Current Events > Instead of making taxpayers pay reparations; why not go after companies...

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...that profited from slavery?

https://africanamericangolfersdigest.com/15-major-corporations-you-never-knew-profited-from-slavery/

Lehman Brothers, whose business empire started in the slave trade, recently admitted their part in the business of slavery. According to the Sun Times, the financial services firm acknowledged recently that its founding partners owned not one, but several enslaved Africans during the Civil War era and that, in all likelihood, it profited significantly from slavery. This is a sad part of our heritage Were deeply apologetic It was a terrible thing Theres no one sitting in the United States in the year 2005, hopefully, who would ever, in a million years, defend the practice, said Joe Polizzotto, general counsel of Lehman Brothers.

Aetna, Inc., the United States largest health insurer, apologized for selling policies in the 1850s that reimbursed slave owners for financial losses when the enslaved Africans they owned died. Aetna has long acknowledged that for several years shortly after its founding in 1853 that the company may have insured the lives of slaves, said Aetna spokesman Fred Laberge in 2002. We express our deep regret over any participation at all in this deplorable practice.

JPMorgan Chase recently admitted their companys links to slavery. Today, we are reporting that this research found that, between 1831 and 1865, two of our predecessor banksCitizens Bank and Canal Bank in Louisianaaccepted approximately 13,000 enslaved individuals as collateral on loans and took ownership of approximately 1,250 of them when the plantation owners defaulted on the loans, the company wrote in a statement.

New York Life Insurance Company is the largest mutual life insurance company in the United States. They also took part in slavery by selling insurance policies on enslaved Africans. According to USA Today, evidence of 10 more New York Life slave policies comes from an 1847 account book kept by the companys Natchez, Miss. agent, W.A. Britton. The book, part of a collection at Louisiana State University, contains Brittons notes on slave policies he wrote for amounts ranging from $375 to $600. A 1906 history of New York Life says 339 of the companys first 1,000 policies were written on the lives of slaves.

USA Today reported that Wachovia Corporation (now owned by Wells Fargo) has apologized for its ties to slavery after disclosing that two of its historical predecessors owned enslaved Africans and accepted them as payment. On behalf of Wachovia Corporation, I apologize to all Americans, and especially to African-Americans and people of African descent, said Ken Thompson, Wachovia chairman and chief executive officer, in the statement released late Wednesday. We are deeply saddened by these findings.

N M Rothschild & Sons Bank in London was linked to slavery. The company that was one of the biggest names in the City of London had previously undisclosed links to slavery in the British colonies. Documents seen by the Financial Times have revealed that Nathan Mayer Rothschild, the banking familys 19th-century patriarch, made his first personal gains by using enslaved Africans as collateral in dealings with a slave owner.

Norfolk Southern also has a history in the slave trade. The Mobile & Girard company, which is now part of Norfolk Southern, offered slaveholders $180 ($3,379 today) apiece for enslaved Africans they would rent to the railroad for one year, according to the records. The Central of Georgia, another company aligned with Norfolk Southern Line today, valued its slaves at $31,303 ($663,033 today) on record.

USA Today has found that their own parent company, E.W. Scripps and Gannett, has had links to the slave trade.

Lehman Bros. is gone, but I'm sure some of those bankers are still around. As an Asian, I have no dog in this fight except to object to any of my tax money going towards reparations. However, I would not object to allowing people who can prove that they are descended from slaves in America being able to sue the companies that profited from slavery.
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Djijdjs62hs posted...

As an Asian, I have no dog in this fight except to object to any of my tax money going towards reparations.

You don't think there were companies involved in the building of the railroads that didn't benefit from exploitation of Asian workers?

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Wii_Shaker posted...

You don't think there were companies involved in the building of the railroads that didn't benefit from exploitation of Asian workers?

Well, I was talking about black slavery. Also, Im not Chinese.
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Companies rule the American government.

Djijdjs62hs posted...

Rothschild

Good luck

Xethuminra posted...

Good luck

They will face judgment in the end.
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The entire purpose of Inc./LLC/GmbH is exactly evading this.

Questionmarktarius posted...

The entire purpose of Inc./LLC/GmbH is exactly evading this.

Let's not pretend like liberals care about laws.
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Reparations have been dispersed multiple times throughout this country's history, just not to black people. Former slave owners received reperations. Although slavery is a big part of it, reparations also extends to the Jim Crow era because slavery didn't end after the Civil War, it evolved to Black Codes and peonage laws, frivolous laws that only black people could be arrested and charged for and sent right back to the plantations on leases.

It is a discussion about recompense for policies enforced by the local, state and Federal government and in the case of descendants of American chattel slavery, it's generations of fuckery at the hands of government.

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Shut the fuck up SMAL, you dont care about black people or reparations of any kind

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I don't care. But if we're going to have reparations, at least make these companies pay and not the taxpayers who never owned any slaves.
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Straight from the horses mouth

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Better than from the horse's ass.
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