A Board of License to establish minimum qualifications for teachers of Talmud Torahs in Greater New York and to conduct examinations and issue certificates of competency to candidates for the position of teacher in those schools, has been organized and will begin to function in the near future. The initiative in organizing this body was taken by the Jewish Education Association.
Simultancously with the Board of License a Committee on License comprising about 50 well known representatives of all shades and groups in the community, was established. The personnel of the Committee on License will be announced shortly.
The Board of License consists of the following: Dr. P. Churgin, Dr. Leo Honor, H. Handler, Israel Konowitz, Rabbi Alter Landesman, Prof. Morris Levine, Rabbi Jacob Levinson, S. B. Maximon, Dr. David de Sola Pool and Dr. Benjamin Veit.
Fifty thousand shares of stock have been allotted for distribution among employes at approximately $4,000,000 less than the market value, in order that 100 per cent of the workers might become partners in the firm of Richman Brothers Company, manufacturers of men’s clothes.
The stock distribution to employes affects 3,000 workers in the company’s factories at Cleveland and Lorain, O., and 800 in the 38 retail stores maintained by the Richman Company in 37 cities.
The employes’ shares are offered at $50 a share. They are to make a down-payment of only 5 per cent on the subscribed shares and be given until Nov. 1, 1931, to pay the blance from their earnings. Every employe is entitled to stock. The number of shares allotted to each employe is based on continuous employment for 1926, 1927 and 1928 and on the employes’ rate of pay.
The employes of the company already hold $7,500,000 of its stock. Many of the employes have created substantial estates through these opportunities.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.