At the last minute, a hitch has occurred in the arrangements between the Roumanian National Bank and the Marmorosch-Bland Bank, by which the National Bank was to have taken over the Bank, The difficulty is due mainly to the unwillingness of M. Manoilescu, the head of the National Bank, to come to the rescue of the Marmorosch-Blank Bank, and the conditions he imposed were finally found unacceptable by the Administration.
The Administrative Council of the Marmorosch-Blank Bank has therefore appealed to M. Blank to resume his position as head of the Bank, but he has replied that he is unable to accept the offer.
The unwillingness of the National Bank to save the institution, coming as it does on top of its recent action in letting the Berkowitz Bank in Bucharest and the Eskenazy Bank in Craiova collapse by refusing them assistance, is regarded in Jewish circles as showing the trend of Government policy, working towards the destruction of whatever important financial and economic positions the Jews of Roumania have possessed.
At the same time, the antisemitic papers, including the important Bucharest dailies “Universul” and Cuvintul”, have started an antisemitic campaign by blaming the Jewish bankers who have been at the head of these three big banks, for their inability to keep them going, throwing on them the responsibility for what, they allege, is a deliberate crash arranged to injure the credit of the country and to deprive the Roumanian people of large sums which they had deposited in the banks.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
