New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-30
SENATOR KEENAN on THE CAMPAIGN.

SRN4TOR KEENAN, on THE CAHPAIGN
A nAnD-MoSEY DEMOCRAT WHO HAS THE COURAGE
OF HIS CoNvICnOSs-BUTLER's CANVASS IN
AssACHUSETTS-FCTURE OF THE GREENBACh
PARrY-THE CIPHER DISPATCHES.
Senator Herman, who spoke in Boston on
Thursday night and Connecticut on Friday and Sat
urday nights is now in this city, and will probably
speak hire cn Wednesday night. In conversation at the
Fifth Avenue Hotel yesterday, TRiBUSE reporter OD-
tanned from hiD his impressions OF how the canvass Is
Advancing and also Is views on meiupordnt topics
While in Massachusetts, Mr.. Herman said he did not
travel about much and only got his impressions OF the
canvass from actively engaged in II. Both the
Republicans ami the BBtler were seemingly conf
dent OF Victory The loose condition in which butierism
had left the local Democratic organization had caused
the opinion that for Judge Abbott wac lmproo-
able but all did share that feeling The snecess OF
Blu Ter would National calamity and the Democrats
of the State especially called upon TO reflect with
caution ana act with wisdom. Whether asy OF them
would vote for Talbot could not be known. Such
course would stufy their past political action, While
vote FOR Butler wOul be abandonment OF principle
and m alliance with enemy OF threatening and deS-
tructive character which would reach INTO the next
Presidential election Democrats felt the necessity OF
keeping intact their party Organzaon and the sue
OF Butler would offer premium upon party disOr-
anzainn. Butler conducting his canvass in way
peculiarly his own, which could only be described az
Butersn. lie had been diligently at work. andlt was
SAID would person, aud by MS retaDerseEeFy
inch Of ground. There strong belief that he was
losing ground. and the faseboods he had made use OF
were proving bOOneranss bis eau5e. Those best III
formed Jd not think he would he elected
Regarding the prospects bis party in this State the
Senator thought the Democrats would carry the Legs-
ature, but the uncertainty regarding the Greenback
vote made 1t Of gucsswOrk than 1t lad been III
other elections here.
what do you think OF the future prospects Of tho
GreenbacC partyW lie asked.
Il think 1t owes all its strength the business de
preston Of the country and the fact that IN such
times often wiling 10 jump at anything for change
As party IL will die out, In my opinion and VIII
Of practical Importance the next Presidential
campaign. think by that time the Democratic party
In all parts Of the will be ready to unite on
strong harl-mOney platform. That will be natural re-
suit OF a return to National prosperity"
"Wnat do you regard tie principal basis OF return
ing prOspcutyP
"Ihe success OF the Resumption Act In producing a
stable unyarying currency medium Of exchanges on
which the welfare OF the wass OF our people depends
do think this law the best for the object and
for country which could have been devised. The
Secretary the Treasury should haze been authorized
much earlier 10 begn to redeem the outstanding legal
tender notes. but the effect ~ that law has been 10
bring paper currency up to with gold coin sub
stautialy and 10 make resumption practicable thing
the lst OF January uext."
"Do you thiuE business distress is attributable
to ovcr-pr6lucton -
g deprecated, 1uc'uatng paper currency has been
the OF present business distress Such cur
rency prevents prosperity. There will be for time IN
Gl'cd prices aud fictitious prosperity but disaster soon
follows a. has been experience and that Of every
other country which had tho misfortune TO try an
unconvcrtibc, irreieemarlc paper currency IL Is
amazing III lsht OF all history and experience that
apparently intelligent nlen should come forward AZ ms
time and urge the American people TO plunGe back into
a sea OF rrcleC unable, huctuaung paper money, which
win be the business and prosperity Of
the country than that from which have just escaped
should greatly distressed II had any fear that any
such scheme could nd favor with any large number Of
our American people
Would any profit by this schrmeP
No one but the dcmagogues The lab0rers are prnci
payappeaed to to sustain ths party, aud they
the very who would suffer most Wages are the last
thing 10 rise under deprecated currency and when
distress comes the laborcrs thrown Of employment
and suffers most Every dollar which lie receives
should be n dollar which would buy % much Of anything
as the gold dollar. and that only be the case when IL
u convertible into COIN The proposition To pay Gov
bonds this iredeeua0s currency would also
be disastrous the lahoier Should even half the bonds
be paid Ia lccatendcr notes II would require SsOOGOO
600 ,yhic ud ted D. the present issue would make 81,
POO 100000 such notes the currency OF the conn
try II would qu'cSly depreclaie, and would
not he worth half its value. aud general bank
nptcy wond follow. A. Illustration OF the
Injustice aud hardship to widoN6, orphans ana
pcr-on- VI small II the bonds we're TO be PAID I'D
cur,ucS. ul .ht mention the fact ihat of ne money
n-trd ny IA, s9l 600 dcpOsiiors In the Svu1 bahks
IN ih. state oue-iouith Is invested IN these bonds IN
January last the banks IN this state had IN de-
po.its over $40 900 OF which theY hal invested
$50 .60I 400 IN United states bonds Onet"enteth,
tb.rcin OF All toe Government bonds outstanding Is
IN, hi IN trust for III deposltor % savings banks In ths
state alone and these GepOsitOrs axe the class or per
sons that could be wrougcd a1d ruined by the payment
OF those bOnis currency. The Government mas not
tbc .r,Al .ht more paper currency ana III
had 4 would be breach Ot fath which would stamp us
Nifn everlasting disgrace" 49,,
Turning 10 another question, WhRt 90 you 'uihA vi
the ripher dis p>tchrsf'
know no;bigs aSodt the ugy things but what nave
aeon in The newspapers heard OF them before.
believe what Mr. Iiidcn says or them must DC tTue III
they wer, by anyone II was an infamous piece OF
hs.s bus ia tne absence Of proof the denllls ~ per
SON. on xht accepted conclusive beard
~ vague rumurs Ia Washington OF dispatches on ooln
sldes but nothing definite.