People's Pilot, Volume 5, Number 22, Rensselaer, Jasper County, 28 November 1895 — The Bonds Are Illegal. [ARTICLE]

The Bonds Are Illegal.

Senator Peffer is right. The bonds issued at this time by these conspirators should be repudiated. The people are under no obligations to pay a debt that they have had no votes in contracting. There is no law for the issuance of the present bonds. The last congress refused to authorize a bond issue, and these bonds are issued under the old resumption act of 1875, which provided for borrowing money for resumption purposes to redeem the greenbacks. The treasury notes issued under the Sherman act were issued for the purpose of purchasing silver bullion. They, as well as the greenbacks, are redeemable in silver. The government has plenty of silver to redeem them with. There never was a more dastardly outrage committed on the American people than this infamous, illegal bond issue.—lndependent American. Isaac Glazebrook employs in his blacksmith, horseshoeing and wagon repairing shop more workmen than any other like establishment in Jasper county.