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"Inflate the currency, and you raise the price of my steers and at the same time pay the public debt."
-- Solon Chase, Chairman of the Maine National Party

"As early as 1865-66 a conspiracy was entered into between the gold gamblers of Europe and America to accomplish the following purposes: to fasten upon the people of the United States the burdens of perpetual debt; to destroy the greenbacks which had safely brought us through the perils of war; to strike down silver as a money metal; to deny to the people the use of Federal paper and silver--the two independent sources of money guaranteed by the Constitution; to fasten upon the country the single gold standard of Britain, and to delegate to thousands of banking corporations, organized for private gain, the sovereign control, for all time, over the issue and volume of all supplemental paper currency."

The third way in the battle of GoldVsSilver. Another manifestation of populism. IgnatiusDonnelly was the president of the greenbacker Independent Party in 1876. In 1878, they renamed themselves the National Party.

The Greenback movement proper peaked in 1878, when 15 National Party Congressmen were elected. The party soon fused with the Democratic party, however, and by 1882 there was only one greenbacker left in Congress.

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Page last modified on September 03, 2003, at 11:34 AM