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Truman Says Economic Weapons Can Halt Soviet in Middle East

May 13, 1958
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President Harry S. Truman apologized to an audience of 22,000 persons at Chicago Stadium last night for being unable to attend, as scheduled, the midwestern celebration of Israel’s tenth anniversary. The function was sponsored by the Israel Bond Organization in cooperation with all the major Jewish groups in Chicago.

Mr. Truman, whose travel plans were vetoed by his physician, declared in a filmed interview with Col. Jacob Arvey, honorary chairman of the Chicago Israel Bond Committee, that no peace settlement between the Arabs and Israel can be based on “whittling down Israel’s territory or on undermining her chances of stability and survival.”

He asserted, too, that Soviet influence in the Middle East could be checked “not by the instruments of war, but by a bold and large-scale use of economic weapons. ” He cited the Israel bond drive as a “good example of how investment funds can be channeled into economic development.”

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