A “Robert Szold Industrial Center,” which will comprise a compound of factory buildings in the Haifa Bay area, will be established in Israel, it was announced last night at a dinner in honor of Robert Szold, chairman of the Board of the Palestine Economic Corporation and former president of the Zionist Organization of America.
More than $800,000 worth of stock of the Palestine Economic Corporation was purchased by the 600 persons who attended the dinner. The money will be earmarked for the establishment of the industrial center. Mr. Szold was honored by PEC and ZOA for his “lifetime of service to Israel and the Jewish people.”
In addressing the guests, Mr. Szold said: “The State of Israel has recognized the necessity of private initiative and private capital. It passed a law for their encouragement. To pass a law, however, is not enough. The law must be implemented. The governing group must believe in it. It must not be frustrated by a myriad of subtle obstructions.” Other speakers at the dinner included Mayor-elect Robert F. Wagner, Jr., of New York, Dr. Nahum Goldmann, Rabbi Irving Miller, former Judge Simon H. Rifkind, Albert Schiff, Julius Simon, Joseph Meyerhoff and Boris Margolin.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
