Search JTA's historical archive dating back to 1923

Test Case Mapped Here to Recover $100, 000,000 from Nazi Banks

March 31, 1939
See Original Daily Bulletin From This Date
Advertisement

A test case opening the way for refugees here to recover from German banks more than $100,000,000 in foreign securities is now course of preparation, according to B.H. Lewinski, former Berlin attorney.

Interviewed at the Hotel Marie Antoinette, Mr. Lewinski pointed out that in the last two years the Nazi government, through its banks, has been forcing German Jews to sell securities held in the United States, Great Britain, Belgium, Holland, Switzerland and other countries.

“A close study of international law indicates that the methods pursued by the Nazis in forcing such sales, and the ‘blocked mark’ system of payment used by them, amount to virtual confiscation, “Mr. Lewinski said. “Under such conditions the property is recoverable according to American law.”

Recommended from JTA

Advertisement