NEW YORK (Dec. 3)
A “Robert Szold Industrial Center,” which will comprise a compound of factory buildings in the Haifa Bay area, will be established in Israel, it was announced last night at a dinner in honor of Robert Szold, chairman of the Board of the Palestine Economic Corporation and former president of the Zionist Organization of America.
More than $800,000 worth of stock of the Palestine Economic Corporation was purchased by the 600 persons who attended the dinner. The money will be earmarked for the establishment of the industrial center. Mr. Szold was honored by PEC and ZOA for his “lifetime of service to Israel and the Jewish people.”
In addressing the guests, Mr. Szold said: “The State of Israel has recognized the necessity of private initiative and private capital. It passed a law for their encouragement. To pass a law, however, is not enough. The law must be implemented. The governing group must believe in it. It must not be frustrated by a myriad of subtle obstructions.” Other speakers at the dinner included Mayor-elect Robert F. Wagner, Jr., of New York, Dr. Nahum Goldmann, Rabbi Irving Miller, former Judge Simon H. Rifkind, Albert Schiff, Julius Simon, Joseph Meyerhoff and Boris Margolin.