African Activist Archive

Leaflet advertising demonstration against recruiting by Chase Manhattan Bank on Monday in Malott Hall. The demonstration starts at 10 am at Willard Straight Hall on the Cornell University campus. In 1961, Chase Manhattan Bank came to South Africa's rescue after police massacred 72 Africans during a nonviolent demonstration at Sharpeville. The largest in a consortium of American banks, it helped contribute almost the entire amount of foreign exchange needed to shore up the slipping economy. Chase alone contributed $10 million directly to the South African government in a revolving credit loan which is still being renewed. James Perkins, President of Cornell University, sits on the bank's Board of Directors. It is a victory that Cornell has decided to take its money out of stocks in banks that give loans to the South African Government (despite saying their reasons were "solely financial"). Cornell should do more than just say it won't support racism. Instead of investing in racist institutions, it should provide funds for programs and groups to fight racism such as: (1) Black liberation fighters in South Africa, (2) low-income housing in Ithaca, and (3) a Black studies program at Cornell. [Note: According to the article "Bank Recruiters Chased" in Cornell Daily Sun of March 11, 1969, the demonstration was on Monday, March 10.]

African Activist Archive

CORNELL HAS A FRIEND AT CHASE MANHATTAN … FIGHT RACISM NO RECRUITING FOR RACISM!

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