Remarks by George M. Houser at the Special Meeting of the Executive and Finance Committee of the Executive Council of the Episcopal Church on Investments in South Africa
Remarks by George M. Houser at the Special Meeting of the Executive and Finance Committee of the Executive Council of the Episcopal Church on Investments in South Africa
The statement discusses research about bank lending and the first bank withdrawal campaign in spring 1966 that targeted First National City Bank, which was organized by the University Christian Movement and ACOA. Houser notes organizations that have withdrawn their accounts from the bank, including agencies of the United Methodist Church, Christianity and Crisis, and Riverside Democrats. Houser provides a critique of the argument that economic growth will automatically break down apartheid and urges the Episcopal Church to withdraw its account from banks involved in South Africa, adding its weight to this movement.
