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Mizrachi Convention Launches $500,000 Campaign to Aid Small Businesses in Israel

The American Eretz Israel Corporation, affiliated with the Mizrachi Organization of America, America, Announced today at the 49th anal convention of Mizrachi that it will launch immediately a $500,000 campaign to secure private investments to aid small businesses” in Israel.

Dr. Jacob Hoffman, president of the Mizrachi National Education Committee, urged that the Israeli Chief Rabbinate be recognized as the “supreme authority in Jewish” resolution introduced by Rabbi Jacob Levinson calling upon the Jewish Agency to appropriate $600,000 for yeshivoth and other religious institutions is Israel was unanimously approved.

Leon Gellman, president of Mizrachi, declared in his annual report last night: “under present circumstances any entertainment of the dissolution of the world ?coist nonevent and its constituent Zionist parties is absurd. It would be a tragedy of catastrophic proportions were the Zionist movement, which has borne the re-t-possibility of building the Jewish state, to disband at this time.”

Mr. Gellman pointed out that to a “great extent the functions of Zionist groups remain the sane as they have been in the past — namely, the unification of the Jewish people to achieve common goals.” Touching on the relationship between load and Jewish communities abroad, he stated: “We must continue to aid the fledging state with moral and material support. Simultaneously it is incumbent upon Israel be actively concerned with the survival of Judaism throughout the world. Israel is a sovereign, independent state fully responsible for its own political and economic welfare, but the moral and spiritual ties between Israel and world Jewry will never be severed.”

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