Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1879-06-26
The Way Hl. Smith Talks now.

The following Is thdle,ter OF acceptance.
~ the candidate for governor OF Maine IL
the National Greenback party. by Hen.
Joseph l.. Smith -
OLpIowS, Ne, June Tth, 1873.
To the Members Of the National GreenbGek
Party Of Maine:
As indicated By the few words al your con-
vention in Portland. will briefly express my
appreciation Of the honor Of . second nomina-
too at your hands, ss candidate for governor
Of Maine, also my hearty Endorsement OF the
principles put forth BY the National Greenback
party. hold that the financial legislation of
the country has been the principle cause OF the
hard times. The law has changed the value Of
the dollar. thus violating contrs acts and ssernc-
ing debtors 70 creditors. This has DESTROYED
our Industries, bsnkrupiing business capital
and distressing labor. The appreciation In the
value Of money has absorbed the vast payments
msde upon the public debt. While the deb, is
nominsiiy reduced hundreds OF millions 1t yet
would require more property, real or personal
70 pay II than ~ the close Of the war This ex-
plains the vain effort OF debtors 10 meet their
obligations, while the standard OF pay mel ut has
been continuaily advanced. This change In the
value has been accomplished In the interests Of
and by both home and foreign creditors. by con-
trolling our paper currency and demonetizing
silver, thus giving greater exchsngesble value
- gold.
As first measure Of relief, your platform
r2htfuly demands the unlimited coinage u
gold and silver, and 10 addition thereto, . suit
0cieut amount Of legal tender currency, TO be
isued BY the govesnment, for the trans action
Of the business OF the country. The keeping Of
nearly $40 900 900 u idle coin In the United
States treasury, and taxing an impoverished
people TO pay the interest upon 1t, Is an error
90 evident that il would seem that NO reason
able persou could tail to recognize Il. This coin
should have been used in the payment Of bonds
recently called In and the interest stopped.
Your resolution - " the quantity Of our money
shows wherein the present system IL . failure:
No one OF its advocates can now tell il II will
give us more or less money during the com ,
ing year. The quantity Of money which 20 i'm
mediateiy Affects its value, il now leit whollyto
chance. system like this never has and never
can give sound basis for business. Taxes are
now very unequslly borne, and our laws should
Be 90 changed that all species Of properly
should bear their equal burden Of taxation:
These great nation Al questions are the FIRST, and
will be Influenced BY the vote Of this state.
Our chief aim should be - . state 10 speak TO
the country our condemnation Of its present
financial policy.
The adsin Of the ssats more Immediately
within our control require careful and judicious
sdmiuistratiOu. There 10 . mountain of debt,
consulting of what 10 owed BY individuals,
toWbs, countries and the state, together with
our properties Of the national debs, the pay
meot Of which can only be accomplished BY
economy and honesty In sll departments OF
public service. The policy Of The state govern,
me0t I0f the present. year IN retto0cnment enu
reform should - continued - the nrst duty Of
. debs-burdeoed people. With such principles
- economy II government, equal rights for
lsb0r and capital, equal taxation, and such .
currency, the voters Of ths National 6reenback
party can overthrow 1t the baIlot-box the
sbuses from which we now suffer. The emer.
geucy calls upon oil citizens for united conduct
and . vigorous campstgn against those who
have oeariy ruined both this state and the ns-
ton. Thst saeh IN e0ort On The part o. the
Dsople will Be efoWned viii success y the b.
LEI Of your obedient servant.
tsigusd( JOSEPH SMITH.