The second National Economic Conference for Israel, sponsored by the State of Israel bond drive, will be held at the Chelsea Hotel in Atlantic City from September 12 through September 14, it was announced today by Rudolf G. Sonneborn, president of the Israel Bond organization. The first such conference was held last September in Washington, D.C.
Mr. Sonneborn revealed that over 400,000 Americans have subscribed to more than $135,000,000 in State of Israel bonds in little more than a year since the issue was first offered sale. “One of the primary objectives of the sessions will be the stimulation of an even higher rate of subscriptions during the fall, 1952 phase of the Israel bond drive, which will be initiated by the conference, ” he stated.
Key Jewish leaders from communities throughout the country will participate in the forthcoming conference, the announcement said. “They will help plan an intensified effort in behalf of Israel’s industrial and agricultural development through an accelerated tempo of American investments in the State of Israel bond issue,” it added.
The Atlantic City conference will mark the second anniversary of the meeting convened by Israel Prime Minister David Ben Gurion in Jerusalem, at which the idea of an Israel bond issue was first projected to a representative group of Americans, Mr. Sonneborn pointed out. On that occasion, in September, 1950, some 50 American Jewish leaders endorsed the flotation of an Israel bond issue. This action was subsequently approved by representatives of organized American Jewry at a National Planning Conference held in Washington.
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