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Nazi Loan Ban Asked of Hull by Jews in Note

August 6, 1934
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A plea to Secretary of State Cordell Hull to see that further credits are denied the Nazi government was made public by the Jewish Labor Committee yesterday.

Coming close on the heels of a warning by Congressman Andrew L. Somers, chairman of the House Coinage Committee, to American investors to eschew German securities, the Jewish Labor Committee’s letter voiced the protest of its 600.000 members against “the participation of our government and American bankers in any negotiations with Germany,” and demanded that “they immediately cease.”

Semi-official confirmation of negotiations between the United States and Germany was received in a July 26 Jewish Telegraphic Agency dispatch reporting that George L. Harrison, governor of the Federal Reserve Bank, discussed credits during his visit to Europe.

The American Jewish Congress, which sponsored the rally at which Congressman Somers spoke, has taken an active interest in the reported negotiations, and has bitterly fought any extension of credit, private or governmental, to the Nazi Government.

ASK AMERICAN JEWS TO MAINTAIN BOYCOTT

Jews of America will be called upon during the High Holiday season to pledge themselves to maintain and intensify the boycott against German products and services, the American Jewish Congress announced yesterday.

Special sermons will be preached in synagogues and temples on the importance of intensifying the boycott. Congregants will be asked to sign pledges undertaking to maintain the united boycott front until equal rights to all inhabitants of Germany shall have been restored.

The Youth Division, the Women’s Association and the Vigilantes Committees of various organizations are cooperating in the presentation of boycott problems before the congregants during the holiday season.

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