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Hebrew Loan Society Busy During Business Depression

Unemployment conditions and general business depression during the past year brought to the doors of the Hebrew Loan Society many hundreds of small business people as well as unemployed men and women, according to the report made by Julius J. Ducas, president, at their annual meeting yesterday. A total of 9,551 loans amounting to $1,129,850 and ranging from $5 to $500 were made during the year, and according to Mr. Ducas the resources of the society were taxed to the limit.

Mr. Ducas, who has been president of the organization for twenty-five years, has been re-elected. Samuel Heller was elected second vice-president to succeed Meyer Goldberg, who died a short time ago.