ionism is represented by the Po'ale Zion, a small but
vigorous group, who are endeavoring to secure at least the adoption of
the communistic ownership of land in the pursuance of the Opportunist
program.

Dr. Franz Oppenheimer, lecturer in economics at the University of
Berlin, has recently issued a pamphlet disclosing the success of the
Merchavia Colony, a co-operative settlement near Nazareth, and
demonstrating that the only practical method of achieving large-scale
colonization is by this means.[19]

Strong in numbers and in influence, the Mizrachi party represents the
orthodox wing of Jewry, who "believe a faithful adherence to the Torah
and Tradition in all matters pertaining to Jewish life constitute the
duty of the Jewish people."[20] In the assemblage of futurists, the
Mizrachi stands as the spirit of the past, to whom all plans must be
justified, and whose power has its source in the religious fervor of
the majority of eastern Jews.

Finally, the Cultural Zionists may be said to find representation in
all parties, for the furtherance of spirituality is inseparably bound
up in the aims of every Zionist.

_The Financial Institutions of Zionism_

The financial instruments by which the practical Zionist aims are
seeking accomplishment are (1) the Jewish Colonial Trust,[21]
incorporated as a limited company in London (1899) with a capital
stock of $20,000,000 and a paid-up capital of $1,324,000; (2) the
Anglo-Palestine Company,[22] an offshoot of the Colonial Trust, with a
paid-up capital of $500,000, which finances Zionist undertakings in
Palestine, and declares annual dividends of 4 1-6 per cent.; (3) the
Anglo-Levantine Banking Company,[23] the financial institution of the
Zionists devoted to their undertakings in the remainder of Turkey,
with a capital of $125,000 declaring 6 per cent. returns; (4) the
Jewish National Fund,[24] whose object is to acquire land in Palestine
as the inalienable property of the entire Jewish people, with a
capital of $650,000 raised by individual contributions; (5) the
Palestine Land Development Company,[25] with a registered capital of
$87,500, organized for the purpose of (a) acquiring, improving, and
dividing into small holdings large Palestinian estates, (b) laying out
and cultivating intensive crops, (c) systematically settling and
training agricultural laborers in Palestine.

Of late the Jewish Colonization Association, which is backed by the
forty-million dollar fund