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Deutsch Warns Against Unloading German Bonds

September 10, 1933
See Original Daily Bulletin From This Date

Cautioning his hearers against liquidating German long-term bonds which approximate a billion dollars in American holdings, Bernard S. Deutsch, president of the American Jewish Congress, in an address at the Independent Order Brith Sholom last night, said that a speedy sell-out of German securities “would be playing directly into the hands of the Hitlerites.”

The German government has willfully repudiated its contractual engagements in order to acquire its bonds, Mr. Deutsch said. He explained that sale of German bonds at this time would not aid the boycott. It would coincide with the hopes of the government of Germany, he said, in helping to prolong the power of the regime.

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