Lindsay Proclaims Israel Bond Drive Action Week Oct. 21-28

Samuel Neaman, chairman of the Greater New York Committee for the State of Israel Bonds, urged the Jewish community of New York and all friends of Israel “to take part in a compulsory loan through the purchase of Israel Bonds” representing “not less than one month’s income” to match “the great sacrifice of human and material resources of the people of Israel.”

Neaman made this statement yesterday when he and other key Bond organization representatives received from Mayor John V. Lindsay a proclamation setting Oct. 21-28 as “Action Week for Israel Bonds” in New York. The proclamation was issued as Lindsay opened a special $150 million emergency campaign for Israel Bonds. The New York campaign is part of an all-out national drive to raise $642 million to assume total financing of Israel’s current development budget.

Neaman, who is chairman and chief executive officer of McCrory Corporation, called upon the Jewish community of New York to make “a compulsory loan” through Israel Bonds “to assure the survival of Israel and the Jewish people. The people of Israel,” he continued, “in addition to their heavy taxes, have undertaken to provide out of their own limited resources $500 million in compulsory and voluntary loans for the war effort.”

The proclamation issued by the Mayor called upon New Yorkers for a “concrete demonstration of friendship and support for the State of Israel” to assure “the survival and future of our sister-democracy in the Middle East.” The period covered by the proclamation coincides with a national effort being conducted by the Israel Bond Organization to bolster Israel’s economy through the mobilization of Israel Bond capital, to offset expenditures demanded by the outbreak of the current Middle East war.