14 Jun 1878
Page 1
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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
The Greenback News
Location
Joliet, Illinois, United States of America
Date
Jun 14, 1878
Page
1
Readable fragments describe a block location with vague references to a 100 dollar amount and a possible lock or barrier. No clear person, organization, or specific place names are extractable from the text. The context remains uncertain due to garbled OCR.
The paper seeks canvassers to sell the Advocate and Weekly Greenback News at one dollar and twenty five cents yearly in advance. It touts eight pages, one column larger than the Irish World, promises finance coverage and family reading, and offers good wages.
The National party could become a decisive figure in the political year unless regular parties show a stronger grasp of the situation, per the New York Herald.
The New York Sun argues that the rising National party shows regular parties have lost control over public thinking as they no longer deserve respect.
The Boston Herald attributes the spread of the Greenback movement in Maine to broad discontent among purer Republicans who argue that even inflation could be a tolerable alternative to Blaine.
The article notes that the National party is gaining strength alarmingly and could cause a marked departure from previously stated Republican plans as drafted.
A discussion contrasts Scottish bankers liability to depositors with American practice. In Scotland most bankers answer to private fortunes, except Bank of Scotland and large chartered banks. In the United States bankers are liable only to the extent of their stock, allowing potential large-scale losses to depositors.
Essex County Press argues the national Greenback Party will succeed and take power, as it is built on the rights of man and no party with similar principles has ever failed to gain public trust for governance.
The speaker argues thorough organization is essential for a nationals win this fall. A club in every town in spring, forming a nucleus for public meetings and distribution of greenback literature, will grow membership. spring seed can yield tenfold in fall, while fall sowing risks destruction by partisan frost.
Plaindealer notes victory in blocking further greenback destruction with the silver bill, praising the National party for leading two key measures. It argues for broader positive currency reform to end money power oppression and establish perpetual full legal tender government money, urging citizens to press for repayment of bonds and ample circulating notes.
The Nemedy argues against a large standing army to quell labor unrest warning bullets bayonets machine guns and carnons would be used if workers strike. He says remove the cause and the army is unnecessary except on the Western frontier and opposes funding four hundred men at vast expense.
Ben Butler era editorial urges using United States militia power to relocate settlers to frontier homesteads of 40 acres each with families to build self supporting producer communities. It contrasts with regular army, warns against reliance on soldiers, and advocates wider militia against mobs. Also includes a fable about a fox and chicken farming and a remark on bondholders’ finance study.
A farmer seeks a large flock of hens for daily eggs and occasional meals. He buys top breeds and feeds them well, but despite freedom to roam and forage, their numbers do not grow as hoped.
The speaker argues that removing extreme poverty and ending the banking system would prevent communist influence, claiming past prosperity existed without "Communists" and vagrants. They assert banks and bonds steal millions from workers and call for sweeping economic change.
Washington observers argue John Sherman and partners benefited from a 50 million dollar purchase of thirty year bonds at 4 1/2 percent. They claim the trade cost taxpayers millions in interest and provided the syndicate with large profits, while small denominations could have financed the government without premiums.
The governor plans to expose the Pekin whiskey ring and its leaders. authorities expect a decisive effort to end the operation and reveal the full scope of the illicit business.
The State Journal from Springfield ceases entirely while a new Republican national paper named Deal rises in Racine Wisconsin edited by Col Otley with a note of consolation.
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