The Denver Jewish news., 1921-04-06
JEWISH THEOLOGICAL Summary
IN FINANCIAL DIFFICULTIES.
Naion Wide Campaign Planned to
Raise Necessary Funds.

After thirty-fiye successful years.
the Jewish Theological Seminary of
America in New York which has
graduated many of the prominent
,rabbis, Is facing bankruptcy, according
to Louis Marshall, chairman of its
Board Of Directors. at meeting of
subscribers to the seminary at the
Jewish Center. 131 w. seth street.
Mr.. Marshall and Cyrus Adler OF
Philadelphia, acting president of the
seminary. both urged that Jewish COM
munities in the country relieve the in
stitution of its financial difficulties
by making contributions and become
ing members. The theological scmin-
AIRY and the teachers Institute must Ike
continued, they said. if the Jews want
their religion to survive. Samuel
levy of 1913 Broadway, was elected
chairman of committee to be chosen
by him, which is to carry on cam
paign for an unlimited amount of
money to be used for the annual bud
get. Sol NJ. Stroock, the Honorary
Secretary, and Judges Samuel Green
baum and Otto A. Rosalsky also spoke.
Mr.. Marshall traced the seminary's
growth from 1886 and paid tribute
TO the memory of Jacob H. schiff. one
OF the institutions most liberal bene-
factors The seminary was begun by
leaders of conservative Judaism i'll
This country. said Mr.. Marshall, ana
was reorganized in 1901 when the late
Professor Solomon Schechter came to
America He was made President and
n new Faculty was added. which. said
Mr.. Marshall, created an institution
" hich became the pride of American
Jewry."
The institution and the teachers col
lego. In stuyvesant place, We're maih-
tanned by endowments and confirm
lions, and Jacob II. Schiff, he said'
mot only gave MS our building, but
also added very largely to our endow-
ment fund" The library has col
lection of 10000 books and 1000 NAH
uscripts. and is one of the greatest
collection of Hebrew books in the
world.
I'VE got along fairly we'll, having
COLLECTED an endowment fund of $780,
900 and our large membership SAID
Mr. Marshall I'VE had small an
nual deficit, but it was always within
our reach. We gave scholarships to
the students of the seminary and the
teachers college, for many of them
would have had to work after classes
otherwise. When the war came a com
mittee was formed to get contributions
and 1t reported pledges of Sso'ooo. IN
the strength of that amount we III
creased salaries. the number of teach |
ers and the amounts of scholarships
We embarked on larger basis of eN-
renditures. But. unfortunately, tho
pledges were not kept and we recelv' |
eli only $4,000"
The deficit had to be met to Keep |
the institutions running. so Mr.. Mar
shall himself has contributed S14-WG
thus far toward this object. he said.
I'VE are in a worse condition thai,
VIC have ever been before he said
Not II dollar has been wasted. In
these days. when we Jews have TO
fight for our honor and our very on
istence, the thought that we may go
into bankruptcy fills mo with dread
DIR. Adler. who has been acting Pres
ident since the death of Professor
Schechter. said that the whole Jewish
educational system rested on the sem-
mary and similar institutions.
He announced that the budget Tor
the present year was S13G,OO0. Some
CT those in the hall offered donations
of 81 900, but Judge Rosalsky made Il
motion to conduct nationwide cam
p,isn. and the eager contributors were
asked TO wait