Jewish Post, Indianapolis, Marion County, 14 May 1982 — Page 16

Obituaries

On Tinterhooks

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INVESTING By LOUIS EHRENKRANTZ Mr Ehrenkranu is a Senior Vice President o/ RosenkranU. Ehrenkranu. Lyon & Rois at 6 East 43rd Street. Neer York. N. Y 10017 Me welcomes ell writtert questions

People who are afraid of buying stocks while the general market is in a downtrend don’t realize that there are always strong trends and companies in a weak economy. In addition, there are companies that benefit from “hard times” and become extremely desirable investments. One case in point is International Jj ^ Game Technology. B,-, i , M IGAM is a direct beneficiary of the current W 7 7 craze for television games and the trend ■ . towards legalized gambling. In addition to owning the largest slot machine route in Nevada, the company is a major manufacturer of coin-operated video games. In less than five Ehrenkrantz years, International Game Technology progressed from a start-up operation to a major force in the gaming machine industry heretofore dominated by Bally Manufacturing.

In three years, total revenues grew from $8 million to $61 million. Earnings per share in 1980 equaled $1.05. L*ist year, IGAM reported $1.90 per share, will probably show $2.30 in 1982 and $3.00 next year. This over-the-counter stock is trading at IS'/fe bid, less than five times next year’s estimated earnings and a shade above six times 1982’s estimated earnings. There is enough room for this evaluation to expand considerably.

Until 1980, all its gaming machines were sold in Nevada. Since 1981, Atlantic City has become a growing source of revenues. IGAM machines include a variety of card and other games in which the devices are displayed on a color video screen. Whether the participant is playing Keno, dice, or draw poker, the machines are programmed to respond to the player’s actions through a microprocessor type of controlled technology.

The most recent Presidential Report on Gambling revealed an extraordinary growing public acceptance of the gambling instinct. As the economic crunch grows, I think more municipalities will look with favor upon legalized casinos or electronic lottery machines as an acceptable source of revenue. This trend, coupled with a growing replacement market for older machines, may make my earnings estimates too modest. Hard times for local governments may make International Game Technology a high-flier before the year is out despite the market atmosphere. Mark IGAM as a potential super-star. The odds are in its favor.

Lord Janner Dies LONDON — Lord Janner, who had been intimately connected with British Zionist activities since the days of the Balfour Declaration and who twice was president of the Board of Deputies of British Jews, died here at the age of 79. He is the father of the present president of the Board of Deputies, Greville Janner. Entering Parliament in 1931, he was given a peerage in 1970 after having been knighted in 1961. He was a leader in the fight against the British White Paper which limited the number of Jews who could enter the then Palestine, and was a steadfast advocate of a Jewish state. Abraham Carmel, Famous Convert NEW YORK — Funeral services for the convert who in his day warmed the hearts of all Jews, Dr. Abraham I. Carmel, were held in the Yeshiva of Flatbush, where he taught for 18 years. He came to Judaism from a Christian pulpit. He addressed hundreds of Jewish audiences and was wellknown throughout the Jewish world as a symbol of those of the Christian faith who had joined their destinies with the Jewish people. Harry Weinberg DETROIT — Harry Weinberg, who directed Weinberg’s Jewish Hour on WJBK and WJLB, and who had a background of performing in the Yiddish theatre, died here at the age of 92.

A Fable For Our Time

By RABBI MAURICE DAVIS It was only a piece of land, and with not much intrinsic worth. First of all, it was not very large. Nor was it filled with natural resources. Parts of it were beautiful, but not all of it. Perhaps not even most Davis of it. But two groups of people wanted it, and that made it important. Both groups of people claimed it by right of possession, by right of history, and/or by right of inheritance. ONE SAID, “We were there first.” And one said, “We were there longest.” And both said, “Only our claim is valid, and their claim is without merit.” So they quoted their sacred writings, and they cited their chapter and verse. Both of them claimed it. Both of them

wanted it. Both of them demanded it. But if the truth were really to be admitted, neither one really needed it. Each one of them, if the worst came to the worst, could live without it. One of them had more than enough land already, and the other excelled in technology which could surely make up for the loss of the land. EACH ONE could live without it. What they could not abide was letting the other one have it. It was not a matter of need so much as it was a matter of pride. The world listened with much interest to all the claims and counter-claims, and when the suggestion of partition was put forth, it was resoundingly rejected by both. One said, “We cannot have a potential enemy so close to our centers of population!” The other replied, “We demand the right of self-determination! ”

