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Boycotting a Bank's Notes.

The latest phase of the labor struggle, which seems to be becoming universal, is a somewhat curious, not to say comical, one. It is said that a bank issued a private circular to a number of Dunedin capitalists calling upon them to attend a secret conference with the object of arranging to exert united influence upon the House of Representatives in the interest of capital, and with a view to lay down some common basis of action in connection with the forthcoming general elections. A certain influential labor organisation was informed of this proceeding, and on making inquiries found that the large majority of the capitalists summoned to the conference were more or less connected with the bank. The labour representatives thereupon sent an intimation to the bank in question that if they persisted in their efforts the organisation in question would boycott their notes. As there was no doubt as to their power to do this, and the injury to the bank by such a proceeding would be incalculable, the bank deemed discretion the better part of valor, and the conference was eiven up, in the meantime at all events.

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Bibliographic details

Boycotting a Bank's Notes., Ashburton Guardian, Volume VII, Issue 2461, 8 July 1890

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Boycotting a Bank's Notes. Ashburton Guardian, Volume VII, Issue 2461, 8 July 1890

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