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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jan 20, 1949
Page
5
Washington reports that full American diplomatic recognition of Israel appears certain next week following a $100,000,000 loan to the new Jewish nation. The government took a major step toward this objective by granting aid actions yesterday.
United States approves a $35 million loan to Israel with $65 million more later to develop agriculture and industry as Israel awaits full de jure recognition following elections. State Department signals rapid diplomatic expansion subject to a peaceful transfer of power and political stability.
A car driven by Miles Richard Back, 18, of 2108 Crescent Blvd., struck two mail boxes and dipped into a ditch on Central Ave. Police say Back lost control traveling west, hitting a mailbox in front of 3603 Central Ave, then a ditch and abutment before striking another mailbox near 3516 Central Ave. Damage to the car was about $25.
Marcellus Boyd a 27 year old resident of 1603 Manchester Ave appeared before Judge Alton H Combs in Municipal Court yesterday and was fined for creating a disturbance.
A portion of American credits to Israel, tied to submitted projects, remains available until December 31. The loan carries 3 percent interest and a 15 year repayment term. The credits, issued amid Jewish Arab truce talks, increased the likelihood of a British shift in policy toward Israel, though not with certainty.
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