National Conference for Israel Bonds to Be Held in Washington

A three-day National Mobilization Conference for Israel bonds, formally inaugurating the Fall, and most intensive, phase of the Israel bond campaign in this country will open in Washington on September 9, with Levi Eshkol, Israel’s Minister of Finance, as one of the principal speakers, it was announced today by Abraham Feinberg, president of the Israel Bond Organization.

Mr. Feinberg pointed out that the National Conference will be the first meeting of its kind to be held under the new administration which assumed responsibility three months ago for the sale of Israel bonds in the United States, Canada, Latin American countries and Western Europe. “The National Mobilization Conference will be devoted to a detailed study of Israel’s economic progress and her plans for development, as well as the role of American Jewish communities in providing capital for that development through State of Israel bonds,” he said.

“Israel’s foremost problem today is economic development.” Mr. Feinberg pointed out. “American Jewry’s major responsibility to Israel during the coming months must be the provision of the Israel bond dollars necessary to make that economic development possible. Since the inception of the Israel bond drive, approximately $200,000,000 has been raised for Israel’s program of economic growth. That total must be substantially increased by the end of the year.

“During the Fall of this year. Israel bonds will be the primary effort by the American Jewish community in behalf of Israel. The major objective of this Conference will be the mobilization of maximum community resources for Israel bond campaigns between now and the end of the year. Israel’s present economic program calls for the achievement of a high degree of economic self-sufficiency by 1960. There can be no interruption in the flow of the dollars which Israel requires for the attainment of this objective,” Mr. Feinberg declared.