(Jewish Daily Bulletin)
Charity will receive part of the $2,000,000 insurance carried by Jules E. Mastbaum, who died here Tuesday.
It was learned that Mr. Mastbaum had named among the beneficiaries the Federation of Loan Societies and the Federation of Jewish Charities each to the extent of $100,000. Of the remainder, $1,000,000 goes to the Stanley Company of America, of which Mr. Mastbaum was president; $500,000 to the real estate firm of Mastbaum Brothers amp; Fleisher and $300,000 to his estate.
Thousands of persons viewed Mr. Mastbaum’s body as it lay in state at his home in Rittenhouse Square.
Morris Wolf paid tribute to the late philanthropist in a statement issued to the “Jewish Daily Bulletin.”
“Mr. Mastbaum was unique in this, that his heart was as good as his head. I have known other men, a very few of whom had his brilliant original mind, but I never knew any who, with that mind, had the generous spirit of goodwill to all men that he had. The comforting warmth of his personality cannot be replaced in this stricken community,” Mr. Wolf said.
Jacob Billikopf, executive director of the Federation of Jewish Charities, declared in a statement issued to the “Jewish Daily Bulletin”:
“I am so depressed and heartbroken that I am incapable at this moment of recording in words my esteem of Jules E. Mastbaum. It has been my supreme privilege during the past seven years to come intimately in contact with him and to me he revealed that extraordinary phase of his nature which was responsive to all human misery and human suffering. With the possible exception of Nathan Straus, Jules Mastbaum was the most generous individual I ever met and I have come across thousands of generous men and women. His manner of response was so unique and extraordinary. It is the way he did things rather than the amount he gave which rendered his benefactions so magnificent. During the past five years I administered most of his charities and my greatest problem always was to restrain and not to encourage him. In the words of Julius Rosenwald, ‘Jules Mastbaum was one of the great princes of American Israel'”
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