Rensselaer Union and Jasper Republican, Volume 8, Number 33, Rensselaer, Jasper County, 4 May 1876 — Public Faith. [ARTICLE]

Public Faith.

Will some bullion-contraction advocate please explain why and how it ia, that so soon os an act of Congress is procured that is oppressive to the people engaged in industrial pursuits and beneficial to the bondholders beyond what was contracted, they at once begin to proclaim that the act must stand because the public faith is pledged to carry it out, and that to repeal, or change it so as to let industry live and be the better able to furnish the bondholder his gold would be a violation of the good faith of the Government? Is it true that the faith of this Government requires the ruin of its industrial classes? Is it true that the interest of the bondholder is in its nature antagonistic to that of the producers of wealth? Is it true that it is an act of good faith in the Government to rob the farmer of his farm and pauperize his family? Has it arrived at the point that the farmer must either lose his farm or the bondholder his bond ? If so, the people will begin to take sides and the war will begin on one side to extinguish titles of proprietors to their lands, and upon the others to extinguish the title of the bondholder in his bond. The people are very thoroughly of the opinion that all the bondholders can justly claim is the principal and interest of the bond according to the contract at the time the contract was made. They know that this is honest. They further know it ia none of tHe bondholders’ business' how or where they get the material to pay him. If his bond is payable in gold and the people can get that gold most easily by using many millions oi greenbacks, it is the right of the people to have and use the greenbacks. If they can get it most easily by using no currency of any kind, then it is their right to procure it in that mode. It is none of the bondholders’ business to be dictating to them that they must obtain it by duties upon imports ana then assert that public faith Is violated unless they get it in that mode. The gold dealers and, bondholders succeeded in having a so-called Specie Resumption act passed Jan. 14, 1875, and now they are proclaiming through their monopoly sheets throughout the length and breadth of the land that the public faith will be violated if this infamous act is repealed. It is known to all men now that it was never intended to be beneficial to the people; but was designed by the knowing ones to bull the gold market, and force the Government to Issue more gold-bearing bonds to purchase the product of Jones’ and Sharon’s silver mines. It is, and was designed to be, an act of bare-faced robbery; yet we are told that good faith requires that this infamous robbery should continue. Their use of the terms “ good faith" "public faith,” and kindred expressions are only further illustrations of the debasement of words they make use of, and how they foully steal the garb of “ honesty" with which to cover their Infamous robberies. The oppressions that the people are now suttering are becoming intolerable, and they will not always submit to them. There is no more justice in robbing a producer of the West of his farm than there is of extinguishing the claim of the bondholder without payment, and the attempt being made by the money power to force the former will create a 'determination to do the latter. Even-handed justice is all that the people ask. This they demand, and this they are determined to have. The slave owners ot this country had at one time a legal vested right in their ownership to the African slave; they sought to extend that right by encroaching upon free territory and the rights of free men, claiming protection by what they pretended was their privilege under a Constitution that they professed to revere. The time came when these vested rights in slave property ceased to exist. The money power is now encroaching upon the rights of industry and enslaving the people, under the false guise of a*deep reverence for tho public faith. They should take warning in time and learn to deal honestly and fairly with all concerned.— Lndianoa&liofinn.