(Jewish Telegraphic Agency Mail Service)
A report on the work of the Central Cooperative Bank was made by Dr. Klumel at the fifth conference of the Federation of Jewish Cooperative Societies held here.
In the course of his report Dr. Klumel charged that the Ica was not doing its full duty in the way of assisting the cooperative bank.
“The bank,” Dr. Klumel stated, “suffers from a serious lack of funds which prevents it from allocating the necessary sums for credit loans to the Jewish population to save them from economic ruin.
“The Ica is to blame in one respect Before the war the Ica had had in Poland six million dollars for credit aid purposes and now it has only $300,000. The Bank will have to obtain larger sums from the Foundation or from the Joint Distribution Committee. We expect to obtain something toward this from the United Jewish Campaign in America,” he said.
“The Ica too, has to be told that they are administrating not their own funds, but funds which had been left for the alleviation of the distress of the Jewish people, and when the people are suffering, as they now are in Poland. a part of the capital of the Ica will have to be given up in order to save them from economic ruin.”
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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.
