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Palestine Economic Corporation Celebrates Its 30th Anniversary

December 13, 1955
See Original Daily Bulletin From This Date

The Palestine Economic Corporation, the oldest American development corporation in Israel, with assets of over $12,000,000 and resources several times that, celebrated its 30th anniversary tonight with a jubilee dinner at the Waldorf-Astoria Hotel. The PEC has 9,000 American stockholders.

Principal speakers at the dinner were Governor G. Mennen Williams of Michigan and Rabbi Abba Hillel Silver. A color film featuring Israel’s growing industries was shown at the dinner for the first time. Among the founders of the Palestine Economic Corporation 30 years ago were Senator Herbert H. Lehman, the late United States Supreme Court Justice Louis B. Brandeis, Felix M. Warburg, Louis Marshall, Robert Szold, present chairman of the board, and Julius Simon, former president and presently chairman of the administrative committee.

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