Ohio Jewish Chronicle, 1975-02-27

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VOL. 53 NO. 9 ,
FEBRUARY 27,[1975 -ADAR 16
Bankers Head And Federal Reserve Governor
Defend Sale Of Bank Stock To Saudi Arabian
Sit-In For Soviet Jewry
UNITED NATIONS — A small group of demon¬
strators demanding United Nations action on Soviet
Jewry are escorted from the Meditation Room at U.N.
headquarters by security guards. About 15 members
of Betar, a militant Zionist youth organization, locked
themselves in the Meditation Room in an effort to force
the organization to take action on behalf of Soviet Jews
-and, particularly, Mikhail Shtern, a physician con¬
victed of bribery in the Soviet Union. After several
hours, the group left peacefully after a promise that
they would be allowed to meet with a representative of
the U.N. Human Rights Division.
RELIGIOUS NEWS SERVICE PHOTO,
By BUI Cohen
Chronicle Special Reporter
The recently announced
sale of a large share of stock
in a Michigan bank to an
Arab has gotten the support
of the President of die
American Bankers
Association and a member of
the Board of Governors of
the Federal Reserve
System.
George Whyel, head of the
A.B.A., and Robert Holland,
one of seven. Governors of
the Federal Reserve
System, both supported the
controversial sale when they
visited Columbus last week.
On January 31, news
leaked out that Ghaith
Ph'arabn, ah American -
educated Saudi Arabian,
was buying 40 per cent of the
preferred stock and 32 per
cent of the common.stock in
the Bank of the Com¬
monwealth, the sixth largest
• bank in Michigan.
The transaction which
must still be approved by the
Federal Deposit Insurance
Corporation, was criticised
by some Jewish leaders and
supporters,of Israel.
Whyel, in Columbus Feb.
19 to address a meeting of
the Ohio Bankers
Association, said that the
A.B.A. has not taken a
formal position on the sale,
but he gave his personal
•'view.. '.
"Where there is' capital;
needed in a bank, the in-
: fusion of money in; the form
of capital is a good thing.
Central Body Planned To
Counter Arab Propaganda
Humphrey: Continued Arab Pressure
Could Lead To Growth In Anti-Semitism
By Bob Tenenbaum
Chronicle Special Reporter
Senator Hubert H.
Humphrey, admitting that
he worries about the
possibility that continued
pressure on *the United
States by the Arab oil-
producing nations could lead
to a growth of anti-Semitism
in this country, warned last
Sunday that "our govern¬
ment cannot allow anyone to
rekindle the forces of bigotry
in this nation."
The Minnesota Democrat,
who served as Vice
President from 1964-68 and
was Ms party's Presidential
nominee in the 1968 election,
spoke to the fifth annual
Night for Life dinner
sponsored by the Young
Men's Division of the
Columbus Jewish
Federation.
Humphrey told his
audience he had been in¬
volved in United Jewish
Fluid activities "longer than
most of you," and he warned
of what he termed "a very
subtle campaign by the Arab
states to change American
public opinion."
He said recent i
vestments in U.S. banks am
other industries by the Aral
states were the beginning
that campaign.
"I'm not opposed to OPEC
dollars being used to develop
this country," Humphrey
said. "But we need some
rules. We can't afford, for
instance, for any country to
take over our media."
Responding to questions
following his address,
Humphrey said he had not
seen actual evidence of an
Increase in anti-Semitism in
the United States since last
winter's Arab oil boycott.
"But I worry about it," he
said. "The. time to nip it is
now and the way to nip it is.
through government policy
—and by that I mean strong
policy statements by the
President and by the
Congress."
"Your, government is
going to stand steadfast with
Israel," Humphrey said.
"I believe in the necessity
of American support for and
cooperation with Israel
because as a Senator I know
the strategic importance of
an independent, self-reliant,
defensible state of Israel,"
Humphrey said.
"Hie real objective of
American foreign policy
should be to help people
build a better life—to give
people a chance to celebrate
life," the Senator said.
"So I take a great deal of
pride as a long-time sup¬
porter of Israel in pointing to
Israel and saying, 'Look
what they have done there)
Despite being the victims of
naked, aggression and
blatant attack, despite being
surrounded by hostile neigh¬
bors, the Israelis continue to
set an example for : the
world," Humphrey said.
"Our foreign policy obr
jective should be to help
those who help themselves,"
he said, "especially those
who nurture and use the
Democratic processes."
"Israeli, along with
Western Europe and Japan,
is a classic example of what
we can do if we help others,"
he said. "Without our help, a
whole section of the world
would be under Soviet in¬
fluence,today ,",_
Humphrey said it was
"imperative" that the U.S.
and the Soviet Union work to
minimize their differences.
"But the spirit of detente
should include more than
just the niceties," he said.
"If Russia is sincere about
detente, it should prove it by
stopping the shipment of
arms into the Middle East if
the United States agrees to
do the same."
"Until then," he said,' 'it is
in our national interest to let
the world know that we are
willing to stand, up for those
Who will fight for their Ovro
survival.!'
