Year: 1876

NATURE OF THE GREENBACK MOVEMENT.
vRoBABLE DISRUPTION OF THE DEMOCRATIC PARTY


IF NOT UCCEssFUL-OPPOSITION TO THE Ma


TIoNAL BANKS THE NEW CRY TO BE ADOPTED.
lFRoM THE REGULAR CORRESPONDENT OF THE IklBuNtj


PHILADELPHIA, Oct. 23.-Thus far the
.,rcerback movement has developed only insignificant
proportions. II strong enough IN Indiana now
ever with twelve thousand votes To defeat the
Repubcan ticket In Ohio il cost the Republicans four
Or five thousand votes. in NewYOrk II seems 10 he cut
ting the other way and hurting the Democratic party
Here in Pennsylvania II is not likely 20 have much effect
except III one or OF the Congressional districts west
OF the mountains The real strength OF the movement s
however nowhere shown by the votes II casts From Oh
,eryatio,, of its material and motives in the West and
iu this state OF the opinion that the little faction
las possibilities before it Of growing into considerable
party II the Democrats defeated in the Presidential
election there win be tendency toward disntcgratOn
among them Having tried possible political eX
pedcn 10 get power the effect OF another failure VIII be
10 dispose thousands of abandon the organiza
ton and to bring up again for discussion among the
leaders the same question agtaed in 1865 and ls72-
whether II is not better the party dsband In
ANYTHING ike breaking up Of the Democracy should
occur the Greenbackers would be pretty certain to
gather in most OF the fragments. They are steadily
drifting away from their initiation notions and settling
down upon single idea, namely: A uniform national
currency Of United notes exchangeabe for bOuds
War on the national banks is their watchwOrd


Now there certainly in this notion 10 bind
party upon hCTe IN JacksOns hostility 10 the old
United States Bank. II the Democrats 20 10 the wall III
The present struggle and by their overthrow the South
en question is forever removed from the field Of poll
tics as believe IL will be under the wise and kindly
administration Of Gov HAYES, what other question could
better hold a party togeheri The Republicans would
naturally oppose crusade against the banks They
the children Of Republican legislation. The financial
policy OF that party has constantly looked to the ut
mate withdrawal Of the grecnback by redemption and
It's substitution by the banknOte. The struggle then
would be between the advocates of Government cur
r,pcy and those Of a bank currency.


II the Democrats succeed this Fall look for the
speedy extinction Of the Greenback movement as a
political organization. The Democratic party, always
hostile to the banks has become OF late the
noisy champion OF the legaltender note, and
the Greenbackers win find in IL, when once
seated in power an instrument ready at hand 20 accom-
plsh their purposes They Will need separate organi-
safon for their ideas will dominate the then yictorOuG
Democracy II there Eastern Democrats who hold
stock in National banks and don't believe their party is
hostile 10 those Institutions, tour IN the West will
speedily end their delusiOn. They will find Democrats
who are not opposed the whole National BANK system
about a. scarce west Of the Aleghenies as pearls in
FULTON Market oysters. " O.