The Denver Jewish news. [volume] (Denver, Colo.) 1915-1925, 1921-08-03

will be built. The Jewish Reconstruc-
tion Company of Poland has been con-
ceived on the sound business lines Of
purely commercial enterprise to be
carried on thru the close cooperation
of American and Polish Jews. The
million dollars set apart by the Re-
construction committee of the Joint
Distribution committee is TO be con-
sidered only in the light Of loan to
the new organization; and while the
practical execution of the work il ell
trusted to the combined efforts of
American and Polish Jews. the Joint
Distribution committee will only have
controlling power over the activities
of the new organization.
The Jews Of Poland will participate
In this loan. At the conference held
in Warsaw In April at which Mr..
LandescO's plan was formulated and
adopted, the leading representatives
OF Polish Jewry pledged themselves to
contribute from 1919 to 800 of the
sum that will be advanced by the
Joint Distribution committee which in
this case will be from 100000 to
S2OO.OOO. 4
Details Of the Organization.
Poland will be divided In seven dis
tricts; Lemberg, Cracow, Warsaw.
Brest. Litowsk, Bialystok. wilma and
Rovno; each district Will have ten
Credit Associations or Loan and Trust
Companies. under the supervision of
n District Federation.
The district Federation will act us
n Reserve Bank of the ten local Loan
organizations: the Federation will re-
lease the funds to each Of them ac-
cording to their current needs; aud
will act as the necessary link between
them and the main organization OF
the Jewish Reconstruction Of company
OF Poland. Is tllIs
Long term loans will be made by
the local branches to individuals at
the rate of 1870 per annum; five per-
cent of which will go towards payment
Of the running expenses Of the local
loan organization; go to the district
Federation; $50 to the main organi-
zation of the Jewish Reconstruction
Company Of Poland, and go will go
towards the formation of reserve
fund against possible losses.
To these 20 local branches the sum
of 100000 will be allotted out Of the
million dollars, while the balance of
S3OO.OOO will go towards substituting
the Cooperative Associations. This
allotment was decided on nc the War
saw Conference after minute scru-
tiny of the economic situation and the
local needs of the Jews in Poland.
The Cooperatives.
The Cooperatives will not be divid- |
cd in districts. There are three dis
linct groups of Cooperative Associa-
tions, each of them administered by a
Central Organization.
1. The workmen's Cooperative As
sociations of Consumers are today the |
best organized in Poland; they count
n membership of $4,000. Some Of them
cater to the needs of memberS only.
while others sell foodstuffs and other
necessaries to the general public with
a nominal profit of 1919 which Is adc-
auate ia cover their overhead ex.
penses.
9. The so called General Coopera-
tive Associations Of Consumers are
established on the same principle as
the workmen's Cooperative Associa-
tions of Consumers.
3. The artisans Cooperative Associ-
atoms deal with an entirely different
problem than the Cooperative Associ-
ations of Consumers, and their mis-
sion is most vitality important to the
economic rehabilitation of the Jewish
artisan in Poland. Not only do they
supply the craftsman with the neces-
sary tools and materials, but they
also market for his account the finish
ed product. Acting in the dual ca
pacity OF purchasing and selling agent,
the Artisans Cooperative Associations
give their members the benfit OF the
best prices both in buying the supplies
and in disposing Of their wares. The
prestige these Cooperative Associations
derive from their large membership
their wide purchasing power and the
great productive capacity of their
adherents places them as the fore
most factor in the economic life of
Polish Jewry.
Governed by the same organization
principles and under the same con-
troll as the other institutions, the SUB.
sidy of 100000 will go far towards
making the Artisans Cooperative AS
sociations one of the most useful