, 1880-06-10
THE FtATlBT CONVENTIONS.

%UtlfEl1llQ HhS 81 pkHLtN+lE1A llAG k44E I'LL
jo'trnsncut Of that body was only acco,n-
pllshc,t lit time tn make room for tlla tl0uble4
headed Convention Of tho Ftntists alltl the
" 1.aborn party. W. cannot sny whether
these asscnbagus arc two Conventions OF
one faction, or Conventions Of two wings Of
Tho same factiot,, or Conventions OF separasc
fnrtto1.s. Ono il styled the National Greon~
back party" MD tho other tho "Greell-
buck Labor pnrty": ono meets at Farwoll
Hull md tllo other ut the Exposition
Building. Quo Of thcse Conventions hold
session III st. Louis SONIC mouths ago, at
which 1t adopted Platform, nnd one Dlllaye
ai,d ona Chambers, snttl to hail from New
Jersey E!l Texas, resnectfrcly, wcra nomi-
1latett for President mid Vice-rrcstlent, but
subject to my clin1lEc or compromise Iii tho
ticket that may bo satisfactory to the other
Grecn!>aci Convention, Which also met hero
yGsterttay. Thu otflGr party, Or wing Of tho
same purity, raeets l.ore to-tluy, and II union
Is to be attempted ut lcast, II not aceonl-
plslcd. This calls itself the "Natlollal
Greenbaek party" As we'll lis VIC call uli-
derstanMl tho difference between these two
factions on tho tlat and rag-baby question, 1t
n.ay be best explained by presenting tho
!h%tdk f4EHo oA NokLAf AAA ~ Nu4AFL4tAo0lA ~
the two tho rcuder can form his own COLI
cluslols.
l. The st. Louis Flint Convention proposes
that tho Government shall Issue legnl-tender
scrip to whatever amount may be named,
and that this legal-tenler scrip be applied
forthwith, to tho "pay,uent til Of NIL tie
National bonds" and lf the bont!holders re-
fuse this scrip tho bonds are to be repu-
dtatedl
Wiiat Is to be dono in tho way OF redeem
! ing tho scrip Is not exactly defined, but tho
presumption Is, that, having bcon used to
"pay" otf tho honds, tlien It too will be
repu,!lated, or exist in tho shape Of Aat cur
roney, 1t belng made treason, punishable
with death Mt tho nearest lanitpost, to refuso
| to accept tho scrip AZ 1nolicy. This Ii the
reptile which ll..s Its candidates already
| nominated, alld which Inns como to Chicngo
to swallow Or bo swallowed by tho other
snake.
2. Convention number two Is the "Na-
ti0nai Grcenback party" and this IL Il, ses-
slon at the Exposition building. It pro-
IH,scs also to issue MI tfle legal-trndcr scrip
tl,at ''muy be necessary to pny the bonls."
but 1t proposes that tho notea sllatl bo male
redeeInnblo In coin OF den,and. 1t proposes
to mako grecnbacls convertible I'll .leu.nnd,
aAI tlat ,ts ii beginning they be Issued to iii
| nanpunt equal to the amount OF National
bunk notes outstanding. This involves
pr,ctlenlly the abolition Ut Nationalbank
uotes md the substitution OF gretnhacks.
Thls IL, rs we understand, the platform Of
the faetion whicn Is seeking atl!llution with
the DnMocratio purity, ailI u union with tint
PARTY Oh tho saule candidates for President
md Vlrc-l'resldcnt. Whether twill propose
candidates Ut !ta OWL, md oifer them fol
adoption ut clncinnnti or 10 there to lobby
for some Democrat Of their pulittcs, Is mere
t,an we can say. The l.uv. Ds In b1aty,
md Denis Knarney are the l1ead Centres Ut
this faction, thu lnttur being I'LL ayowea sup
porter Ut Thurman.
1t must hs remembered that specte.pay.
nnents were resumed by the Govurnule1,t OIL
tho 1st Ut .innuary, 1873. and TINT since thal
time our curtuAcy--Rrcenoaeks. baNk.notes,
sityur. and go1d-has Ind n uniform value ,ls
inalluy.
The quantity OF currency III sight In this
country WIS mover 80 great Us iuw,-
tho gold, silver, grcenbnaks, and batk-
notes III the country nggrcgating at TIL;
t!no IN round Hg.trcs nearly $1,000 oo0, ,000
md always IN tho incrcuse. Thete Is iii
boMsl now outstanding which Is not on Il:
tncu nlatlo payable. principal md interest, /.
e0lh; but the greenbacka being nlso payable
III colM OIL demand. tho use Ut them to re-
tteum the bonds is not objected tn; ou tn
contrary, they nre preferred III sonle c1se
whero tic sum Is large.
both wings Ut thIs faction, wllgl, nslsot
| sy1I,,rs. thay a