Word: escrowed
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Here at Harvard, students can protest without fear of government reprisal, unlike their South African counterparts. The Undergraduate Council has endorsed an escrow account alternative to the Senior Gift, to be held until the University divests its South African investments. The Advisory Committee on Shareholder Responsibility has urged the Corporation to consider moral questions before buying stock, largely because of student concern over South African investments...
...disagree with your editorial urging seniors to donate their class gifts to the recently established escrow fund as a protest of University investments in companies doing business in-South Africa...
...have talked at length with many of my friends and classmates about it because most of us, though we may not be as visible or as vocal as some, are genuinely morally concerned And after a lot of thought, I find that I do not support the escrow fund...
...helped four years ago. Again, it doesn't matter that the dollar figure will be comparatively small. I want to help some freshman next year, not five or ten or twenty years down the line (or maybe never, if the money is donated to charity). Funds in escrow won't buy books in September, and as a person who benefited from others good will. I feel obliged to assist someone...
...have done a lot of thinking about this question, and I understand the feelings of my escrow-supporting classmates. But I don't agree with their strategy. Frustrating it may be, but I can't do as much right now for South Africa as I can do for someone in the Class of '87. Of course I don't want the Corporation, or American companies, to behave unethically, but many things affect people who hold power, and I think it's better to have the opportunity to influence them than to yell at them I urge my classmates to contribute...