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Dr. King’s “Bank of Justice is Bankrupt” Speech Was Tested in Oakland in 1962

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When the Rev. Dr. Martin Luther King Jr. visited the Oakland Auditorium Dec. 28, 1962 before a 7,000-plus crowd, the themes of his famous March on Washington speech were tested.

 

Many of the economic justice ideas that King presented, which were a precursor to a call for reparations from the Freedmen’s Bank experience, were also presented months earlier at the McClymonds High School “Mind of the Ghetto” Conference, sponsored by the Afro-American Association, which Malcolm X, Don Warden, Cassius Clay, Floyd McKissick, Wil Ussery, Thomas Berkley, Paul Cobb and many other Black leaders attended.

 

 

Rev. Ray Williams, pastor of Morning Star Baptist who attended the historic event, said: “Pastor Edward Stovall of the progressive Baptist Church of Berkeley led a group of ministers into history. Rev. Stovall reached across the denominational lines to invite ministers of other faiths including Rev. Roy Nichols, a Methodist leader; activist George Henderson of the Star Baptist Church; Rev. Peyton E. Pierce, president of the Baptist Minister Union; and several leaders of the Catholic Church.

 

“The predominantly Black audience signaled for a political awakening that set the stage for the elections of Attorney Thomas Berkley and Barney Hilburn to the Oakland Broad of Education, and Byron Rumford to the State Assembly.”

 

Rev. Frank Pinkard, pastor of Evergreen Baptist, said, “King captured our desire for economic redemption when he opened his March on Washington speech where he said the US Government has given Blacks a note marked “insufficient funds.” That part of the speech should have been equally glamorized as the famous I have a dream phrase.”

 

In his speech King said: “We have come to our nation’s capital to cash a check. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir.

 

“This note was a promise that all men, yes black men as well as white men, would be guaranteed the inalienable rights of life, liberty, and the pursuit of happiness.

 

“It is obvious today that America has defaulted on this promissory note insofar as her citizens of color are concerned. Instead of honoring this sacred obligation, America has given the Negro people a bad check, a check which has come back marked ‘insufficient funds.’

 

“But we refuse to believe that the bank of justice is bankrupt. We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation.

 

“So we have come to cash this check — a check that will give us upon demand the riches of freedom and the security of justice. We have also come to this hallowed spot to remind America of the fierce urgency of now.”

 

Assembly member Rob Bonta and Post Publisher Paul Cobb will speak about Dr. King on Sunday, Jan. 17, at 2:30 p.m. at Morning Star Baptist, 1136 34th St. at Adeline in Oakland.

 

Bonta’s father and Cobb marched with King in Selma in 1965. Cobb will also speak at 11:30 a.m. at First Presbyterian in Oakland on Sunday.

Activism

Oakland Post: Week of July 1 – 7, 2026

The printed Weekly Edition of the Oakland Post: Week of July 1 – 7, 2026

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Arts and Culture

Prescott Circus Theatre Presents Free Summer Performance Series

Now in its 41st year, the Prescott Circus Theatre is a nationally recognized performing arts education program for Oakland youth. The circus offers safe environments that challenge Oakland youth, through circus arts training, to develop the skills and confidence to thrive on stage, in school, and in life.

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Prescott Circus showcase pathways pyramid. Photo courtesy of Prescott Circus.
Prescott Circus showcase pathways pyramid. Photo courtesy of Prescott Circus.

By Post Staff

The Prescott Circus, Oakland’s longest-running youth circus, is returning this summer with its free shows. Join the Prescott Circus’s young stars as they share their joys and talents through stilt-dancing, tumbling, juggling, and more.

At the heart of this one-hour show, which demonstrates teamwork, pride, and joy, are Oakland Unified School District students ages 8 – 17 from more than 10 different schools

Now in its 41st year, the Prescott Circus Theatre is a nationally recognized performing arts education program for Oakland youth. The circus offers safe environments that challenge Oakland youth, through circus arts training, to develop the skills and confidence to thrive on stage, in school, and in life.

