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Federation of Polish Jews Formulates Plan for $5,000,000 Loan

January 8, 1929
See Original Daily Bulletin From This Date

A plan to aid the Jews of Poland toward self-help, calling for the floating of a loan for $5,000,000 was formulated and discussed at a special conference called by the Federation of Polish Jews of America, held Sunday at Mecca Temple. Benjamin Winter presided.

The plan was embodied in a resolution which is a plea to the Joint Distribution Committee to take up this matter. It was adopted following reports submitted by Z. Tygel, Executive Director, and Harry Koppelman, the Federation’s representatives who recently visited Poland for the purpose of surveying conditions. What Polish Jews need is not charity but credit. A sum of from $3,000,000 to $5,000,000 creating credit facilities for Jewish merchants, manufacturers and small traders, would save them from the ruin they face, the delegates reported.

Under the plan the loan would be administered through a Jewish Economic Council in Poland, which is now being formed.

The conference was addressed by Jonah J. Goldstein, who stated that the J. D. C. committments in Poland run until October 1929. Mr. Goldstein stated that a special committee of the J. D. C. has been appointed, charged with the task of outlining recommendations for future action. This proposal of the Federation of Polish Jews should come up for consideration by this committee.

Dr. Henry Moskowitz, former Congressman Nathan D. Perlman, Dr. David Lvovitch and Abraham Herman addressed the session.

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