Catholics Buy $250,000 Israel Bonds

Seton Hall University, a leading Catholic institution, several days ago purchased $250,000 in Israel Bonds. A spokesman for the Israel Bond Organization told the Jewish Telegraphic Agency that this is “by far the largest purchase by a Catholic institution in this country.” Msgr. Thomas G. Fahy, Seton Hall University president, said the university purchased the bonds “as a demonstration of its confidence in the future of this democratic state in the Middle East.”

The purchase, he added, was also an expression of “our friendship with the Jewish people and brotherhood.” About 20 years ago the university established its Institute of Judaeo-Christian Studies and more recently the university became the headquarters for the Secretariat of Catholic-Jewish Relations which was established by the Catholic Bishops of the US following Vatican II. Present at the bonds’ purchasing reception was Shimon Alexandroni, economic minister of Israel to the US and Canada; Louis Israelow, chairman of the Essex County Israel Bond Committee; and Samuel Klein, former chairman who was instrumental in effecting this bond sale.

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