25 Oct 1878
Page 1
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This newspaper page contains 19 articles. Subscribers can read the full text of each article.
Newspaper
The Greenback News
Location
Joliet, Illinois, United States of America
Date
Oct 25, 1878
Page
1
The passage paints a grim view of residents unable to pay debts with property and unable to sell assets. It notes one in ten could cover debts if sale were possible, while no steady work exists and thrift has faded. People hope for an upward turn but endure shrinking property values and falling wages as agitation reveals the underlying cause.
The Sun critiques pricing and wages from 1864 related to calico, butter, and debt impacts. It contrasts historical dollars with today noting farmers face debt, foreclosure, and a decline in enterprise, while lamenting lost initiative and rising bankruptcy among neighbors.
The Chicago Journal argues for national banks paying a 1 percent tax on circulation 4 percent on capital and deposits while criticizing alleged loopholes that let banks nominally increase capital through bond deposits to boost note issuance. It notes parallel taxes on other banks and questions legislative loopholes and the journal’s own stance on bank taxation.
The bill is denounced as the wildest of heresy and kept from floor. Supporters warn that without interest on bonds or favorable terms on bills of issue, banks would be wiped out, while clerks could still process papers.
A rallying call urges workingmen and citizens to spend November 5 at the polls for the Greenback party. It argues the party aids the poor and cannot hire ticket sellers, urging personal presence to influence votes and improve conditions for workers.
The author argues voters should choose straight tickets on the national issue of greenback currency. He states that votes for any Greenback candidate count for the cause, while votes for other tickets count against it, praising National party candidates as first class and urging unity for justice and humanity.
A writer reflects on mixed fortunes in Phoenix shopping and advertising. Merchants report reduced sales despite heavy ads while rolling mills halted last year, signaling a tougher economic climate and wary prospects for local trade and cash exchanges.
A group visited a bank to ask if county orders were being purchased. The banker said money is scarce. They noted reports of plenty in certain circles, but not in business. Another banker was buying at six percent discount or twenty four percent interest. The discussion criticized demagogues claiming abundance.
A writer notes many converts to the backers movement as workers who recruit others. He recalls a summer where a switch-house conversation mentions a laborer who made seven converts, and a city mechanic who gained eleven greenbackers, illustrating strong commitment to the cause.
The text explains that voters may cast one vote each for three candidates or split votes as one and a half for two candidates or all three for one candidate. It notes Thomson in Will and Richey in La Salle as examples and urges Nationals to inform voters of the plan to avoid misunderstanding. It mentions a single man nominated, a greenback candidate for the U.S. Senate to be elected at Springfield next winter.
The Signal denounces its National party rivals calling them political dead beats and claims no leaders exist worth mentioning. It mocks Cal Zarley and Bob Walsh as ready to lead the party by the nose, offering five dollars to prove a national leader-able candidate.
It urges sending good men to Springfield to aid the people. Wm P Thomson is described as highly qualified, educated as a civil engineer, now farming in Troy township, and favored by voters from both parties for the State position.
The text discusses Geo. Francis' madness and a paragraph arguing gold measures value while paper money, the greenback, measures but does not. It states gold buys world property but greenbacks can buy gold and property and claims gold is cowardly and paper embodies courage.
Dr C W Cook the ante State Senator seeks canvass and aims to win votes from Republicans wary of Major Munn at Springfield. Democrats dismayed by their candidate may join in the effort to defeat Mor Munn while Cook hopes for a straight National vote boosting his election chances.
The La Salle Press calls Hayes pusillanimous for refusing to debate the financial question with Plumb until after the election and says the party is humiliated. It argues now is the time to meet the issue before all voters seek answers on the financial question.
The Signal lauds Cameron as delivering the ablest speech of the campaign and notes the paper’s comfort in praising public virtues of Republicanism while mocking the opposition. The piece ends with a sympathetic jab at the old man’s long campaign and reliance on harsh rhetoric.
The passage notes Mr. Brooks may have supported the Republican candidate for Congress two years ago and could influence Republican voters to repeat the turnabout. It suggests Greenback Democrats might follow Brooks’s example and support a poker man like Alexander Camp.
A Joliet editorial mocks Brooks claim that Rolling Mill workers and Irish supporters will seal his election. It argues a united city and seasoned voters are needed, suggesting a small faction cannot elect a candidate and criticizing the strategy.
Fragmentary AU article notes workingmen in large establishments facing supply or production tensions with references to time and illness. Details are incomplete, making precise facts difficult to determine.
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