The New York herald., 1875-08-26
The Millennium at Last-The New Po-
litical Party.

| ton from the UNITED States Legal Iendei
Club, No. 1,l93 Broadway, room 20" dated
August 13, 1875. In this invitation we are
respectfully invited to ''call at the committee
room of the club at eight o'clock any evening
during August and September, to co-operate
with it's members in their efforts 'for a United
States legal tender sound currency, based on
the faith and credit of the people of the
United States and their general government,
and also on the revenues paid by the people
to the United States Treasury, and having in
addition q representative value in being re-
deemable and interchangeable for three-sixty-
five United States bonds" The Secretary OF
the club informs us, also, that his organization
is in favor of tho issue of greenbacks ''for
value to sufficient amount to meet the de-
mands of trade and to promote the industries
Of the nation, and demand that greenbacks
shall meet the necessities of peace as they
met those of war" There is to be a series Of
public meetings held in furtherance of this
1 proposition on the 1st Of September 'The
people," says the Secretary, ''are with us
against the Quixotic hard money ring. They
know and feel that he who would be free,
himself must strike the blow"
We recognize in this courteous, but rather
noisy, invitation the first step toward the
formation of a great political party 1t is
well known that its head is no less a states
man than Uncle Dick, the greatest Congress-
man that ever represented New York in the
halls of legislation. SO far as we can learn
the party is thus far composed of Uncle Dick,
Eugene Beebe, Theodore Tomlinson and
Benjamin Wood. General Benjamin F. But
Ter has expressed his acquiescence in the doc
trines of the club in letter published re-
Gently, and we suppose that he will be present
at one of these meetings. 1t is to be called
''greenback party" 1t is to be outside of
all other organizations. A party that con-
tains Uncle Dick has of course enough intel
lect 1t will only need brute voting power,
and if any man can find votes it is Uncle
Dick He could manage canvass ''long"
or short" The party principles are plain.
There is to be no more gold or silver,
except as articles of merchandise. The
government is to purchase one hundred
new presses to print by day and by
night "a sufficient amount to meet the de-
mands of trade and to promote the industries
of the nation" We have now forty millions
of people in this country, and Uncle Dick and
Mr.. Tomlinson have calculated that, by i'm
proving the character of the printing ma
chinery and working with due diligence, in
the course of one year every citizen of the forty
millions will have in his possession million
dollars of we'll printed greenbacks. million
times forty million may look to the ordinary
mind a large sum, but statesmen like Uncle
Dick and Mr.. Tomlinson have given their
lives to the contemplation of these vast
sums. Like workmen who build towers
they never grow dizzy. Consequently they
are able to handle estimates of this magnitude
with as much ease and certainty as ordinary
| people handle their own moderate incomes.
According to Uncle Dicks new party, when
every citizen of the forty millions is in pos
session of million dollars of greenbacks then
we shall be ION the tide of great prosperity" "
| AS these statesmen argue, the credit of the
government belongs to the people, and why
should not the people, in the exercise of their
sovereign wisdom and authority, have the
power of distributing the government credit
in equal proportions and to any amount I? Of
what use else is government of universal
| suffrage? If the government has the right
to issue a million dollars of credit why not a
million times forty million? AS these great
statesmen are cosmopolitan in their views
and believe in extending and develop
| ing the interests of the country" and
inviting to these hospitable shores
the Drawn and sinew of the older
lands, in their renewed policy of national
prosperity" the same amount of greenbacks
will be given to every immigrant as well
as every citizen. BY the operation of
| this benefcent influence in five years we
ought to have in this country hundred mill
ions of the best citizens of France, England
| and Germany. As TO what will be done
with the Chinese and japanese upon their
arrival in California Uncle Dick has not de-
termined. 1t is fairly argued that if a mill
ion dollars in greenbacks are to be given to
every Chinaman who lands in California we
shall have the whole Chinese nation within
the next four or five years. AS this nation
is composed of several hundred millions it is
easy to see that the end will be the destruc-
ton of the American Republic and the estab-
lishment of great Mongolian empire. But
although this problem distracts an ordinary
mind it has no terrors for Uncle Dick, who
will give us his solution in his own good
time.
A party based upon these gorgeous ideas
is worthy Of the profoundest respect.
1t is not for ordinary men to venture to
intrude upon the councils of statesmen
of the calibre of Uncle Dick, whose mind
grasps empires and whose genius bounds the
circling globe but if we were to make
suggestion to the Legal Tender Club"
it would be this: Why take the trouble
of printing greenbacks? 1t is an unnec-