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Free Loan Society Launched in Dominican Republic by Lamport

The first free loan society for the refugee settlement project at Sosua has been established as a result of the visit of Arthur M. Lamport, New York banker.

Lamport, after a survey of the colonization site, proposed the establishment of a loan society with an initial capital investment of $5,000 as a concrete measure to aid the settlers. Two Jewish citizens of Ciudad Trujillo, Abraham Staiman and Leopold Kohn, offered to contribute to the undertaking.