New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-02-25
THE COMING PARTY.

TIE COMING PARTY
Brand new political parties of all conceya-
bIe varieties are common enough in tins cOun-
try. They spring up eveIywhere-among the
farmers of the prairie, the miners OF the coal
and iron fields, the communists and vagab0nds
of the great cities, the unemployed workmen
of the manufacturing towns. They always put
forth long and extrayagaEt declaration OF
principles; they nominate candidates among
whom, despite the extreme differences of the
platforms, there is curious family likeness
Of character; and then, having cast a few votes
at one or two elections, or mayhap sold out
betimes to the friends of some regular states
man, they disappear and are heard OF
no more. As a rule they do net com
mand the most respectful consideration.
The public knows them too well. But
the new Greenback combination, which has
Just come to life AGAIN for the fourth or fifth
time, and has recognized itself at Toledo as
the National Party" Qamiliar nancy, de
serves some attention. Not that the Organiza-
ton promises more than the customary Vi
tality, but that it expresses ideas which have
taken a strong hold upon the Western and
southern HIllu, anu u'Iil'S WIN 'hh-
cealness the ends toward which the currents
of popular sentiment are now steadily drifting.
The Grccnback Convention ut Toledo Is merely
an appropriate pendant to the Democratic
Convention at indianapolis.
OF course all reasonable men can see that
the Toledo resolutions mean communism. They
ascribe all the misfortunes which ailtict the
country, depression of industries depreciation
of property, violent fuctuation of prices, bank
rlptcy. fraud, cmbezzcmcnt,-to a system OF
legislation dictated by mOney-lenders, bank
GERS, and bondhoders," and sustained by
"the moncy-pOwcr and can ignorant and
subsidized press" They demand an instant
repeal of the Resumption law, and the estab-
lishmcnt of can American monetary system"
The Government is to "crcate" money out of
paper, by stamping IT, and to Issue such sum
per capita that every citizen may have as much
as he needs all bonds shall be taxed; all
money shall be taxed all incomes shall he
taxed on graduated scale there shall be no
great fortunes. for wealth shall he cqualized by
taking it from the rich and giving il TO the poor ;
there shall he no more exhausted wOrkingmcn,
for Congress shall fix the hours of Labor; there
shall he no more banks there shall be 10 more
"privicged creditors; " there shall he no re-
dcmption Of promises to pay; there shall be no
limit 10 the coinage OF cheap money every
man who has 50 worth of silver shall take it
to the Mint, and the Government shall stamp
il. "Ths is so. In God we trust" so " the
"vast army of idlcrs who grow rich upon the
"earnings of others shall be mustered out"
and all the people shall secure competency"
az. .lc Ia, hnNsn sn.
cured one already, and those miserable and
degraded rufiians shall he made to disgorge.
In what particular except perhaps a certain
brutality of expression, are these resolutions
worse than the platform of the Indiana Dcmoc-
racy upon which Mr.. Hendricks, foremost
Democratic candidate for the Presidential
nomination, makes haste 10 take his stand
That manifesto likewise dcnOunces the fulfil
ment of our promises to pay; it demands the
destruction of the banks, an unlimited issue
of irredccmable paper money, an unlimited
free coinage of silver, an adjustment (by resolu-
ton Of COngrcs0 of the amount of paper money
manufactured to 1.-The business interests Of
1.-THE country" taxation Of United States notes
by the States, more legislation III the inter
ests Of labor ain order to prevent collisions
"with capital,' and the stoppage of the fund
ing of the debt abroad. The Indiana Demo
Gratis, quite as plainly as the Toledo indie
pcndents, profess the policy of population,
and point to the coming struggle between the
hungry demagogue and the thrifty and indus
triOuS citizen. These representatives of an old
established party declare, with no less emphasis
than the asscmbage of lunatics and adyentur-
crs, that the cry against :" bondhodcrs" gold
d" sharks," "the money power" the tyranny
"of capital" means nothing more or less, when
translated into English, than the political econ
ony of Ancient Pst0l-"Bas is the slave that
"pays" The speech of Mr.. Hendricks was
more cautious than the resolutions, but ana
I'VE it and you viii find it comes to the
same thing and Mr. Voorhees, and Mr.. Bland
have been preaching a doctrine which is sub
stantay identical.
We must not dcludc ourselves with the hope
that this clamor for the lcgalzati0n of dishon-
csty is going to die away. The coming party
is bent upon complete social and financial
revolution. The sober, easy and sanguinc
East will perhaps realize the danger when it
is too late.
MORE or CRENITION.
e /, :.