Israeli Government Closes Bank in Jerusalem on Charges of “trading with the Enemy”
Menu JTA Search

Israeli Government Closes Bank in Jerusalem on Charges of “trading with the Enemy”

Download PDF for this date

The Jerusalem branch of the Ottoman Bank was closed today by the government on charges of “trading with the enemy.” The government indicated that it has proof that the bank transferred all of its funds to residents of the Arab-held section of the city.

Meanwhile, it was learned here today that the British-controlled Barclays Bank has reopened its Nazareth branch and is conducting business with the full protection of the Israeli Government.

Construction of a new railroad stretching from Hadora to Tel Aviv is presently under consideration, it was learned here today. Hadora is midway between Haifa and Tel Aviv. The new line would link up numerous coastal settlements. Present plans call for the Solel Bonch Company to build the line at a cost of $800,000.

American special representative to Israel James G. MacDonald tonight declared that he “foresees and prays” for an Israel which is “not a copy of either the West or the East but a free Israel–free to be itself.” Addressing a meeting of the Journalists Association of Tel Aviv, MacDonald declared that mutual respect and sympathy is essential for sound American-Israeli relations. He also predicted Israel in the future will cooperate with its Arab neighbors, utilize its resources to settle the oppressed Jews of other lands and serve as a model of economic and social development.

Circassians living on both sides of the Palestine-Lebanon frontier are flocking to Israeli Army positions in Galilee to join up with the Jews, it was reported by the Hebrew press here. The development is credited to the fine showing made by Circassian and Druze troops which recently fought their first engagement as units of the Israeli Army in Galilee.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund