The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1922-08-11


further projects that will be bene-
fetal to Palestine, has undertaken to
help raise this money primarily
among Jews in America. It is start
ing out to raise one and half million
dollars, and starting out to raise it on
business basis, as an investment en-
terprise. OF course, there won't be
returns for some time to come. OF
course, Palestine may be swallowed
up by the sea and everything lost,
but we don't count on that. OF course,
Palestine may have all sorts of trou-
bles, but we don't believe that it will.
Located as it is, between Asia, Africa
and Europe, with the nations OF the
world pledged to assist in it's growth
and development and with England as
the mandatory power keenly interest
ed because of the Suez Canal and
routes to India, there is no reason to
fear that it has not great future.
All experts have told us about the pos
sibilities. 1t is a second California,
one-twentieth the size. And it's top
ography, the climate and the cond1-
tons of climate are similar to Cali
fornia, only in little area. 1t has
the possibilities that California had
so years ago and because of location
even greater possibilities. We believe
therefore in view of the experts re-
port to us as to the present demand
and the probable demand of the flu
ture as the country grows, that the
Gutenberg plan is what the British
Government believes it to be, what
the engineers in Europe and here say
in their judgment it is-a sound I'M
dertaking. We believe, but we offer
no guarantee, that it is an investment,
a real investment, an investment
where returns may be deferred, but
a real investment We know that
the carrying out is absolutely essen
tial to a real upbuilding of Palestine
and for that reason, even though re-
turns be deferred, even though we be
disappointed in the getting of the re-
turns, we feel that we are offering
an opportunity to the Jews Of Ameri-
ca to do fundamental thing, vital in
the life Of the Jewish people.
AS to the financial phase, our pres
ent plan is this: The Palestine De-
velopment Council, of which the trus-
tees in addition to myself, are, Mr.
Sol Rosenbloom, millionaire,
now in Palestine, and our Treasurer,
Mrs Mary FEELS; Lewis Straus, Jr., of
Kuhn, Loeb & Company; F. julius
Fohs, geological expert; DR.. Loewen-
stein, Leon Kamaiky and Senator
Nathan Straus, Jr., is asking that
subscriptions be made to it and trust
certificates issued by it and that it be
entrusted as trustee to determine
when and how the thing should be
done. We state in the document we
are issuing that our idea is this: That
the company to be formed shall have
preferred stock and common stock
and the common stock not less than
20 per cent of the whole, shall be
taken out of the funds owned by the
public bodies and controlled by them.
And we ourselves, the P. D. c., have
funds of that kind, because in all of
our enterprises there are some people
who, while they want to further in
vestments, nevertheless want also to
make donation of their investment
for the benefit of Palestinian Jewry.
And funds that come to us in that
way are completely within our control,
and we would invest those in COM
mon stock. We are saying in this
that we are offering pre-