Clergy and Laity Group Urges Chicagoans to Divest From 15 Illinois Corporations

by Clergy and Laity Concerned
Chicago, Illinois, United States
June 9, 1987
2 pages
Type: Press Release
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
Clergy and Laity Concerned (CALC) today urged individuals and organizations to withdraw accounts from Citicorp, the largest lender to South Africa and parent company of the Chicago-based First Federal Savings & Loans. CALC also asked residents to divest from 14 other Illinois corporations that have done little or nothing to reduce their operations and investments in South Africa. These corporations are: Abbot Laboratories, ACCO World Corporation, A.C. Nielsen, AM International Inc., Borg-Warner, Caterpillar, Do-All, FMC, Foote Cone and Belding Communications, A. J. Gerrard, NALCO Chemical, and U.S. Gypsum. The United Church of Christ joined CALC in calling for total divestment from South Africa. Sterling Carry, head of the Illinois Conference of the U.C.C., said the denomination's national pension board had reduced it South African investments to $50 million from $160 million. CALC and the Coalition for Illinois Divestment from South Africa urge people to participate in a march and prayer service on Soweto Day, June 16, in front of the South African Consulate.
Collection: Clergy and Laity Concerned (Chicago), Michigan State University Libraries Special Collections