ARNOLD BERNSTEIN, WHOSE TRIAL IN A HAMBURG, GERMANY COURT, ON CHARGES OF “ECONOMIC TREASON” IS NOW DRAWING TO A CLOSE, HAS ATTRIBUTED HIS WHOLE FINANCIAL TANGLE TO HIS ATTEMPT TO ESTABLISH A PALESTINE SHIPPING SERVICE.
THE JEWISH OWNER OF THE ARNOLD BERNSTEIN AND RED STAR LINES, ACCORDING TO HAMBURG DISPATCHES, IS CHARGED WITH CONCEALING FOREIGN EXCHANGE RECEIVED THROUGH THE RECONDITIONING AND SALE OF HIS SHIP HOHENSTEIN TO HIS PALESTINE SHIPPING COMPANY AND THEN TO ANOTHER COMPANY.
THE COMPANY, HERR BERNSTEIN TOLD THE COURT, EVENTUALLY FAILED BECAUSE IT COULD NOT COMPETE WITH OTHER LINES OPERATING IN THE MEDITERRANEAN.
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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.
