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Updated: June 6, 2025


Although the affairs of the Bank were in the hands of Wolffsohn and Kahn, Herzl himself worried over every detail, urging and driving and complaining about the slowness of the action. On March 28, 1899 the subscription lists were opened. Herzl's expectations were not fulfilled. Only about 200,000 shares had been sold, three-quarters of them in Russia.

A week later Herzl was informed of the Kaiser's inclination to take the Jews of Palestine under his protection, and repeated that he would like to see Herzl at the head of a delegation in Jerusalem, later on. Herzl was afraid of going further in this direction without having in existence the financial instrument without which neither negotiations nor colonization could be carried on.

The Jewish world, whose inferior position always wounded his pride, and whose obstinate separatism seemed to him utterly meaningless, drifted further and further out of his mind. At eighteen, after the sudden death of his only sister, the family moved to Vienna where Herzl entered the University as a law student.

The protests were usually launched by Jews. The calling of the Congress aroused a great deal of indignation in conservative circles. The Rabbis of Germany protested not only to the holding of the Congress but also the choice of Munich. The Congress controversy persuaded Herzl to begin the publication of the weekly Die Welt. The first issue appeared on June 4, 1897, Herzl provided the funds.

As far as Cyprus was concerned, he believed that it was not promising because the Greeks and Moslems would object, and it would be his official duty to side with them. He took a more favorable view, however, of El Arish. In that connection, it was necessary for Herzl to talk to Lord Lansdowne of the Foreign Office.

Then Herzl rose and walked over to the pulpit. It was no longer the elegant Dr. Herzl of Vienna, it was no longer the easy-going literary man, the critic, the feuilletonist. As one reporter said: "It was a scion of the House of David, risen from among the dead, clothed in legend and fantasy and beauty."

After his experiences in England, Herzl resolved to present his plan to the public at large. The Address to the Rothschilds which was the first complete writing of his plan, forged in the heat of inspiration was thoroughly reworked and emerged as his great book Der Judenstaat. Its title was: The Jewish State: An Attempt at a Modern Solution of the Jewish Problem.

The meeting in London was the only occasion where he lost his self-mastery in public. When Herzl met the Foreign Minister, Von Buelow, again, it was in the presence of the Reich Chancellor, Hohenlohe. At once he perceived a different nuance in the conversation and a dissonance in comparison with the conversation he had had with Count Eulenberg.

After a great deal of discussion, the proposals for the formation of the bank were brought to the second Zionist Congress and the Articles of Incorporation, as amended, were adopted by acclamation. Herzl clung to the idea which had come to him when he was thinking of the Jewish State as a pamphlet, that it might be better for him to write a novel.

Herzl was told that the Kaiser was prepared to see him at the head of a delegation when he visited Palestine, but Herzl was anxious to see the Kaiser without delay. He suggested an audience before the trip to Palestine in order that the Kaiser might be in a position to discuss the Jewish question with the Sultan.

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