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Free Loan Society Helps 15,000

February 12, 1923
See Original Daily Bulletin From This Date

In his annual report at the thirty-first annual meeting of the Hebrew Free Loan Society, Julius Dukas, President, said the 31 years’ history of the society showed its one object was “that of pointing the way and providing the means for people to help themselves.” His report showed that small loans aggregating $1,005,890 were advanced last year to 14,649, making a total of $13,437,449 loaned to 412,734 borrowers since the start of the organization. Last year was the second time that the total loans reached or surpassed $1,000,000. The $1,000,000 mark was reached by the society in 1921. In 1921 its aggregate loans advanced to 14,467 individuals were $967,455. In 1915 the total loans were $670,505.

Dr. Royal S. Copeland, U.S. Senator-elect, criticised the immigration laws. He was preceded by Borough President Miller who appealed to Jews to continue to answer attacks with constructive effort.

Adolph Lewisohn spoke of the work of the society and the long period over which it had extended aid to the needy. Mrs. Jacob H. Schiff was presented to the gathering and bowed her acknowledgements without remarks. A tablet was unveiled in memory of Hirsh Rabinowitz, for many years a Treasurer of the society.

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