Hundreds of Jews besieged to-day the Jewish Co-operative Bank “Unitas”, when it became known that the bank is unable to meet its obligations.
The “Unitas” Bank is a 100 per cent. Jewish institution, having Jewish small-merchants and artisans as clients. When the official announcement was made to the clients that the bank was bankrupt, the embittered crowd began to throw stones at the building and smashed all the windows.
The bankruptcy of the “Unitas” Bank has caused a tremendous depression in Jewish trading circles. A Committee has been formed, with the participation of the former Jewish Senator, Adolf Trusker, to consider measures as to how to save as much as possible of the deposits.
Bankruptcies of other Jewish co-operative banks are reported to-day from Kalisch and other Polish cities.
Reporting the stories that define our era. When history unfolds in real-time, the Jewish world turns to JTA. Your support ensures we can document the complexities of war and the resilience of Jewish communities with integrity.
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.
