London Rothschild Firm Subjected to Criticism for Loan to Horthy Regime

(J. T. A. Mail Services)

A protest against the action of the London Rothschild firm in granting a loan to Hungary where Jews are being persecuted, is made in a leading article in the “Neue Welt.”

“About twenty years ago, shortly after the pogroms in Russia, the Czar found himself in financial difficulties and sent his agents to the European capitals in order to raise the loan,” the paper writes. “They were met with refusals by many Jewish financiers, including the Rothschilds in London, Paris and Vienna. There was only Herr von Taussig in Vienna, then Director of the Land Credit Institution, who declared his willingness to float the loan.

“Austrian Jewry was indignant, because Taussig was one of the Honorary Vice-Presidents of the Vienna Jewish Community, Frotest demonstrations were held and the Jews on the Stock Exchange boycotted Taussig. Taussig explained that he had demanded and received from the Russian Government as a condition for the loan that the Jews of Russia should be given better treatment. The protests, however, did not cease and Taussig was compelled to resign his position in the Jewish Community. A few weeks after the conclusion of the loan there were fresh pogroms in Homel and Bialystock. So much for the assurance obtained from the Czarist Government by Taussig.

“Twenty years later,” the paper proceeds, “Horthy sends out his agents to raise a loan. The London Rothschild firm immediately agrees. The fact that it was Horthy who had hundreds of Jews cut up with swords and bayonets and thrown into the Danube is not allowed to interfere with its business, Taussig at least was an upstart but the Rothschilds are no upstarts.

“And to crown it all last Friday, at the meeting of the Budapest Municipality when the details of the Rothschild loan were made known, there were cries of: ‘Rothschild has bribed the Premier and the Minister of the Interior, and has swindled us.’ All over Hungary the cry is now raised: The English Jew has swindled the poor Hungarian Fatherland.’

“The Hungarian Jew,” the “Neue Welt” says, “will be made to feel the effect of this. The anti-Semite treads the Jews under his feet, and when he needs money always finds a Jew ready to give it to him and then he takes the money and says the Jews have swindled him.

“The House of Rothschild, is not one of which the Jews need be ashamedish colonies in Palestine, a work which will bring immortal honor to the name of Rothschild. The Vienna and London Houses of Rothschild, too, have so far stood up for the honor of the Jews, but now a Rothschild has sinned against the honor and the interests of the Jewish people.”

The paper concludes by pointing out that the Minister of the Interior. M. Scitovsky, who was responsible for the raids and deportations of Jews from Hungary, has a brother who is Director General of the Rothschild Bank in Budapest. “It is not surprising,” it says, “that just at this moment the Minister of the Interior has stopped the raids, but as soon as the affair with regard to the loan is over the raids will probably be resumed.”