NEW YORK (May. 24)
The sale of $25,000,000 in State of Israel Bonds between now and the end of June was set today as the goal to provide the resources that Israel needs for its economic development in a period of crisis. Leaders of the State of Israel Bond drive in 68 communities throughout the United States participated in a nationwide telephone conference at which the goal was set. The Israel Bond drive seeks a total of $115,000,000 during 1967 for economic development.
Gathered at meetings from coast to coast, the Israel Bond leaders heard addresses by Dr. Joseph J. Schwartz, vice-president, and Samuel Rothberg, national campaign chairman of the Israel Bond Organization. In their talks, heard by telephone hook-up from Israel Bond headquarters in New York, Dr. Schwartaz and Mr. Rothberg stressed the importance of maintaining the pace of Israel’s economic development during the present period of crisis.
“The Government of Israel has addressed an urgent appeal to us.” Dr. Schwartz said. “It has appealed to us to hold the economic front, to increase the flow of cash so that the economy will not suffer in this period of crisis, so that the program of development will not be interrupted, so that the drive to increase industrial expansion will not be slowed down.” Mr. Rothberg called for intensified participation in the Israel Bond drive as a demonstration of support for the State of Israel.