This is accomplished through no-cost school and community programs for more than 300 Oakland youth each year. Performing company members from Prescott, where the program began, perform and make appearances at as many as 40 Bay Area events each year.

The summer program is funded in part by Oakland Fund for Children and Youth, California Arts Council, Port of Oakland, and the West Davis & Bergard Foundation.

Performances will be held Tuesday, July 14, 11 a.m. and 1:30 p.m. (ASL interpreted) and Wednesday, July 15, 11 a.m., at the Malonga Casquelourd Center for the Arts, 1428 Alice St., Oakland. For free reservations go to

https://PrescottCircusSummerShows.eventbrite.com

For group reservations for camps, childcare centers, senior centers, go to www.prescottcircus.org

A community show will be held Saturday, July 18, 2 p.m. to 3 p.m., at DeFremery Park,1651 Adeline St., Oakland.

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Activism

Inaugural Juneteenth Awards Ceremony Celebrates the Fillmore’s Black History, Leadership and Resilience

Addressing more than 100 Black and Asian attendees, San Francisco Mayor Daniel Lurie stated “San Francisco is reliant on the Black community, and we must invest in this community.”

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District 5 Supervisor Bilal Mahmood, Rev. Dr. Amos Brown, Pastor Emeritus of Third Baptist Church, SF Mayor Daniel Lurie. Photo by Linda Parker Pennington.
District 5 Supervisor Bilal Mahmood, Rev. Dr. Amos Brown, Pastor Emeritus of Third Baptist Church, SF Mayor Daniel Lurie. Photo by Linda Parker Pennington.

By Linda Parker Pennington

The Fillmore Community Ambassadors held its first annual Juneteenth Wesley Johnson White Horse Awards ceremony on June 19 inside the newly reopened Fillmore Heritage Center.

The event featured awards for former San Francisco mayors London Breed and Willie Brown, along with Third Baptist Church Pastor Emeritus, Rev. Dr. Amos Brown.

The Koret Heritage lobby at the newly reopened center at 1330 Fillmore St. held a standing-room-only, culturally diverse and multi-generational audience while the art gallery featured photos of Fillmore community members in action, red Japanese lanterns, art and calligraphy, and Chinese artwork, giving the space a multicultural feel.

Addressing more than 100 Black and Asian attendees, San Francisco Mayor Daniel Lurie stated “San Francisco is reliant on the Black community, and we must invest in this community.”

District 5 Supervisor Bilal Mahmood acknowledged that “the Fillmore community has had a difficult history. Thanks to Rev. Amos Brown’s continuous focus on accountability and resistance, you hold us accountable and continue to inspire us.”

Mahmoud is referring to the Fillmore’s Japanese residents who were forced from their homes and sent to concentration camps during World War II. Black people occupied those homes until the return of their Japanese neighbors and then gave them back, while homes that had been unoccupied were lost. The presence of the Asian community on Juneteenth is a testament to that shared history.

In receiving his honor, Amos Brown elicited a powerful spontaneous call-and-response, where members of San Francisco’s many Black churches proudly shouted out the names: “Bethel AME! Providence Baptist! Jones Memorial! Glide!”

Awards program Master of Ceremonies Shawn Richards of Brothers Against Guns warmly introduced Breed, highlighting her many accomplishments, particularly on “March 16, 2020, when she became the first mayor to shut down a major U.S. city due to COVID-19, saving thousands of lives.”

The audience was captivated by Breed’s emotional speech touching on past traumas, present conditions, and future hopes for the neighborhood where she grew up.

She recalled another trauma of the neighborhood during the City’s redevelopment era in the 1960s, where Black residents were forced to move with a promise of being able to return that was largely unfulfilled.

“We remember when this land was just a field because they bulldozed hundreds of Victorian homes that Black people owned. They built the Fillmore Center, where most Black people can’t afford to live or start their own business. But we are still here.”

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