Northern tribune. [volume] (Cheboygan, Mich.) 1875-1885, 1878-08-10

most the national abor-grecnback party
can do is to help the middle classes OF
society, to bring back for few years the
hollow prosperity of the war times by
flooding the country with paper money
and giving these classes l refer to- a
chance to speculate and make fortunes
quickly. The working people would not
be benehtted. Everything they eat and
wear would go up and their wages would
go up, but not as high as their expenses,
Badly off as they are now they might be
worse off then. Though it might give
them a few years of higher wages, but
always higher prices. the reaction wOule
leave them worse off than erer."
Nv. A correspondent, who is evidently
greenback-labor man. writes us :-"ln
recent visit to Massachusetts-Fall
river. Lynn, Essex county and Boston
| find that the laboring people who are
living on starvation wages; the small
dealers and shopkeepers who see the ac-
cumulstions of years melting away be-
tore the dry rot; the real estate men who
owe mortgages OIL dead property-all, all
are in favor of the 'Ohio idea,' or the ex-
pansion of the currency. Give us an
other chance to make money; give us a
few years of prosperity. even.if it is fol-
lowed by another collapse. Things can
not be much worse than they are now.
We have tried the experiment of forced
resumption long enough, That is the
way they talk down there, and that is
the way they will vote"
1t is fond and foolish saying with
drunkartls, when they wake up with a
headache, that "a hair of the dog that
hi ic fl,o hoe oil J, ptrt
are people who think they had better eat
the small shopkeepers, speak out of ig-
norance. and repeat what has been told
them. But our correspondent mentions
one class who are undoubtedly very in
fluen.ial, not in Massachusetts, only, but
in all the other states as well, in urging
new imitation. These are the ''real es-
i tate men who owe mort cages on dead
property" These are men who are ev-
erywhere the leaders in the new infla-
ton movement. Let an honest green
back Labor farmer or workinginan ask
the leader of bis party. be it General
Ewing, or General Cary, or Mr.
Shupe, or whoever he may be. whether
he is not i'm debt for real estate, and he
will get but one honest answer, Yes
Gus that it became joke when any rep
resentativ, became especially Jealous for
an Initiation of the currency to ask him
how much real estate he held; and SEN
atOr Jones. of Nevada, who was one of
the foremost leaders of the imitation
movement, did not oxen conceal the fact
that one of the main objects OF those act
ing with him was to make mrrkrt for
D,,f IF tc tho
interest of the mass of wOrkingmen that
real estate shall bear high price. That
means to them eXhorbitant rents; it
means that their families shall be stuffed
into small tcnrments; it means that they
shall pay spectators big prices for the
little town lots that they ought to own.
"Cheap lands" has always and tightly
been the cry of the workingmen in this
country. vet they are allowing them
selves to be deceived into policy Which
has for its Il ief object to raise the price
of real estate.
V. But even the spectators deceive
themselves. A new initiation will not
help them. Imitation will not initiate.
The balloon burst i'm 1873; it will hold
no new gas The panic of 1873 and the
succeeding depression came about not by
DcCluSC pApNA VIC
then most abundant. as we have shown;
it came about BY over speculation. over
trading and the deep alarm which seized
prudent men everywhere as they saw
whittier we were drifting. Public conf
dence received gred; shCck; the meH
who had anything buttoned up their
pockets and the men who had nothing
bnt debts failed. OF late confidence has
begun slowly to revive; but new infla-
ton would only send us back Into tie
distress of 1881. 1t is b cinse we have
got near to a specie basis that men are
beginning to venture timidly into new
enterprises, 1t is because confidence Is
shocked mt these greenback-lab de-
mands for new initiation that times re-
main hard. There is no hope OF better
times for the workingmen or even for
the spectators, until resumption Is az
cOmplish ed and the initiation movement
is finally defcated-NelU York Herald.