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Faye 10 The Southern Israelite Financial Genius of Rothschild Saved Austrian Credit Structure on Eve of Rosh Hashonah On the eve of last Rosh Hashonah, the Austrian Government sent a whole battalion of gendarmes and police to find the whereabout of Baron Louis Rothschild in the woods of Southern Austria, and to present to him a letter from new Austrian Prime Minis ter Schoeber, requesting his immedi ate return to Vienna. The commu nication explained that unless the House of Rothschild was prepared to present an immediate solution, the population of Austria was faced with an economic catastrophe. Only a few days before Baron Rothschild had set out for a short vacation including a hunting trip. In the woods of the es tate, the entire Rothschild family, to gether with a number of non-.Jewish friends were hunting. The Rothschilds were curtailing their vacation in order to return to Vienna in time to cele brate the first night of Rosh Has honah. The government however, could not afford to wait. It had only a few hours at its disposal, because it is a well known fact that tin* House of Rothschild transacts no business on Rosh Hashonah or Yom Kippur. For that reason they hurried to transact their business on the eve of Rosh Hus- honah, before the arrival of a work- a-day Monday which would have meant the closing of the doors of the Austrian Credit Bank, bankruptcy and catastrophe to a very large propor tion of the Austrian population. In all probability, Baron Roth schild was not alarmed when the gen darmes finally discovered his where abouts in the depth of the woods with his hunting companions. He and his companions were entitled to carry guns no less than the police. In addi tion, the government had instructed the police officers how to conduct themselves so as not to alarm or of fend Baron Rothschild and his distin guished guests. Despite all this, the arrival of the police company was no pleasant surprise. For Baron Roth schild understood intuitively what the matter was which demanded his im mediate return, and he had no keen liking for the entire affair. The House of Rothschild is very well aware that the Austrian Government does not run to a Jewish banker when it has good business to offer. The anti-Semitic parties must have been at their wit’s end if they took recourse with l)r. Schober and prevailed upon him to ask the House of Rothschild to take over the famous banking institution, of the days of the Kaiser, which was directed by a Royal Governor since the entire dynasty deposited its pri vate fortunes there. Ity M. K. TKiNEBLATT In no foreign country is it possible to estimate what catastrophic signs were written in the heavens for the Austrian population, had the Austrian government not succeeded in securing the intervention of the House of Roth schild at a few hours’ notice. in the Austrian Credit Bank were hundreds of millions of dollars be longing to English and foreign credits. Of this sum, the National Bank, that is the State Bank, was ready to take a loss of $J(),IHH),000, about one-half of the Austrian Bank note circulation, in the hope that it could save the Credit Bank through large state cred its. But its plan failed. In addition, bound up with the Credit Bank, and directly dependent upon it for exist ence are a considerable number of factories and industries, from which hundreds of thousands of workers and employees of entire communities and a large number of factory cities di rectly derive their incomes. In addi tion to the effect of the crash on for eign credit, of so important an in stitution, iti the country itself, the catastrophe would have reached inde scribable proportions, difficult to pic ture in a foreign country with a nor mal economic status. 'I'he worst of it was that the direc tors and the financial experts of the House of Rothschild, who had been approached a few days earlier had al ready refused to take over the totter ing Credit Bank, on the responsibil ity and at the risk of the Credit insti tution in which Baron Rothschild holds the majority of shares and of which he is the President. (The Vienna House Einstein Says Jen's Must Not Rely Upon England Eor l heir Protection Paris (J. T. A.) Albert Einstein in an interview with the Parisian Jew ish paper “Haint” said that the most important problem facing us (the Jews) is the ^\rab question. Until now we acted as if we lived in a vacuum without paying any earnest attention to what was going on among the Arabs. Our present duty is to find ways of co-exir 4 ‘»nce with the Pales tine Arabs. “It is necessary to create a series )f non-political mixed institutions such as economic unions and insurance companies and through these daily Jewish-Arab contacts and collabora tion an amicable understanding will be reached. There is also a wide field open before us for the enlightening of the Arabs. "It is also necessary to make clear to our Jewish masses that we cannot conduct our policy along lines of ultra-nationalism simi lar to the nationalistic chauvinism current in other countries. Our ex treme nationalism in Palestine will be counteracted by an extreme national ism from other party, something which we have unfortunately already achieved. “We must regard the occur rences in Palestine as symptoms re quiring serious treatment. In this re spect we should not rely upon Eng land’s protection but we must demand that England do nothing to sharpen the animosity between Jew and Arab but as tor friendship, that remains our duty.’’ Zionists Political Aims l Philadelphia (J. I\ A.)— Blaming the aim of the Zionists for political domination over Palestine despite the fact that the Jews constitute only a minority of the population as being responsible lor the recent outbreaks of violence. Professor A. E. Prince of Queens University, Ontario, speaking at a meeting of the Foreign Policy Association on Saturday expressed the hope that the Jews might make a "Beau Geste” and give up their po litical power and the Arabs meeting Music and Radio Division Plate New York (J. T. A.) Leaders in the radio and music industry will do their bit for the organized Jew ish philanthropies of New York at the second £ 100-dinner of the radio and music trades division of the Fed eration for the Support of Jewish Philanthropic Societies of Greater New York, to be held Sunday evening November 2A at the Hotel Plaza. A score of prominent Broadway amed l or Palestine Riots them halfway would establish peace in the land from whence came the Prince of Peace. Answering Professor Prince’s charg es, Maurice Samuel, pointed out that the Jews were seeing political con trol over a mere P.000 square miles "f territory out of a total Arabian empire of 1.300,000. Samuels also de- i la ted that the Palestinian problems affect not merely the comparative handful of Jews in Palestine but mil lions of Jews all over the world. °i Federation to Hold $100 Dinner headliners will entertain the 400 guests expected at the dinner, aecord- mg to an announcement from Myron Goldsoll, a prominent figure in* the iadio world, and chairman of the din ner committee. The growth of the contribution from this division of the Federation, according to Mr. Goldsoll, from several hundred dollars to $15,- 000 is an indication of the growth of the radio and music industry. of Rothschild has also a bank 0 f • own, generations old, for internation loans and for the management of im personal fortunes. This private bank still carries the name of their grand father, S. M. Rothschild,—Shlom Maier Rothschild. Reading the initial in German, the Austrians jokingly j r terpret them as “Sein Majeste w,- Rothschild”—His Majesty, von Roth schild. In the days of the Kaiser. ;h,- anti-Semites of Vienna were wont • remark cuttingly that side by with His Majesty the Kaiser, stands his Majesty, von Rothschild, since ir . financial affairs, von Rothschild had more voice than the Kaiser himself• Baron Rothschild’s personal present was therefore required, since the ef forts with his associates had failed, ir, order to point out to him his patriot,* duties, and the importance of his un dertaking the matter, notwithstanding the perhaps justified objections, from the business point of view, of his di rectors and financial experts. The Government officials, and the officers of the National Bank knew that only a Rothschild could bring about the recovery of the tottering Credit Bark and that measures to save it had ; be undertaken at once before the ef fects were felt by the healthy arter>> of the once powerful institution. Every effort to persuade Baron Rothschild to act was made by :r>- government emissaries, who did m: halt their efforts even on the firs: night of Rosh Hashonah. Premier Schrober, who considers himself a? something of an authority on Jewisr. belief and practice, prevailed 'a; " Baron Rothschild to give considers tion to the matter on Rosh Hashior. A sick child must be rescued, Wa hls argument, and it was the duty . a doctor to rescue him, not only writing a prescription, but by suppl ing part of the medicine, even t«- t extent of a transfusion. And alth"U all Austria and foreign finar.cn circles had known for weeks the st of the imminence of the bankruptcy the Vienna institution, th« mere ficial announcement that the ID-' of Rothschild had taken over bank and guaranteed all the positors their money, had a steady-- effect. The very same day the > nouncement was made public. cial circles and foreign exchange? came calmer. Austria’s credit n world was once more stabilized, the industrial life of the country n verted to normal. Rothschild s ?-- ■- ture was enough not only t0 lize Austrian home industries, u. ^ prevent a drop in financial maria in many foreign lands. Austria is today still deeply t^- ful to the House of Rothschild. ^ Government, Parliament, the * a ‘ Bank, the Vienna Bourse and ® other official and government co i rations have expressed their t|) Some voices, are however, . the effect that the House o ^ ^ child stepped in when it (1 * good business deal. f ronl '' , i] ar >. could make several million 8 ® However, all Austria is satis if this should be the case.