The organization of Israel Investors, Inc., capitalized at $10,000,000,to promote the investment of American capital in the industry and economy of Israel, was announced today. The registration of the corporation under the Investment Company Act will shortly be filed with the Securities and Exchange Commission.
I. Edwin Goldwasser was elected president of Israel Investors, Inc. at the meeting of the board of directors. Other officers of the corporation are: Samuel Rothberg. Peoria, III., chairman of the board; Rudolf G. Sonneborn, New York, vice president; Charles Rosenbloom, Pittsburgh, treasurer; and Julian B. Venezky, Peoria, III., secretary. Stock in the company is to sell in units of ten shares, each unit to cost $1,150.
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