Pointing to the explosive situation now existing in the Middle East as a result of dramatic developments in Egypt, Iran, and elsewhere, Henry Morgenthau, Jr., chairman of the Board of Governors of the State of Israel Bond Drive, urged immediate financial action yesterday in support of Israel’s economy in the present Mediterranean crisis. In a report to the executive committee of the Israel Bond Campaign, Mr. Morgenthau emphasized that the State of Israel must be strengthened economically “to meet any outside emergency” that may develop out of the disturbed situation in the Middle East.
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