And after all the charges were made and denied, after all the demands were issued and ignored, after all the threatening, the boasting, the posturing, they finally got down to business. ONE GROUP attacked the other. With planes and guns and soldiers they forced their way in. And then, mirabile dictu — the United Nations met, and did not condemn. The Arab nations convened, and decided not to interfere. The United States announced, “We are everybody’s friend, and we cannot be expected to take sides.” And so it was that the world decided to keep out, and to let the two groups find an equitable solution. I HOPE by now they have. I am referring, of course, to the Falkland Islands. What did you think I was talking about?

A Jew At Last

By SAMANTHA LINDBLAD The day of my conversion had arrived and I was filled with a number of conflicting emotions. I was happy, excited, nervous, and frightened all at the same time. My heart pounded, my stomach chumLindblad ed, and my legs felt weak. I had worked and studied for a long time to reach this point and this day marked the beginning of a new way of life for me. Goose bumps broke out on my arms as I realized that when I left this building today I would do so as a Jew. WE SAT in the rabbi’s office first as he filled in the necessary papers and I told him the Hebrew name I had chosen. When this was completed, to my utter dismay he then told me to wait in his office while he went to see if he could find two witnesses for the ceremony. He hadn’t gotten the witnesses yet? But he’d had a whole week to do that! Didn’t he care? Didn’t he know how much this moment meant to me? My spirits sank as a series of irrational thoughts stormed through my mind. What if he couldn’t find anyone? What if there wasn’t a single Jew available at this moment and the ceremony had to be postponed? The idea was unbearable to me. And then, only moments later, he entered the office again with a man and a woman who were to serve as witnesses. Relief flooded over me. ONLY THE TWO witnesses,

the rabbi, and myself were present during the ceremony. The light was subdued as we stood before the Ark and again I seemed to be viewing things as if from within a tunnel. I don’t remember all the rabbi said, but I do recall him asking if I had been of a different faith and had I given up that faith now. Although my required response to each question he asked consisted of only one word, I found it difficult to utter even this with ease, I was so filled with emotion. The most unforgettable moment of the ceremony came when the rabbi removed the Holy Torah from the open Ark and placed it in my arms. I felt a tightening in my throat as tears pushed for release behind my eyes for suddenly, despite the others present, I stood alone. As in my arms I held this holiest of scrolls and willingly cast my lot with that of the Jewish people my eyes were filled with tears and I was shaking. AT THAT MOMENT I saw my old and familiar world left behind and a new and unknown one lying ahead of me. At that moment I was a new person. I was a Jew. Afterward, once again in the rabbi’s office, I felt on the verge of tears and laughter all at the same time. I wanted to shout to the world that I had finally reached this day, that I was a Jew. I wanted to share my joy and excitement with others. I wanted other Jews to know I was now one of them. That I had willingly pledged my loyalty to Judaism and to them amid all circumstances and conditions. That their future was now my own. ! was a Jew at last.

Death Notices

Rabbi Solomon Kaplan Rabbi Solomon M. Kaplan - We record with sorrow the passing of our beloved colleague and extend our heartfelt condolences to his family and ' to all who were blessed by his fellowship and ministry. Arnold M Goodman. President The Rabbinical Assembly

Abraham Carmel Fifth Avenue Synagogue records with profound sorrow the death of its distinguished and beloved member. This extraordinary man whose “Strange Path" to our faith has been so inspiring to countless young Jews in England and the United Slates, which will never be forgotten. Henry Hirsch, Chairman Ira Leon Rennert, President

First National Bank Of Skokie

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