A mortgage corporation established by the Jewish Education Association to assist religious schools in building model structures has issued loans of $371,000 to forty-six institutions, it was disclosed yesterday at the annual meeting of the association at the Jewish Club, 23 West Seventy-third street.
The meeting, attended by several hundred men and women prominent in Jewish communal and ###cational work, was addressed by Dr. Abraham A. Neumann, professor at Dropsie College of Philadelphia and Rabbi of the Congregation Mikveh Israel of that city. Dr. Neumann, discussing the economic and international crisis through which the world is passing and its effect on the position of the Jew, declared that the moral and physical survival of the Jew depends on his return “to his own storehouse of faith.”
“He must deepen the base of his ethical and religious ideals and plant deep the seeds of prophetic truth in the hearts of the new generation,” Dr. Neumann said.
FEW DEPRESSION LOSSES
In announcing the amount of loans made by the mortgage corporation, Jacob H. Cohen, its president, pointed out that the corporation’s losses during the depression have been quite low. Most of the bondholders, he announced, have turned over their holdings in the corporation as gifts to the Jewish Education Association.
Thirty per cent of the pupils in Jewish religious schools are unable to pay any tuition fees and forty per cent can pay only in part, it was disclosed by Jacob Wener, chairman of the committee on scholarship grants. Children unable to pay are aided largely by the association’s scholarship fund which provides tuition for twenty-five per cent of the pupils on the free lists.
Mr. Wener reported further that for the first time since the beginning of the depression, the present school year has witnessed a cessation in the decrease of school registers. In some schools, he announced, there has even been an increase in the registration.
Other speakers scheduled to address the meeting included Bernard Semel, honorary secretary of the organization, who was to report on educational activities among Jewish parents; Harry H. Liebovitz, Benjamin Leibel, Judge Jonah J. Goldstein, vice-president; Judge ##than than Sweedler and Judge Otto ### Rosalsky, acting president of the association.