The Czechoslovak Review/Volume 3/Czechoslovak Commercial Corporation

CZECHOSLOVAK COMMERCIAL CORPORATION.

American business men of Slovak birth and descent met in Cleveland on February 18th to discuss the problems of investments in Slovakia, so as to create more employment over there and increase commercial relations between the Czechoslovak Republic and the United States. More than a hundred representative business men attended the conference. The result of the deliberations was to establish a Czechoslovak Commercial Corporation of America with a capital of one million dollars, and those present subscribed at once the sum of $100,000.

Following persons were elected to organize the company; A. S. Ambrose of Bridgeport, chairman; Paul Kvorka of Chicago, vice-chairman; Michael Bosak of Scranton, treasurer; Ivan Bielek, of Pittsburgh, secretary; Clement Ihriský, Leo Zaruba, John Pankuch, Joseph Schromofský and John Hrivnák, members of the committee. It is the intention of the new corporation to buy the necessaries of life, farming implements, etc., in wholesale and to establish in Slovakia local depots for the sale of this merchandise to peasants at low rates. This undertaking has the support of the Slovak League of America and its president, Albert Mamatey.