New-York tribune., 1878-01-23
THE NINETY FER CENT p1RrY.

The meeting OF the advocates Of the Bland
bill in one of the committee rooms oi the Cap
jtol was a significant gathering. Ii took III Il
greater collection of political bric-a-hrac than
was ever seen before in single apartment.
Whatever is queer in character. extravagant
in ideas, doubtful in political morals and Wild
in speech, rallied to the formation of the new
league. The men who believe in a light silver
dollar, in a still lighter paper dollar, or in no
dollar at all, the men who denOuncc the null
tiplication table as the cause of CONNER
cial depression the men who pro-
pose to clear off their debts with base
metal or promises, or q sponge, the men
who are little crazy or little dishonest,
who are demagogues fanatics, who believe
that pros, Gritty means owing lot of money
and bankruptcy means paying 1t, were found
on Monday afternoon conspirlng against the
honor and fortunes Of their country, under
tho direction of that distinguished statesman
and economist, General BENJAMIN +. Butler.
All party concerns and local or personal in
terests were laid aside, that the great multi
tudc of the mischievOus might combine for
the destruction of what remains Of public and
private credit and Industrial activity.
How earnest the infationsts and repudiators
are in their purpose is plain enough from the
readiness with which Democrats and Rcpubl-
cans arc induced to act together III such mixed
company and under such leaders; and how
dangerous their alliance may become is appar
ent from the favor shown TO General Buffers
violent scheme for debasing the currency 10y
means of the Appropriation bills. The fact
that under the law it is possible for the ma
lority to load an appropriation bill with i'm
proper proyisos, and thus carry measure
by conspiracy and stratagem when they are
unable to pass it by constitutional vote,
does not make the project any the
less immoral and revolutionary. We
hope, if such "a measure should come To the
test of debate and division. it would be
found that among the mistaken friends of tic
lightweight dollar there are gentlemen too
high-nnded to lend themselves to such dis
creditable proceeding. Nevertheless, the de-
Tenders OF the National credit must take warn
ing. The conspiracy Of the Ninety Per Cent
Party is not to be defeated without some
trouble 1t cannot be put down by mild pro-
tests and the silent votes of sluggish minor
ity We must meet the intati0nists with an
organization as compact and as active as their
Cwn.
The committee appointed at the Ncw-York
bankers meeting two weeks ago ought to be
able to devise plan Of concerted action by
the financial institutions of the country which
may avert the threatened danger. We believe
the banks have it in their power, if they will
act resoluteIy and act at once, not only to re-
leve the business community, but to exert an
excellent influence upon Congress itself, where
it should be remembered that a great deal Of
obstinate rascality is mingled with great deal
of honest ignorance, and some gentlemen WHO
are deaf to the arguments Of dcbaters may be
impressed by the practical measures of self
defence adopted by bankers and Others who
control capital.