Why does the first Zionist bank still exist?
Herzl founded the Jewish Colonial Trust to finance building a Jewish state. The state is built, but JCT is still there.
The yellowing Jewish Colonial Trust stock certificate passed down to Y.S. from his great-grandfather is for him a source of pride. His great-grandfather acquired it in 1899, seven years before immigrating to Ottoman Palestine and becoming one of the original settlers in Tel Aviv. But Y.S., who as a civil servant doesn’t want to be identified by name, is less proud of the fact that the...
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