New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-15
Harry Fischel Wants Issue
Of Hebrew Liberty
Bonds
Pledges First $4,000
Writes Plan to Justice Bran.
deis; Subscriptions To Be
Paid in Five Years

Harry Fischel, president Of the Times
Square Improvement Company, Inc,
wrote to Justice Louis d. Brandeis, Of
the Supreme Court of the United States,
suggesting that the Jews of America
raise Jewish Liberty Loan Of $780,
/ 100000 for the rehabilitation OF Pales-
tine. Mr.. Fischel is willing 70 sub
scribe $4,000. Meetings at which the
project will be discussed will be held in
Baltimore to-day and tomorrow.
"No progress was ever made merely
with tears" wrote Mr.. Fischel to JUS
tice Brandes and TO newspapers; mo
progress will be obtained by simply re-
joicing. It is our duty TO do something
practical and in concrete form to as
sure the proper development of this
wonderful country of our forefathers,
which was known to be abundant with
milk and honey. Something will have
to be done quickly in order to change
the entire status Of that country, as
thousands upon thousands of people
will be glad and eager 10 so there. TIL
now, for the main part, many OF our
people went there TO die; few went
there TO live. To-day the reverse must
! be the case.
Enthusiastic Over Land
81 had the privilege Of visiting good
Z norton of Palestine a few years ago.
{ | came back enthused with the posi-
bilities that our Holy Land affords for
/ the development of the industrial and
commercial enterprises, TO say nothing
about the agricultural promise that II
. held out at that time and which has
naturally increased. The country has
( a vast amount of natural resources, and
/ therefore permits not only of the eX-
ploitation of these resources, but also
/ of the establishment of factories, using
as a basis copper, brass, coal, petro-
4 leum, asphalt and quite number OF
/ chemicals that may be utilized for
medicinal and other purposes.
"Now that everybody is hopeful that
q Jewish state in Palestine is no longer
a dream, it is we'll to make hay while
the sun shines Nothing can be done
unless financial backing is secured, and
every one should be willing to give his
share.
Bankers to Underwrite Loan
81 am of the opinion that the time
has come when a Sl00,000,000 Jewish
Liberty Loan can be floated and easily
subscribed by the Jews of America, and
that such loan should be underwritten
by our leading Jewish bankers. In or
der to induce subscribers TO make their
subscriptions as large as possible l
would suggest that these subscriptions
be payable in five years, in instruments
of 20 per cent each year, because 1t
would take fully that time before all
the money subscribed could be actually
required.
IL feel that it is great privilege to
start this subscription with my pledge
Of a large sum on the plan above men,
toned. ] have every reason to believe
that while the enthusiasm is great
among all Jews throughout the United
States, il is worth while to strike while
the iron is hot and let each one show
his enthusiasm by the amount of bonds
he is willing to subscribe, and in this
way many sympathizers will follow my
suggestion; and / have no doubt this
loan of $100,000,000 if properly handled,
will be oversubscribed in a very short
time"