THE DETROIT JEWISH NEWS

Anti-Boycott Action Moving on Several Fronts

(Continued from Page 1)

corporations in which they
own stock that they will
withdraw their investments
if the firms submit to the

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Arab boycott against Israel
or discriminate against
Jews. This was disclosed by
Rabbi Marc H. Tanenbaum,
national interreligious af-
fairs director of the Ameri-
can Jewish Committee.

Among
the church
groups which have taken
action against the boycott
are the National Ministries
Board of the American Bap-
tist Churches, the Interden-
ominational Committee on
Corporate Responsibility of
Pennsylvania, and the
Forum for Investment Re-
sponsibility of New York.
The latter two groups are
ecumenical in membership
and include church repre-
sentatives from the Episco-
pal, Presbyterian, Baptist,
Methodist, Lutheran, Uni-
tarian, Quaker and Ethical
Culture bodies.

In New York, the first
jointly-owned, Arab-Ameri-
can bank is scheduled to
open this month. It is the
first bank that must include
a non-discrimination pledge
in its charter in compliance
with a new New York state
law.
In Minneapolis, Sen.
Walter Mondale
(D-
Minn.) told an Israel Bond
audience that the Arab
boycott is "reprehen-
sible," and that he was

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supporting two bills in the
Senate aimed at breaking
the boycott in the U.S.

afOrt

Through its Office of
Christian Responsibility
in Investments, the Na-
tional Ministries Board of
the American Baptist
Churches wrote to some 30
publicly-held companies in
which the Church owns
approximately $36 million
in stock. In "letters of con-
science" sent by Horace E.
Gale, treasurer of the de-
partment of finance, the
American Baptist
Churches asked corpora-
tions for their policy re-
garding compliance with
the Arab boycott and dis-
crimination against Amer-
ican citizens of the Jewish
religion.

According to the Ameri-
can Baptist Churches, re-
"After 5"
plies were received from 22
Original $40 to $120 Values
corporations and are being
evaluated for appropriate
$ 9 99 to $59.99
follow-up action.
Meanwhile, Alfred Brit-
Prices Reduced on Smart
tain III, chairman of the
board of Bankers Trust Co.,
Casual
had denied that Bankers
Regular $35 to $50 Values
Trust is engaged in a boy-
cott of Israel, or that the
to $2499
company discriminates in
its employment "on any
Super-Savings On All
basis against any group."
&
Summer
The letter also denied that
commercial banks are re-
Former $40 to $80 Values
sponsible for the "terms and
conditions" contained in let-
to $3999
ters of credit.
Bankers Trust was one of
Selected Groups of
"Famous Name"
25 major American com-
mercial banks named by the
Bnai Brith Anti-Defama-
Values
Regular $160 to $260
tion League on March 11,
along with "more than 200
$ 79 99 to 5129"
U.S. corporations," as
"waging economic war
Entire Stock Of
against Israel in collabora-
tion with the Arabs."
JEWELRY &
Brittain said the bank
SCARVES
has done business with
NOW REDUCED
Israel since the country's
founding 28 years ago.
20% to 50% OFF
"We maintain relation-
ships with all of the coun-
!Ise Your CREDIT CARDS
try's major banks and
• Master Charge
Americord
• • Diners Club
iron Express
have millions of dollars of
loans outstanding in Is-
OPEN
OPEN
rael."
SUNDAY
NIGHTS
12 to 5
'til 9
He also said the bank had
Jewish employes at all levels
in its organization.
In Boston, the Jewish
Community Council has
urged strong federal legisla-
tion against the Arab boy-
cott. Representatives of the
Boston council testified at
of NORTHLAND .' the Democratic Party plat-
• PARK in LOT G :44 form committee hearings
last week.

r'00,4-0-1c0x0x0-$

June 11, 1976 5

e fa

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