“ This enormous fund, which is probably the greatest charitable trust in the world, is now managed by delegates of certain Jewish societies, chiefly the Anglo-Jewish Association of London and the Alliance Israélite Universelle of Paris, among whom the shares in the association have been divided. The association, which is prohibited from working for profit, possesses large colonies in South America, Canada and Asia Minor. ”

“ In addition to its vast agricultural work it has a gigantic and complex machinery for dealing with the whole problem of Jewish persecution, including emigration and distributing agencies, technical schools, co-operative factories, savings and loan banks and model dwellings in the congested Russian jewries. It also subventions and assists a large number of societies all over the world whose work is connected with the relief and rehabilitation of Jewish refugees. ”

“ For some years he regularly paid the deficits in the accounts of the Alliance, amounting to several thousand pounds a year. In 1889 he capitalized his donations and presented the society with securities producing an annual income of £16,000. ”