Guilden Named President of State of Israel Bonds; Feinberg Board of Directors Chairman

Ira Guilden, prominent New York industrialist and banker, has been named president of the Development Corporation for Israel, the organization which carries on the sale of State of Israel Bonds in the United States and other parts of the free world. Since its inception 20 years ago, the Israel Bond campaign has sold a total of more than $1.5 billion in Israel Bonds. Mr. Guilden, who has served as national chairman of the Israel Bond Organization, succeeds Abraham Feinberg, who occupied the post of president for the past 15 years, and who now becomes chairman of the Board of Directors of DCI. Leo Bernstein, former national director of field operations, was chosen to serve as executive vice president and chief executive officer of the Israel Bond Organization. Mr. Bernstein replaces Dr. Joseph J. Schwartz, who retired in September after 15 years of service in that capacity. In a cable welcoming Mr. Guilden as the new president of Israel Bonds, Finance Minister Pinchas Sapir of Israel said: “In these trying days your leadership and many years of fruitful experience will help us reach the new goals that have been set. All my colleagues join me in expressing deep appreciation for your devoted and dedicated efforts toward a strong and vigorous Israel.” Mr. Guilden is a founder and president of Boys Town Jerusalem and a director of the Palestine Economic Corporation.

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