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The Nation

April 27, 1986

Officials of Atlanta's predominantly black Spelman College said they will sell approximately $1 million worth of the women's school's holdings in companies that do business in South Africa. The announcement came the day after a rally at which Atlanta Mayor Andrew Young urged Spelman's trustees to vote for the divestiture. School Treasurer Jonathan Smith, a senior vice president of the New York investment firm Mitchell Hutchins Inc., said that the remainder of the school's $41-million endowment is in real estate, other international investments, bonds and cash.

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