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Says Kuhn, Loeb & Company to Help Hungarian Loan

November 28, 1923
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Declaring that opposition in Hungary to the participation of Kuhn, Loeb & Company in the proposed international loan for Hungary was “insignificant”, a prominent personage intimately connected with Finance Minister Kallay said it was impossible, even in a country like England, to prevent worthless journals from expressing opinions when patriotism demands silence.

Finance Minister Kallay is now in London conferring with the League of Nations Finance Commission which is considering the Hungarian loan.

The only paper to object to the part of the Jewish banking house in the proposed loan was SZOZAT”, the Jewish Telegraphic Agency’s informant declared. Anti-Semitism in general was fast disappearing and of official anti-Semitism he said there was but little trade. Of 300 deputies in the National Assembly only 7 are “really” anti-Semites. One of them, Deputy Ulan, has been imprisoned charged with high treason for the Fascisti plot.

The Hungarian Government, he said, is concerned in the consolidation of the country, realizing the benefits to be derived from all sections of the population, descriminating against none. The anti-Semitic feeling in Hungary followed the reaction against Bolshevism during the reign of which many Jews held high positions. The mass of the Jews he declared suffered from Bolshevism like the rest, adding that he personally knew Jews who had been executed by the Bolshevists. It is unfortunate, he said, that anti-Bolshevist anger was vented against the Jews. But now, all this has died down and the anti-Semites have been left stranded since the great majority of the people ignore them.

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