Humphrey,   strongly
criticized the United Nations
(CONTINUED ON PAGS 13)
By Yitzhak Rabi
NEW YORK, (JTA) - The
Conference of Presidents of
Major  American  Jewish
Organizations will establish
a central body to coordinate
efforts  to counter  Arab
propaganda in the United
States. This was announced
on Feb. 19 by Rabbi Israel
Miller, Conference chair¬
man.   Expressing  concern
over    intensified.... Arab
propaganda here, ''whieh
according to Rabbi Miller, is
"much more subtle and
clever" than it used to be, he
said that the new central
body would include Jewish
organizations     and     in¬
dividuals alike in order to
have a unified approach in
dealing   with   the   Arab
propaganda.  Rabbi  Miller
also said that the Presidents
Conference is requesting the
State Department and the
CSty of New York to deny
official     diplomatic
recognition       to       any
representative or office of
the Palestine Liberation
Organization, which is ex¬
pected to come here for the
next UN General Assembly.
Rabbi Miller disclosed
that he met last week with
John Scaliy the United States
Ambassador to the UN, and
discussed with him the
question of the PLO treat¬
ment on the part of the U.S.
(CONTINUED ONPAGE 14)
Middle East Expert To Speak
Ell Bizek; a State
Department official, will be
the featured speaker at. an
open "State Department
Briefing" on the Middle East
Today, at the Jewish Center,
on Monday, March 3, at 8
p.m. Mr. Bizek, an expert on
the Middle East, has been
stationed in both Israel and
several Arab nations, and is
a spokesman for the U.S.
State Department on Middle
East issues.
The'meeting is part of a
series on Israel and the
Middle East, sponsored by
the Columbus Jewish
Federation, the Community
Relations Committee of the
Columbus Jewish
Federation and the Israel
Information Center.
Hie public is invited to
hear Mr, Bizek analyze and
explore the  Middle  East
situation. "Knowledge of the
issues can help us com¬
prehend better the needs of
Israel at this precarious
time," said J. ^laynard
Kaplan, CRC Chairman, in
extending an invitation to
the community td attend.
Now, how far that goes, I
can't answer that, but that's
one good way to recycle
some of this oil money," he
said.
Whyel said he welcomes
Arab investment in U.S.
industry and banks "if it's
done on a proper basis."
Asked .what he defined as
"a proper basis," Whyel
gave the example of ihe
Michigan bank stock sale,
"where they put actual new
money into a bank that needs
capitol and is unable to raise
it otherwise."
Whyel said he believes
, "there are laws on the books
at the present time that any
foreigner cannot have
control over any business
that is in our national in¬
terest." '
"I would riot like to see.
them (Arabs) have control
over major banks in the
: country. I think that could be
(CONTINUED ON PAGE 11)
Adwnee Gifts Dinner
Is Major Campaign Event
EUBiiek
Plans  for  the   Advance
Gifts Dinner, to be held on
Wednesday evening, March
5, at 6 p.m. at the Winding
Hollow  Country  Club  are
being finalized, according to ,
Melvin     Schottenstein,
Chairman of the Advance
Gifts Dinner. "For the first
time in several years, the ,
UJF  Campaign   will  be
holding, an Advance Gifts
Dinner of this magnitude,
with a speaker of the caliber
of Gideon Hausner. The
dozens  of  men  who  are
already actively sworking on
the dinner planning, and the
hundreds who we expect will
attend,   are  devoted   to
making   this  the  major
campaign  event  of  the
year",   said  Mr.   Schot¬
tenstein.   The  dinner,  for
contributors of $1,000 and
over, will feature an address
by Gideon Hausner, Israeli
. Minister - without - Portfolio,;
and    the    world-famous
.prosecutor at. the trial of
Adolph Eichmann.
.   Dr. Jerome D. Folkman,
Rabbi Emeritus of Temple
brad, will deliver the in-
.vocation, and Rabbi David
Stavsky, of Beth Jacob, the
benediction.    The    past
campaign chairnjen of the
United Jewish Fund.Cam¬
paign will be honored at this
meeting, since, in the wonfs
of     Dullard    Cummins,
. General Chairman of. the
1975 Campaign, "without
them and their pioneering
efforts over the years we
would never have reached
. the point where  we  are
today, where we are able to
actively seek a $6,000,000
goal of needs."
Serving oh the planning
committee with Mr. ,
Schottenstein are, Millard
Cummins, Morris Fleish¬
man, Leon Handler, Irving
Schottenstein, Marvin
Glassman, Sidney Blatt,
William Glick, Ernest Stem,
Edwin Ellman, Sol D. Zell, J.
Maynard Kaplan, Gordon
Zacks, Sanford B. Sanford,
Ben Goodman, Frank Nutis,
Herbert Schiff, Erwin
' Cohen,, Dr. Sam Portman,
Murray Greenberg, Edward
Schlezinger, Tom Lurie, Ben
Balshone, David Levison,
Louis Robins, Michael
Bloch, Dr. Harley Blank, Dr.
Wesley Rosenthal, Stanley
Goldberg, Heinz Hoffman,
Dr. Al Tyroler, Jeffrey
Paine, George M. Levine,
Myer Mellman, B. Lee
Skilken, Leslie Wexner,
Bernard Yenkin, Benjamin
Zox. Troy Feibel, William
Kahn, Norman Meizlish,
George Rosenberger,, Harold
Schottenstein, David Adler,
Gerald Friedman and
Gerald Swedlow.
The dinner meeting is open
to all contributors of $1,000
or more to the 1975 United
Jewish Fund Campaign, and
reservations can be made by
calling the Columbus Jewish
Federation at 237-7686. The
dinner is kosher and -the
priceof the dinner includes a
cocktail party. Ben Balshone
is Chairman of the
Arrangements   Committee.