The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1879-08-18
This Greenback party cannot be organized


to keep this 1850 coo, 900 in circulation for that
is our policy Do you want more. greenbacks?
Do you say ''retire the National bank notes
and issue more greenbacks?' 1t would be the
breaking of the faith of 81, 100000 of people,
with holders of government obligations if the
solemn promise of the COVE rnment, that no
more than 100000 of the greenbacks should
be issued forever, unless an excess of S50, 00O,-
600 for temporary purposes, is not kept. DO
you know the meaning OF this? If it had not
been done the government coald not have
floated its bonds; as with individuals so is it
with States, and it was a natural question to
ask how many of these promises to-pay do you
propose to issue Uncle Sam? Now Mr..
Greenbacker, if you propose to issue more
than $500. 100000 of greenbacks. write upon
your banner "Repudiation of the contracts of
our government"
Some people think that the government can
be run on a paper basis Dare YOU scout at the
history of the world? Try it and see; and in
less than ten years we shall be bankrupt as q
nation. But it is said that to make the green
back full legal tender will keep it at par. The
greenback deprecated nor because the govern
ment would not receive it itself, but because
no time was fixed for its payment. Enact to-
morrow that the greenback is not to be legal
tender between individuals, and refuse to
receive it at your custom houses and it will
not depreciate hair, SO long as we you leave
the convertiblity cla-lse intact.
In the last Congress there was proposition
to issue one billion of dollars worth of green
backs, and Wht re do YOU think such legislation
would send their value? Look to France. In
1890, at time of business depression, they
issued 400,000,000 of paper francs. business
started up, but prices advanced to be only 1ol,
lowed by relapse. 1--WE need more money,
it was said, and S00,000,000 more francs were
issued in paper, but it went down and carried
with its fall the first 10000, 900 issue. Then
in nine months after the first issue 6000000O0
more were issued amid great rejoicing, with
illumination of cities and kindling OF bonhres,
but it was soon again hard times, and i'll SIX
months later 300, 000,0 900 more were issued. In
three months after they said "What's the use
fooling with this thing, it only costs the paper
and ink, let's issue enough to last one month
at least and an issue of 700,0C0,000 followed
Then followed mobs, then followed suffering,
then starving men Quilted Paris and demanded
the blood of those who had betrayed the labor
ing man, and this was followed by the election
of an Assembly which issued 1,20O,00O,OO0
more. In 1893, such is the madness of Green
backism, that with this vast outstanding issue
of 4,000,0 900 of paper francs. more money
was demanded. In April, 1898, they issued
7,000,OO0 in May 100000, and in
June 100000, and as they ended so
should we end did we give way or weight tie
this greenback madness Sugar was worth 500
francs per pound or SIG. Fine times those for
the laboring man. Oaughter) When hear
the demagogue ask for dollar that will depre-
ciate, for dollar that will float on the wave of
tempt The dollar the laboring man wants is
dollar that will remain dollar, yes, that
will be a dollar all over the country, (applause)
that will not revive the Gold Room that to-day
bears the legend "To Let" In France in the
times [ have been describing soap sold for 800
francs per pound. Delightful country for
laboring man. Candles were worth only $13
q pound. You'd want to buy candle to read
a greenback by, to find out the name of the
fellow who printed it, so as to hang him.
A nr,1y ancfp ,ntnro hon fn
take his girl out for an hour, or about $4,000 if
he made it day, and when they got to that
point they repudiated the whole. And this
was rather a fat currency. TWAS made penal
offense first, and later death penalty to re-
fuse to take it, and people were forbidden to
invest money out of the country.
If you will not listen to me, will you to
Others Abraham Lincoln believe in return
specie payments. Chief Justice Marshall,
who was considerable of a man, equal perhaps
to any Greenbaeker in this State Uaughter.)
believed in specie basis. So did Salmon 2.
Chase; so did Madison; so did Hamilton; so
did Daniel Webster, who was perhaps as
great man as we have in Ohio to-day,
Qaughter) and who believed paper currency
to be bad thing as.did Sumner, Fessenden,
Clay, Washington, and are there any Demo-
Gratis here, if so will they pardon me if add,
and Andrew Jackson. cloud applause) This
was the opinion of Morton, Jefferson, Blu
chanan. and Bristow All these have de-
Tic sCilollc VI ohto SoNOlh-
ment on credit. You cannot keep $S00,O00,-
600 of greenbacks at par. To issue them you
must first break the faith of this people, then
you will be forced to reputation. Green
backism means something else-fiat money. |
Brick Pomeroy, the greenback leader, de-
mands dollar, payable to nobody, nowhere
and in nothing. His specimen dollar bears
the words "The United States of America
one DOLLAR ON one side, and the picture OF a
printing press, (it type of the fiat theory on
,1o,
min F. Butler, you may have heard of him,
who made speech at Indianapolis, and said
that people didn't seem to know what we mean
by fat money. Gas in the beginning God
said let there be light and there was light, so
we will say let there be money and there will
be money! This is the greenback idea. Their
government seal should be printing press
resting on a bale of paper with an hoe signo |
Uinces for the motto. The stamp of the |
government does not make money. have
a ticket for Old Orchard; yet no one but
modern fiat greenbacker would dream of sit
ting down on that ticket and calling it a ride
to Old Orchard. Naughter9 Suppose were |
to give one of you farmers an order for drag, |
who but modern fiat Greenbacker would !
dream of hitching his horses to the order and !
using it as drag. A ticket to show is
good thing, but who but a modern fat Green |
hacker would dream of calling the ticket the
show itself. Great laughter0 An order for
cow is good thing if you can get the COW, but
would dream of sitting down to milk the order.
To issue more greenbacks would be repudiation
to use fiat money is downright robbery. Bet
ter, ten thousand times better, had the nation
lied on the field of honor than to have lived to
suffer this shame.
BUTT will'not be. appeal to you Republi
cans. Return We to your allegiance l appeal
TO you Democrats, you who threw aside party
ssues, you who broke down party lines, from
he time when our flag went down at Sumter
ill out from the lurid flames of battle it float
ID victorious over a land redeemed, freed and
united, appeal to you Join with us ON this
ssue, forget all party lines, stand with us
shoulder to shoulder through the fight, and
With us win the battle for honest money.
Great applause.)
Mr.. Burrows held the close attention of the
audience from the commencement to the end
If his address, which occupied an hour and
quarter.
Judge Chase announced that meeting will
De held of the Republicans of Saco Monday
evening when a wide awake, working and ac-
i've Davis club will be organized.
The Republicans of Saco are wide awake,
md, as one man remarked, "mean business"
Among the prominent Republicans present
we're the Hon. Roscoe L. Bowers and His
Honor Mayor Clark.