(Jewish Telegraphic Agency)
Interesting details concerning the new activities of the constructive relief plan on behalf of Russian Jews in connection with the $10,000,000 fund which is to be created by American Jews, including the $5,000,000 Rosenwald subscription, were related to the correspondent of the Jewish Telegraphic Agency by A. N. Merezhin.
The details will be published in tomorrow’s issue of the Moscow Yiddish daily “Der Emes,” Mr. Merezhin stated.
According to Mr. Merezhin the entire fund will be used exclusively to aid the farm movement for the Jewish masses. The most important of these institutions will be an agro-industrial bank, plans for which were prepared by the Agrojoint. The Agro-joint and the Comzet are to participate on an equal basis in the management of the bank, he stated. Negotiations between the Comzet and the Agro-joint are proceeding.
Among the conditions of this arrangement are the following: (1) That the agro-industrial bank will guarantee the repayment of the new credits by the settlers; (2) That the government will undertake to give $1,000,000 annually for ten years for the same purpose; (3) That the rate of interest is to be increased from three to five percent.
Concerning the attitude of the Agro-joint, the agency of the American Jewish Joint Distribution Committee, toward the Comzet’s plan of extensive Jewish colonization work in Bureya. Siberia, Mr. Merezhin stated “neither the pessimism nor the optimism of the Agro-joint will convince us. We hope that the time will come when the Agro-joint will finally participate in this work.”
The Jewish Daily Bulletin learns that further substantial contributions toward the $10,000,000 fund have been made. An announcement to this effect, we learn, is to be made soon by Mr. James N. Rosenberg.
The Jewish Daily Bulletin also learns that the $10,000,000 fund, according to the intentions of its sponsors in the United States, is to be used exclusively along the lines of promoting agriculture among Russian Jews in those districts where Jewish colonies are already in existence. This fund is not to be used for any industrial purposes.
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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.
