Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1878-08-01
The Greenback Convention in the
Fourth District

Fourth District
The n. y. Su. Inadvertently, lets out
the secret of the present greenback move
ment Ia the following lines
Many honestly believe that the existing
evils are charge able 10 = bad nnsncisl system,
and that their theories would take of the dis
tressing pressure on industry and enterprise.
The men Of toll. who DO not stop 10 theorize
with want At the door and wives and children
suffering. hope by combination TO secure en-
ployme O, and living wages. The profcs sioua al
politician sees his chance In the mds; Of this
confusion, turns leader. and expects. BY hold
ing the oslsnce Of power In . Legislature or =
Congress district 10 be sent 70 the senate OF 10
the House OF Representatives"
such has been the case pre-eminently In
Maine, and the Fourth District is no e1-
ception TO the rule. DR.. g. W. Ladd. the
Congressional nominee. affords q striking
illustration OF the hollowness Of the eighth
plank in their platform, which declares
that I'VE are opposed TO the nomination
for ONCE OF old politicians" Mr.. Ladd is
emphstically an ''old politician and the
that the people 10 his district have always
preferred man with sound principles
Ten years ago they declared against him
by 1000 msjority 10 favor OF Hon. John A.
Peters, and the Doctor has again come to
The surface only TO be buried again. But
il is not so much with him that we have TO
do, as with the platform on which he. and
for that matter, every grsenbacker 10 the
State, stands. II declares its "fesliy TO
the American monetary system"
In view OF the TACT, that only q shor,
time ago, many Of these same individuals
were greatly agitated over this same mob
etary system, their present "feal,y" is de-
cidedly refreshing. We have heard tina;
blessings brighten as they take their
flight" and it Is by no means uncertain
that one Of the great incentives 10 green
backism could be found In the personal
experience Of the above quotation.
Ii demands The abolition OF all bank
Issues and the free and unlimited coinage
Of gold and silver and the issuing by the
Government OF full legal tender paper
money, In amounts sufficient to meet the
wants OF trade, TO give employment to ali
labor, aud enable the people to do cash
business and relieve them from the debt
system
lfpaper money is TO be issued In the
amount stated, what is the advantage of
the ir,e and unlimited coinage of gold and
silver: Those coins would not keep CON-
pany with such irredeemable paper money.
issued in such amounts as they propose,
add besides, gold and silver cos, something,
and no good greenbacker is in favor OF
making money out Of substances that cost
anything. As the party Is absolutely "op-
posed 10 tie resumption Of specie pay.
ments." there may arise slight unwilling
ness, on the part Of capitalists, to loan
money when they are liable 10 be paid In
pieces OF paper worth about a. much Is
the confederate money at the close OF the
rebellion. That the party will do "cash
business" If they do any at all, there can be
little doubt, il they can only get control OF
the printing presses. l, proclams their
''uncompromising hostility to the perpet.
ustion Of the system OF Government,
bonded Indebtedness which is calculated
to burden unborn generations"
Their anxiety about "unborn genera.
tons" is SO great that they cannot refrain
from urging on the present generation the
necessity OF perpstrating swindle in ,hei,
behalf 1t appears to US that those unborn
generations, looking back over the history
OF the past, would take warning from the
experience Of others. and decline to place
themselves in the position OF creditors to
Government that had been guilty OF such {
total disregard Of iss obligations. 1t de
J nounces 1.-The red nag Of communism. i'm
ported from Europe, which asks for ~
equal division Of properly" aud yet the ut
terances Of their orators and the paper
they circulate, so closely resemble those O
the reg dag communists that the dividing
line is only family perceptible. We vii
admit that they do not claim the numbe
Of acres that . man may own shall be lin
tied, ss is done by the same party 10 mani
OF the other States; that the rate Of inter
est shall not exceed two yer cent by legis
tive enactwent, and that capitalists shall b.
compelled to loan their money u that rat.
with the certainty Of being paid with value
less pieces Of paper; but this will come
with time. and once 10 power. the be,seI
element Of the party will b overridden By
the communicate element, which will no
stop until eli the honOrs Of the red asl
communists have been re-enscted in thi
country. Not, perhaps. 10 this State, bu
the peace. dignity, and property rights o
the citizens Of all the States, suffer by act,
OF violence. such % we have already Wit
messed, and to which the Greenbsck party
even in this State, are giving encourage
ment. IL is not strange, in view Of all tn,
. noise thst Is being made BY the leaders o
the Greenback party that the attention o
people should be attracted, but We do no
believe that the careful, thoughtful prop
erty holders Of Maine will allow themselye,
70 be led into any porition whereby lheiI
interests will be haIardad. nor Will TIKI
Leaders, on the day Of election. And thei
following % large as 10 encourage then q
continpe IN agstatios % injurious and dan
gerons To Ill the bess Interests Of ~ State