In an outstanding expression of confidence in the economic future of Israel, the Suburban Trust Company of Hyattsville, Md. -a suburb of Washington, D. C.-today bought $100,000 in State of Israel bonds. This is one of the largest Israel bond purchases ever made by a bank anywhere in the world.
In announcing the purchase, J. Robert Sherwood, president of the bank, said: “In purchasing State of Israel bonds, the Suburban Trust Company has acted on the same basis as it does in making any other investment of the bank’s funds. We have bought Israel bonds because they constitute a sound investment in the economy of a nation which has demonstrated beyond doubt its viability and capacity for growth.”
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
