NEW YORK (Sep. 23)
How three Jewish “capitalists” saved the now financially strong International Ladies Garment Workers Union from being disbanded in the late Nineteen Twenties because of financial difficulties was revealed here by David Dubinsky, president of the ILGWU, at a luncheon he gave in honor of Senator Herbert H. Lehman.
Mr. Dubinsky told the audience that when the union was almost ready to disband, it went to Felix Warburg, Julius Rosenwald and Mr. Lehman for help. Each of the three “capitalists” came through with a loan, he disclosed. Mr. Lehman’s loan was $25,000 and was interest-free. “We paid back every penny of it,” the ILGWU president added.