HERZL, THEODOR. (1860-1904). Hungarian-born, Austrian Jewish writer; founder and leader of the organized Zionist movement. TLS. (“Herzl”). Written as Chairman of the Zionist Action Committee to his colleagues. Additionally signed by Herzl’s close associate, Austrian Zionist politician and lawyer OSER KOKESCH (1855-1905, “Kokesch”), as secretary of the Zionist Action Committee. 1½pp. 4to. On two sheets. Vienna, March 15, 1901. A circular letter in German with translation.
“The ‘United Bureau of the Russian Confidence Team of the J.C.T.’ sends us the following letter: ‘Warsaw, March 10, 1901. To the reputable five-member committee of the Supervisory Board of Vienna. As a result of a copy of the decisions of a recent conference of Russian members of the A.C. held in Odessa, we allow ourselves to remark ad punctum II ‘All members of the A.C.’, etc.: It is impossible to let the members of the A.C. act as trustees of the bank. Firstly, because these gentlemen would also be heavily used in party matters anyway and would not be able to promote the interests of the bank with their best efforts. Then and mainly, the most important members of the A.C. are not banking professionals and lack this special knowledge and routine. As much as they may otherwise be respected today, it is very doubtful whether they would offer the world, the great masses, the necessary confidence, the indispensable safety in banking matters. As proof of the correctness of our words, we may mention the fact that when we had applied for Dr. Tschlenow to represent the Moscow Rayon [an administrative district in Moscow], he refused, expressly for lack of time to entrust the Urysohn brothers’ bank. But if it is only a question of members of the A.C. being on the trust team, then there are already 2 on it, namely Mr. Mandelstamm and Mr. Ussischkin. A paragraph could still be inserted in the ‘Statutes for the Russian Confidence Team,’ stating: “In places which are at the same time the seat of a trustee and a member of the A.C., the latter is a member of the Bank Commission,” as this has already been introduced in Warsaw.’
We would like to ask you to express your opinion and to sign. With special respect and Zion’s greeting…”