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Jewish Bank Wins Against Nazi Pressure

The Jewish-owned Simon Hirschland Bank, one of Germany’s most important private financial institution, emerged at least temporarily triumphant tonight from a Nazi campaign to liquidate it. Although one German jewish bank after another has fallen under the nazi ax, the house of Hirschland has continued to enjoy the confidence of foreign creditors and of Rhenish Westphalia’s heavy industries — Krupp, Thyssen, Mannesmann and other similar big interests.

The National Zeitung of Essen, commenting on the bank’s survival, said its collapse would have brought denunciation of the standstill agreement by Germany’s foreign creditors.