The Southern Jewish weekly. [volume] (Jacksonville, Fla.) 1939-1992, 1951-02-09
INTRODUCING ABE GRUBER
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Jewish community years. the successful alb
sorpon of this unprecedented immigration and the strength
ening of the economy of the country
Through the Bond Issue. which Abe informs will be
formally oated in May of this the American Jewish
community within year period $500000-
O0 Frankly the writer thinks this very conservative goal
indeed when you remind yourself that through the
American JewY has given of current income far
than that various national and community drives
AS general rule people give out Of loans for
which another way Of saying bonds-usualY
Of capital and according to of
leading American economists among whom is Mr.. Robert r.
Nathan of this countrYs bestknown economists and
member of the Board of Governors of the Israel Bond Issue
the American Jewish community whole is estimated
have total capital Of which $sO00O00OO Is
tiny fraction.
According to present information there will be two types
of Bonds offered in May One savings bond roughly SINH
lar the u S. Government Savings Bond which will sell at
date of SALE and increasing in value to maturity at the rate
of 3h 20 compound interest
The other type of bond will be straight
bond denominations of $500 up $4,000 maturing Is
years and paying s1z interest twice year.
Interest and principal both types of bonds will be paid
in American dollars.
But beyond the solid information that Abe Gruber has
and which certainly substaniates the sheer faith that has
motvaed most Of us in our support Of Israel liked very
much Of the hainish analogies that to well
from this enthusiastic young man.
To him, Israels courageous open-door policy is renis
cent OF the same spirit that inspired great country
to take in millions of teeing immigrants in the great
pandng of the early 19OOs Abe still remembers stories
his father told him of young pouring into the
pentzufussen working tremendously hard at long hours
studying learning to become somebody and something
Out of tnat npourng of immigrants out of the humanitarian
impulse to take in the proud and substan
al American Jewish community which spread into all the
of this wonderful land founded great businesses edu
Gated sons and daughters into professions added the wealth
and cultural achievements of the country and became the
fount Of aid to other less fortunate Jews elsewhere in the
world.
But if hadn't been for the open gate and the helping
hand these immigrants found in the form Of already high
lY indusrazed and agriculuraY developed country this
great and productive absorption would have been
sbe This exactly srae position today only that state has
set itself the Mesanic task carry out in short time job
which normally takes generations to accomplish That is why
capital loan necessary and above the continued need
for phanthropical relief dollars With this capital loan
chnerY and equipment of all types be provided absorb
the huge of immigrants that Israel welcome and
give them productive work Among the projects which the
Bond Issue will provide for harbors railways comun
cation facilities irrigation housing arerial roads, sanitation
facilities and other income producing facilities These the
fundamental needs which community builds its
prises.
We thank you, Abe Gruber for coming down here
to help organize Jacksonville and Savannah for the Israel
Bond Issue Personally convinced this Bond Drive
can't help but be hugely successful and we're very glad
have you with us in the community.