After agitation in the anti-Semitic press, license to operate was today withdrawn from eighty-one Jewish people’s banks throughout Rumania.
The agitation was conducted on the ground that the Jews intended to buy up the Rumanian peasants’ lands with the aid of the American Joint Distribution Committee and the Jewish Colonization Association (ICA) and which operates the banks. There are more than 600 such banks in Eastern and Central Europe.
A committee of representatives of the banks had submitted a memorandum to the highest bank council pointing out the falsehood of the accusations but instead of a reply, the memorandum itself was published by the anti-Semitic press.
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.
