On the record
It is by making the Public Faith so manifest that the holders will be induced to come into the change for the sake of the longer term.
Source
gutenberg.orgEditor's note · Context
Sumner argues that demonstrating Public Faith is crucial for encouraging bondholders to accept changes.
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They belong to a system so essentially irrational, that all the admitted virtues of many of its agents cannot save it from judgment.
Out of this pernicious prejudice have proceeded that persecution and neglect which are the too frequent lot of the world's pioneers.
Let loyalty to one man be exchanged for Love to Man.
The subterfuges of the politician cannot escape it.
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