NEW YORK (Feb. 2)
The United Jewish Appeal is now negotiating with New York banks for loans aggregating $30,000,000 to meet the fiscal emergency in Israel created by the sudden wave of immigration from Rumania, it was disclosed by William Rosenwald, U.J.A. chairman, addressing the annual conference of the Council of UJA organizations here.
The 600 delegates attending the conference were told by Mr. Rosenwald that while the UJA has borrowed from banks in the past to meet emergency needs in the settling of immigrants in Israel, the proposed loan will be the largest it has ever undertaken. The conference adopted a resolution urging each member of the organizations affiliated with the Council to contribute at least one week’s income to the UJA during 1959.
Inauguration of American Jewry’s 1959 fund-raising effort to finance an enormous and unexpected transfer of Jews from Eastern Europe to Israel will take place in Miami Beach, beginning Thursday in the presence of more than 1,000 leaders representing Jewish communities in every area of the United States.
The National Inaugural Conference of the United Jewish Appeal will set the standard of giving to the crucial 1959 UJA campaign and will also seek to develop means of making the drive an unusually swift and affective one in direct response to the fact that the people of Israel are confronted with their greatest immigration crisis in a decade. The new emigration policies in East European countries have been hailed in Israel as “the greatest miracle in current history.” They will have a profound and immediate effect on Israel, which must gird itself to accept and integrate 100,000 newcomers in 1959.