announced that every insurance policy accepted by the company will name as beneficiary the Eretz Yisroel Endowment Fund, Inc., for an additional policy amounting to 5% of the sum insured. This is possible at a premium rate comparing favorably with the old line companies. The board of directors of the Fund will be nominated by the Keren Hayesod, Jewish National Fund, Hebrew University and the Vaad Leumi, the National Council of Palestine Jews. Statistics point to Jews in America as the largest buyers and sellers of life insurance, auguring well for the success of the Judea Life Insurance Company, whose operations will bring large funds into Palestine on both an investment basis from premiums and capital as well as through naming Palestine Funds as beneficiaries of policies, Judge Strahl stated.
Others who addressed the gathering were Morris Pike, actuary of the company, Samuel Mason and Professor S. B. Ackerman of New York University. Col. Francis R. Stoddard, Jr., former Superintendent of Insurance of the State of New York, is general counsel to the company, which is a subsidiary of the Judea Insurance Company, Ltd., of Palestine, doing business in Palestine, Egypt and other countries of the Near East. Both companies are owned by the Judea Industrial Corporation of New York City.
Sir Wyndham Deedes, former Civil Secretary of Palestine, has the distinction of being the first Christian policyholder of the Judea Life Insurance Company, it was announced at the meeting.
Sir Wyndham Deedes purchased a $10,000 policy a few days before his departure for England.
He designated the Palestine Light-house for the Jewish Blind in Jerusalem as his beneficiary.
MORTIMER L. SCHIFF GIVES $75,000 TO Y.M.H.A.
A contribution of $75,000 from Mortimer L. Schiff and smaller contributions amounting to $9,000 put the campaign of the Young Men’s Hebrew Association for $1,500,000 for a new building at Ninety-second Street and Lexington Avenue beyond the $1,000,000 mark. The total now is $1,025,950.
Mr. Schiff’s donation brought the total contributed to the Y. M. H. A. by the Schiff family to $400,500, according to Judge Joseph M. Proskauer president of the organization. Others of the family who have contributed to its support, he said, were the late Jacob H. Schiff, Felix Warburg, Mrs. Jacob H. Schiff and Frederick M. Warburg.
JEWISH INSTITUTE OF RELIGION HOLDS SECOND GRADUATION EXERCISES
The graduation exercises of the second annual commencement of the Jewish Institute of Religion will be held tonight at the Institute, 40 West 68th Street. New York. Rabbi Louis I. Newman, of Temple Emanuel, San Francisco, will deliver the baccalaureate sermon.
Rabbi Newman will speak on “The Crisis in Liberal Religion: A Liberal’s Indictment of Liberalism.”
The graduates of the Jewish Institute of Religion for this year are: Maurice Joshua Bloom, of Newcastle, Pa.; Mitchell Salem Fisher, of Hoboken, N. J.; Joshua Louis Goldberg, of Astoria, L. I.; Harry Kaplan of New York; John Tepfer, of New York; Gershon Tschernowitz, of New York; and Samuel Teitelbaum, of St. Louis, Mo.
WAR VETERANS HOLD MEMORIAL SERVICES
The thirty-second annual memorial services of the Jewish Veterans of the Wars of the Republic, will be held at Riverside Synagogue, 310 West One Hundred and Third Street, New York City. The services will be preceded by a parade from the Jewish Center, 131 West Eeighty-sixth Street.
Among the speakers will be Nathan Straus, Rear-Admiral L. M. Josephtal, Congressman Sol Bloom and William Irving Sirovich.
Commander-in-Chief Morris J. Mendelsohn will preside and Rabbi Edward Lissman, honorary chaplain-in-chief, will officiate.
The veterans will visit cemeteries within a radius of twenty-five miles of the city to decorate the graves of their departed comrades.