The Denver Jewish news. [volume] (Denver, Colo.) 1915-1925, 1920-10-20

tied up in loans to the Zionist Or
,ganization or the Zionist Commission:
partly, because it is tied up in real
estate and real estate loans.
The working capital Of the Jewish
Colonial Trust and the Anglo-Pal-
estine Company should be increased so
as to enable them to supply the de
,nand for short time commercial and
industrial loans. This must he done
in part by the increase Of capital is
sues; in part by paying off the Zion
list Organization and the Zionist Com
mission loans and in part by dispos-
ing of the real estate and real estate
loans. To these ends, there should
he ta) A sale Of new Jewish Col
onial Trust and Anglo-Palcstine
shares of stock OBJ Cash funds
should be raised to pay off the ex-
listing Zionist Organization and Zion
list Commission Indebtedness. (c) \
land and mortgage bank should be
created to purchase the immobile as
serts of the Anglo-Palestine Company
and to make proper real estate loans
| in the future. The sale of shares in
such land and mortgage bank. like
the sales of shares In the Jewish Col
onial Trust and the Anglo-Palestine
company, may properly absorb a large
amount of money; and on such shares
n dividend should be earned and a
modest one paid from the start. the
balance of earnings being used to
build up surplus.
Housing Problem.
(2) There is pressing need in the
| towns. in order that newcomers i'll
commerce and industry may bc
housed. that very modest dwellings be
constructed This should be done Oh
land acquired for the Jewish people.
The cost of building such houses now
is much greater than it probably will
be few years hence, owing to war
initiation and primitive conditions OF
the country. If men are to be housed
| i'm buildings constructed under pres
ent conditions and must pay now ana
forever after rent sufficient to meet
interest and sinking fund charges. the
rent will be prOhibitively high. \ part
of the, cost of necessary new buildings
may properly I've treated as a war .ex-
| pense, because 1T is due to temporary
conditions, aud 1t is proper that this
extra expense be borne as such by
the jews of the ,Diaspofa. In other
words the return on their investment
may properly be less than fair re
turn on the whole sum expended If
treated as an Investment made today.
There may properly be expected n very
small return therein. by way of
dividend on shares Of stock. represent
ing the cost Of these urban dwellings
so constructed. But it should be made
clear in selling such stock that the
houses so constructed will have to
compete in renting later with houses
to be built under conditions when
building will cost much less in pounds
and when the cost of money. measure
ed at the current rate of interest, will
! he much lower The building invest
ment may be compared with that now
being made by the London County
Council.
CD Educational facilities aud re-
search institutions. These. likewise.
Iuay properly be aided .bv contributions
from the DiaspOra for expenditures.
both as capital outlay and for run
4 ming expenses. The research incident
| to new country-the knowledge of
its resOrrces-its possibilities, defects
and diseases and how to deal with
them-is absolutely an expense proper
to be borne by the community. 1t is
mn outlay demanded by n prudent adj
ADMINISTRATION of the Government. 1t
should properly he borne by the gov
ernment of Palestine But many new
countries cannot afford such prudent
expenditures. |. e., cannot bear the
burden of taxation which would he in.
vplyed in providing by taxation of i
sparse and struggling population to
the extent required to meet cost of
such research. Poverty in suci, eases
may compel n country to be wastcfully
! ignorant. Moneys for this purpose
must. unless there is to he II very slow
growth of the desired knowledge of
local conditions and needs, be provided
| from without.
10 certain extent money required
for educating individuals. particular
| ly in higher education and for voca
.tipnal training, may properly lie SO
provided also. But narrow limits
must, in this respect. and for the
reasons following. he strictly ohscrv-
ed.
Encouraging the Immigrant.
MIN lnynlnninnnt which il OUR nhinl.. |