Paris (Mar. 13)
(Jewish Telegraphic Agency)
A committee of Jewish organizations dealing with the problem of Jewish emigration in Europe will shortly proceed to South America to survey the possibilities for Jewish immigration there.
The committee will carry out a decision adopted at the meeting of the executive council of the Hicem, the agency of the Jewish Colonization Association, the Hebrew Emigrant Aid Society of America and the United Jewish Emigration Committee of Berlin. The session of the executive council which was held here yesterday was presided over by Dr. James Simon of Berlin and decided upon this course after it had listened to a report submitted by Dr. Oscar Kohn, former Minister of Justice in the Prussian Government.
The committee will consist of Dr. M. Kreinin, and Aaron Benjamin, member of the Hias executive. They will meet Louis Oungre of the Jewish Colonization Association, who will be in the Argentine at the beginning of May.
The committee will confine its investigation to the possibilities of immigration, omitting from its program the question of colonization. It will also seek to carry out the program of the Hicem in regard to providing facilities, vocational training and instruction in the language of the country. The delegation will report to the executive committee which will make the decisions.
The meeting decided to amalgamate the two offices of the Hicem in Berlin and Paris in order to facilitate the work and decrease expenses. The meeting also adopted a report on the activities of the organization submitted by Dr. James Simon and the financial report presented by Joachimsohn.
Thirty-one thousand four hundred persons applied to the Hicem for help during the past year, according to the report submitted. The Hicem answered 43,969 inquiries and gave legal advice to 12,000 persons. Agricultural instruction was given to 230 immigrants of whom 192 were Chaluzim. Courses for professional training were established at Warsaw, Lemberg and Kishineff where 744 were enrolled. Thirty courses in English, Spanish and French were given.
The committee of the Hicem in Riode Janeiro was re-organized and new branches were established in Porto Alegre, Soa Paulo and Curityba. Employment offices were established in these cities and in Rosario, Cordova, Bahia, Blanca, in the Argentine, Uruguay and Montevideo.
A branch of the Hicem will soon be established in Canada by a Canadian committee of the Ica and the Hias.
In his address Leo Motzkin emphasized the cordiality existing among the three organizations constituting the Hicem, thus enabling productive collaboration. The budget adopted includes more than $100,000 for work in the countries of immigration, particularly South America. Forty thousand dollars of this sum is to go for the establishment of loan Kassas. Oscar Kohn was unanimously elected president.
ROUMANIA TO GET $60,000,000 LOAN, WALL STREET HEARS; MODELLED ON POLISH LOAN
Preparations for floating an international loan in the amount of $60,000,000 for the Roumanian Government are now being made, according to reports current in Wall Street.
These preparations are in progress due to the initative of the Bank o? France, which is cooperating with bankers in London, Paris and New York. It was stated that if the loan plans are successfully carried out, the Federal Reserve Bank is expected to join in extending credit to Roumania.
The loan, which is characterized a stabilization measure, is modelle after the loan obtained by Poland last year to the amount of $72,000,000 in which the Federal Reserve Bank of New York participated.
There have been reports for month of a Roumanian stabilization loan, but the present plans, backed by strong financial institutions in this country and Europe, have progressed to the point where a public offering of securities is expected in the near future. M? Quesney, one of the financial expert of the Bank of France, is arriving in the United States on the Steamer ## de France today. M. Quesney, when will confer with Governor Strong of the Federal Reserve Bank and other banking officials here, is expected to take up the Roumanian loan question as well as the general subject of Roumanian stabilization, plans for which are expected to be completed late in the spring.
The Bank of England also is expected to lend its support to the Roumanian plane as it has to other European stabilization programs in recent years. A group of French bankers headed by Louis Drey fus & Company, is cooperating with the Bank of France in the loan negotiations. The American portion of the loan will be handled by Blair & Company, Inc. A? the offices of this firm it was said that several partners of the firm, now in Europe, had been keeping in close touch with the plans of Roumania, but that ## new developments were known of here.