Daily Republican., 1878-10-23
~. q. x.exs.s,s Latter.

o000 ~ 0o60vOWD AsOSs
The following Is the letter addressed
by John @. Jackson to committee OF
the National Greenback Labor Party
and which was read al the State Con-
v-ntion Of that party held In the City
Hall last week. The letter was so ia.
vorably received by the Convention
that Mr.. Jackson was unanimously
nominated as the candidate OF the par
~ for Congress:
HocKEssls, DEL Oct. 18th, 1878,
MRssRs. WELD and CLAvEy.
Gentlemen:-You have done me the
honor of soliciting the Us. of my name
a. candidate for Representative to
Congress from this State on the ticket
"The National Greenback Labor party
hav. no ambition for entering the
political arena in these troubled times,
and have laid no claim TO the wisdom
or stat-slnanship now so much needed
for guiding us into more prosperous
paths, and therefore prefer that you
should look around for some gentleman
Of more marked prominence and ability
TO be your standard brarer.
1, may lie, moreover, that my views
are not sufficiently matured and elab-
Grated to make my acceptance OF your
nomination proper.
have for years held to tn. opinion
that the use Of the costly and incon-
veni.nt materials of gold and silver as
currency was unwise and needlessly
expensive, and have long observed no Y
steadily We ignore its use whenever
practicable, always pref-rring the paper
representative Of value for its greater
convenience. It has also seemed clear
to me that the issuing Of a paper cur
rrncy upon metallic basis, with the
profession that such currency should
always be- redeemable In coin, has here
tofore been a standing practical false
hood. since at no tim. has there been
at command sufficient coin 10 redeem
all the paper in circulation. Our abil-
ity to maintain specie payments has
therefore, ever been Of an unsafe and
trsacherous character, dependent upon
the confidence OF the people, Affected
by the fluctuations and accidents Of
trade, and liable at all times to be
ruptured by panics, thus rendering .
coin based paper currency the fruitful
source OF financial unsteadiness aud
conssq distress.
hold also to the opinion that our
present financial and industrial depres-
sion is largely owing to errors in the
policy pursued bv our government, in
TOO hastily and needl=ss!y cramping
the paper currency of the country To
au amount which, it was believed,
would per nit this fancied and unrea
specie payment to be inaugurated; and
that the legislation tending thereto
was procured too much in the interests
aud by the power and influence of cap
italists and with too little eye to the
prosperity OF tue industrial and pro
ducing classes and too little regard to
their consequent suiferings.
hold however that capital, in It's
truest sense, is but accumulated labor,
in store, and is entitled, in the light OF
a wise craftsmanship, to the same rights
aid to the same protection by law al
is labor in the present tense, that Is
now actively productive--to no more
and to no less; and further, that this
right ofindustry, economy, and enter
prise thus to accumulate property, OF
capital, and be protected in 1t, lies a,
the basis OF all civilized society.
You will perceive, therefore, gentle
men, that while can heartily unite in
sympathy with all statesman like and
conservative efforts to give to the coun'
try stable, we'll regulated, and reli'
able paper currency unsubjected to the
slavery OF the monied accumulation o
Eurole or of our own country, depre
cate al that may SAVIOR Of Communism OF
lead to hasty revolutionary measures
deeming that such measures, instead o
aiding returning prosperity, will ado
to the difficulties, and depress still
more the couditi0n of the producing
class.
If the holding Of these views shall be
deemed fitting for representative stan
dard bearer in your party, and III
NOR. competent person should not Oc
cur to you, have concluded not to oh
Jet to the use Of my name in that con
nection, and will endeavor for the SAKE
Of principle, to bear with patienct
the attacks of the blatant wOrshiper,
of hard money, believing that as oui
fathers successfully withstood the "Di-
rine rights Of Kings" the time may b.
at hand, when their descendants shoulC
withsta ID the equally absurd dogmi
of the "DiriHe rights Of Gold," to dom
mat. all other interests.
Very respectfully yours,
Iy, n I.rypnN