Chicago Banks Support Racism: Continental and First National Lend to South Africa
The Link Between Chicago's Neighborhoods and South Africa
by Chicago Coalition on Southern Africa
Chicago, Illinois, United States
Undated, mid-1977 or a little later?
The document says Chicago citizens' hard earned money banked at Continental and First National is used to support racism and home and abroad. One major target for their loans is South Africa, where foreign bank loans have doubled in the last year in an effort to prop up a white minority government suffering from a severe economic crisis. The document outlines why the Chicago Coalition on Southern Africa opposes bank loans to South Africa including: 1. Bank loans help support a system of oppression. 2. Black leaders urge divestment and no new investment in South Africa. 3. Some banks refuse loans to South Africa. 4. Bank loans to South Africa are an increasingly bad risk. 5. Banks support apartheid by selling South African gold coins called "Krugerrands." The document asks people to oppose Continental and First National Banks' continued loans to South Africa as well as their sale of the Krugerrand. The document asks people to write and/or call the banks to express opposition and consider withdrawing accounts from these banks. [Note: This document was most likely mailed to other organizations in Chicago.]
Used by permission of former members of Chicago Coalition on Southern Africa.
Collection: Carole Collins Papers, Michigan State University Libraries Special Collections