Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-06-11

advocate Of the Greenback party. ne was
the only Peter Cooper man in Nevada in
the late Presidential election. There be-
ins no Cooper ticket in this State, he
quietly clipped the top OF his balAe'
before depositing it in the ballot
box. Very naturally the Captain is
full Of greenback literature and sta
tistics. He is a regular subscriber of a
~half-dozon Of the most violent Of the organs
of the Greenback party in the East. He
handed us one yesterday, the Essex On. ~
Press, from which we make IN extract,
lust to show the tone Of the new party.
Commenting on the investigation OF Mr..
Hayes title to the Presidency, the Press
says:
The people really do not want this thing
10 20 on. They care nothing for either
Tiiden or Hayes. They are getting TO care
less for the old party leaders, who have
robbed them so long and successfully.
The ms want to stay in. The puts want to
get in. 1t is too late for the Democrats
now. When Tilden was elected the people
would have fought to inauSurate him il
necessary. He betrayed them. The DEM
ocratic leaders refused TO seat the man the
people elected. Tilden will never be Pres
ident peacefully. Why should Democratic
voters elect Democratic Presidents for
Democratic politicians to sell out? If they
cannot seat their President elected in 1875,
when will they begin to seat the men they
elect to that Office? Democrats see this.
Republican leaders see it too. The latter
are preparing Tor a new lease Of power that
shall end-when? They have selected
Grant to receive from Hayes the Office he
now holds. Who shall hinder them? 1t
was a far more difficult task for Grant to
hand over his Office to Hayes than it will
be for Hayes to return it to Grant. This
ii q startling fact to any thinking man
But there is salvation yet. While all
this talk and work OF fraud was going on a
party suddenly appeared, which q few
years since was q little cloud about as big
a. q mans hand. 1t comes from the peo-
pie, Of the people and for the people. 1t
was conceived in the womb Of their suffer-
ings. 1t Is q man child, and the pangs Of
~parturition have been terrible. Its mother
il the Republic. Its father is Labor. 1t is
a sturdy boy Of the Nations maturity. 1t
will elect the next President. 1t will give
him his scat. It is called the National
Greenback party. 1t will burn the bonds.
1t will give the people ~greenbacks. 1t will
unbind labor. 1t will lift up paralyzed In
dustry. 1t will restore prosperity. 1t will
save the Republic.
That is q good big undertaking, but
maybe the Greenbackers will be equal to
the emergency. 1t can not be denied that
there is a strong showing Of justice in their
cause. More money to employ the unem-
ployed labor Of the country is demanded.
The hard times and distress all over the
land are direct results Of the policy Of con-
traction Of the currency. For twelve
years we have steadily been lessening the
volume Of the currency by retiring the
g~reenbacks and putting nothing in. their
place.. This could have but one possible
effect, namely, to cause money to become
scarcer among the people, and, per conse-
quence, harder to get. Men bought and
mortgaged property at the inflated prices
Of the war period. If there had been no
contraction Of the currency values would
have held comparatively good. But the
Government saw proper to pursue a differ
cntpolicy and the result is before the world.
The great crash came and thousands of
men and women were carried down to
ruin and want. Indiscriminate bankrupt
cy cnsaed among the banks, railroads and
insurance companies. There was no
money, no enterprise and no employment
for the laborer. 1t is nonsense
to talk about the times not being
affected by legislation. If the vol
ume OF the currency had been main
tanned at the figures at which the close
Of the war left it, everybody knows, or
should know, that the country to-day
would be vastly more prosperous and have
fewer idle men. John Sherman is still
burning greenbacks as fast as he gets hold
Of them. When or where this thing will
stop is not indicated by anything from
official sources. They tell us they want to
get us back to specie payments by January
/, 1879. Well. they may succeed, but it
will be 1t the expense Of the poor people
d the United States. The reconciliation
Of silver, that tardy halfway consumma-
ton, may, and doubtless will be Of some
benefit. But we do not look for . financial
millennium from this cause. The new dol
lar does not take as its friends. hoped it
would. 1t is unpopular just now in the
East. and the bullion producers Of this
coast, who were tho strongest advocates Of
its creation. refuse 70 accept it in exchange
for uncoined silver. These things will tell
on the popular heart after awhile. Mems
necessities sometimes produce great mp
heavals. It is not unlikely that the Green
back party will cut an important figure
in the election Of 1880.
THE labor statistics published by the la