Herzl, Theodor, 1860-1904; Zionism; Zionists -- Austria -- Biography
The great financiers, moreover, will certainly not be asked to raise
an amount so enormous out of pure philanthropic motives; that would be
expecting too much. The promoters and stock holders of the Jewish
Company are, on the contrary, expected to do a good piece of business,
and they will be able to calculate beforehand what their chances of
success are likely to be. For the Society of Jews will be in
possession of all documents and references which may serve to define
the prospects of the Jewish Company. The Society will in particular
have investigated with exactitude the extent of the new Jewish
movement, so as to provide the Company promoters with thoroughly
reliable information on the amount of support they may expect. The
Society will also supply the Jewish Company with comprehensive modern
Jewish statistics, thus doing the work of what is called in France a
"societe d'etudes," which undertakes all preliminary research previous
to the financing of a great undertaking. Even so, the enterprise may
not receive the valuable assistance of our moneyed magnates. These
might, perhaps, even try to oppose the Jewish movement by means of
their secret agents. Such opposition we shall meet with relentless
determination.
Supposing that these magnates are content simply to turn this scheme
down with a smile:
Is it, therefore, done for?
No.
For then the money will be raised in another way--by an appeal to
moderately rich Jews. The smaller Jewish banks would have to be united
in the name of the National Idea against the big banks till they were
gathered into a second and formidable financial force. But,
unfortunately, this would require a great deal of financing at
first--for the L50,000,000 would have to be subscribed in full before
starting work; and, as this sum could only be raised very slowly, all
sorts of banking business would have to be done and loans made during
the first few years. It might even occur that, in the course of all
these transactions, their original object would be forgotten; the
moderately rich Jews would have created a new and large business, and
Jewish emigration would be forgotten.
The notion of raising money in this way is not by any means
impracticable. The experiment of collecting Christian money to form an
opposing force to the big banks has already been tried; that one could
also oppose them with Jewish money has not been thought of until now.
But these financial conflicts would bring about all sorts of crises;
the countries in which they occurred would suffer, and Anti-Semitism
would become rampant.
This method is therefore not to be recommended. I have merely
suggested it, because it comes up in the course of the logical
development of the idea.
I also do not know whether smaller private banks would be willing to
adopt it.
In any case, even the refusal of moderately rich Jews would not put an
end to the scheme. On the contrary, it would then have to be taken up
in real earnest.
Public-domain text, read in full here on John Shaqi.
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