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Hungarian Loan a Failure; Persecution of Jews Blamed

May 25, 1923
See Original Daily Bulletin From This Date

Your correspondent learns that the loan which Hungary is trying to float is in serious danger of failure because of the Jewish situation in Hungary. Count Bethlen, the Premier, has returned to Budapest empty-handed. Despite the cordial reception he has received at the hands of the representatives of Rothschilds and the Paris representatives or Kuhn, Loeb and Co. towards the loan, nothing definite has been accomplished.

Hungarian officials are now trying to get the Jews to put in a good word for Hungary. Minister of Foreign Affairs Doruvardy has addressed himself to representatives of the Jewish Committee of Hungary with a request that they issue a declaration that the Jews of Hungary enjoy the rights guaranteed them by the Peace Treaty.

This request was debated at a meeting of the Kehillah, which resulted in the adoption of a rather diplomatically worded resolution, stating that the Jews of Hungary trust that the stabilization of Hungary will bring about an improvement in the political conditions of the Jews.

The Hungarian authorities are not satisfied with this statement and demand a more definite declaration in order to influence favorably the bankers to whom application for the loan has been made.

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