Prof. Kammerer, American Financial Expert, Advises Poland to Grant Equal Rights to Jewish Merchants

(Jewish Telegraphic Agency)

Professor Kammerer of Princeton University, who has been spending his vacation in Poland at the Polish Government’s invitation in order to study the country’s economic problems, left Warsaw yesterday.

Professor Kammerer believes that when conditions improve the Bank of Poland’s statutes might be amended to conform to those of the Bank of England and the American Federal Reserve Bank, which are less flexible as regards reserve requirements.

An interesting report with regard to Professor Kammerer’s advice to the Polish government is contained in a despatch from Berlin to the “New York Sun.”

“The American financial observer, Prof. E. W. Kammerer of Princeton, who was sent to Poland to investigate conditions for extending financial assistance in the inflation crisis, handed the Polish Government a stringent note today outlining reforms American financiers demanded before making further investments,” the despatch reads.

“The first stipulation is for a radical reduction in the strength of the army, the second for a stricter supervision of business firms, the third for a heavier tax on the owners of estates, who, as in Germany, have been favored in the past, and the fourth for the abclition of the eight hour day and a general speeding up of production.

“A special recommendation contained in the report is a revolutionary one for Poland, since it calls upon the Government to extend equal rights and privileges to all Jewish business men. This provision is expected to meet with much opposition, but it will be firmly insisted upon, because a large number of Jews are engaged in important businesses throughout the country.

“The recommendation concerning army reduction backs up the ultimatum issued a few days ago by the association of former soldiers who demanded that 40,000 men and fifty generals be dropped from the rolls. The ultimatum to the Government also included some other recommendations advanced by Prof. Kammerer, and were made in such stirring form that it was feared there might be a revolutionary outbreak unless some of the expenditures, which were exposed in detail, were corrected.

“Similar advice coming from American financiers is now Poland’s only hope and will now have still greater weight, and a peaceful outcome is believed likely.”