Article South Africa: Bank by Gene Jones in the newsletter CALC Report. The article says at a news conference in New York City on June 24, Don Luce announced the participation of Clergy and Laity Concerned (CALC) in a national campaign to urge individuals, families, and organizations to withdraw their money from U.S. banks granting loans to South Africa; the goal of the campaign is to force banks to grant no further loans to the white-controlled government and force banks to make public an explicit policy that would prohibit such loans; the campaign is being organized by a coalition of groups called the Committee to Oppose Bank Loans to South Africa (COBLSA). The article discusses the Soweto uprising, South African Foreign Minister Roelof Botha, black demonstrators, "one man, one vote", loans outstanding from U.S. banks to South Africa, U.S. investment, apartheid, Elizabeth Sibeko, the Pan-Africanist Congress (PAC), Thami Mhlambiso, the African National Congress (ANC), the black majority, capital-intensive development projects, the liberation struggles in Angola and Mozambique, South African military expenditure, gold, currency, the Rand, devaluation, a trade deficit, real growth, Oscar Foreman, the Joint Furriers Council, Chase Manhattan, Manufacturers Hanover, Letha Catlett, the Africa Task Force of the Board of Church and Society, the United Methodist Church, Citibank, Morgan Guaranty Trust, Operation PUSH, the United Electrical Worker's Union, the American Friends Service Committee (AFSC), the 8th Day Center for Justice, Chicago-based banks, First National Bank of Chicago, Continental Illinois, the Interfaith Center on Corporate Responsibility (ICCR), the National Council of Churches, the American Committee on Africa (ACOA), the Harlem-based South Africa Freedom Day Coalition, Ron Freund, South Shore National Bank, David Rockefeller, shareholders, the homelands, border industries, Bank of America, the Boston Coalition for the Liberation of Southern Africa (BCLSA), a boycott of First National Bank of Boston, Southern Exposer magazine, First National Bank of Atlanta, the Methodist Federation for Social Action, the Western New York Peace Center, the Riverside-Salem United Church of Christ, the Board of Church and Society of the United Presbyterian Church, exports, imports, and religious communities. • economy sliding •our goal • chicago • chase's ethics •to the people
Used by permission of former members of Clergy and Laity Concerned.
Collection: Clergy and Laity Concerned (Chicago), Michigan State University Libraries Special Collections