New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-09-09

tractve by 1t air OF sodity and its agreeable sur
l. findings. Twelve OF fifteen thousand dollars were
,he 6gurs suggested. THAT house" said my
comranion old for 80, 900 about year ago ana
could not now be sold FIR 1000"
Farmers have sold most of their stock ana raise
little beside hay and potatoes and the shlp-o"heI'
have gone away with their vessels, and thus the per
sonal property sis of the town have been heavily
reduced in amount while he realty has enormously
deprecated in salablc value.
A compromise with the bondholderS seems to ne
the only way ont of the trouble. They can
press their claims sue in the courts. and under the
Maine law. get Judgment and levy upon the prop
crtv of Individual citizens But they have no
ultimate remedy. because the man whose
house or farm is seized and sofa
70 pay the town debt can the town
and recover judgment, hut not for what the prop
crtv brou0ht at the sale but for its actual value.
Then the identical house or farm could be levied
n"on and sold AGAIN to meet the clam of the orGi-
nal owner. and other property taken to make up
the deficiency. and the process Of selling coud DE
repeated if there were any buyers with an ever IN
crcasing deficiency between the selling price ana
the actual value II stand MS debt against me
town. Bat there would be no BUYERS. No one
would purchase property Of which lie might be as
possessed next day. SO the bondholders have 10
practical remedy. They cannot. as in some West
ern States procure a mandamus competing the town
officers to assess and collect money enough to pay
their inter. 81, and If they could the town would be
dcpopuatel for the entire valuation of its taxable
property Only amounts 20 double he aggregate OF
its debt
4 STRONGHOLD OF GEFENBACkIsM.
IL is under snch conditions of debt and dis
couracement IA these that the Greenback fallacieS
flourish in Maine. Probably there Is 10 town so
badly of rs WiscaSsct. but there a,c Others wth
debts hard to carry. and with deserted harDors'
diminished trade and ruined shp-bndnG inter-
ests. IN all such places ,he Greenbacb party still
holds tie converts Il made few yeaTs ago. In the
manufacturing towns. winch are again busy ana
prosperous IT il fast losing them. and in In" nmber
regions. where i; vc'imiz"d for time both the Oh
parties it Is fading away before tie Influences OF
better times. Tins VIII probably be the last year
when il viii be q faction of Importance in The poll
tc. of lne. No election will take place unit
1880. he Constitution having been amended SO as
to provide for tVo years term for Stale officers
and for biennial scs> ous of the LEGISLATURE In two
years ol political repose and business prosperity the
Grec,,back examination Will lose all It's vitality.
Another cause Will contribute 10 ITS decline.
Constitutional Amendment VIII be voted on and
alortad at tie approaching election, providing thai
nlurllitv ir-ted Of a majority. snail elect State
officers. That VIII prevent repetition OF TIE
schemes and com binat ions resorted to in recent
years 90 prevent a choice by the people and throw
the election into the Legislature. Thus there VIII
be no incentive f1r third party. The chief cause
Of the cAc,p Ona growth of tae Grcenhack party
In tbs state has been the majority provision III tie
Constitution. l. other States. whoever votes with
third party throws hls vote away. Here, such a
vote may be '~t effective as if cast for either OF
tie regular ORGANIZATIONS
THE BURDEN OF THE GEEENBACK SONG.
The GrepubacR orators in Name no longer attempt
the rrlparatlon of the soit-money ideas they used
70 preach. They do not venture to assal resump-
ton or TO tlk abOu- making money plenty by lssu-
,up p thousand millions of nov Greenbachs. The
hurl,n Of ther song D., the tyranny of corpora
irons. the greed of capitalists. the power of the
banks the oppression of labor the expenses Of Coy
ernmcnt. and the corruption of the Republican
partv. Their fusion with the Democrats ccpuves
them If all appearance OF being an honest thfd
party. for while all the time assaIling the Repnbi-
cans they dare not say word about the bal record
and bad purposes of the Democratic party. Thus
rhov forfeit the respect due to new party. winch
las hone 81 convictions however mistaken. and be-
come "A mere tender the Democrat machine 40
thirds Of them will become Democrats after This
wear and the other third VIII 20 back 10 tie Re
toned supremacy in the politics OF Maine
T. V