What The Greenbackers Want

iroin the opening ut tüe present sesiiion of CoogreWi uu til Wtiturday, the handful of Grosnbaukers in tho House htive beun tmdeiivoring to get their put seheme before tho country. Mr. De La Matyr, their representativo from Iu diana brotight in a bilí in the forui of a petition - a resolution not being adm'issible on account of an agremnent that no business shall bo dona except the passage of the appropriatlon billa - providing tor the issue by the treaaury deartment of one thousand million dolars in greeuback currency of various lenomiiiatiiins froiu f5 to $10,000. - ?hese are to be a full legal tender for very public and privato debt. They are lo be put into circulation by being oaned to corporations, tho latter givng ae seourity their bonds raaturing in ifty years, free from internat for five ■ears, and bearing three per cent thereafter. The bilí provides for immediate oans aggregating about 175 millions, listributed among the James River and Canawha, the Atlantic & Great Wesern, the Florida coast, the Port St. 'hillips, the Eock Islaud and Henne)in, tlie üswego and tlie Niágara Ship 3anal companies, and a railroad to connect the waters of the Mississippi with he Pacific. A boautiful seheme, no loubt, but lacking an essential element of business precaution which our sanguine gieenback frieuds alinost invarably overlook. Suppose that all these rand corporations lose rrooney by the nvestmont of tfieir borrowed capital ; uppose their huge canals and raüroads ay no dividenda, but demand repeated assessments, and such, we believe, is the ule; suppose the managers and direcors, as usual, steal all the money there 8 in them; suppose at the end of five 'ears there is no money to piiy the inerest, and at the end of fifty years there 8 no money to pay the principal - who hen is to stand the brunt of it all 'i The New York World takes a glance at the political status of Michigan in his wise:"At the spring elections in Michigan the Republieans usually bring out a lurger proj ortiou of the r strengih ban the Demócrata. Iu 1877, for intance, tbey polled sixty-seveh per cent of their full vote against but sixty per cent of the full Democratie vote. The maohiuery of the Republicana being in he hands of the Chandler uien, the aliance bet%veen the Democrats and Naionala of Michigan being an imperfect alliance, the actual result tbi year shows bat the Republican seceders havo not gone back to the regular camp, and this nieans that in the next contest uothin )ut a better organizatin will be needed o give the State to the Democratie and National forces." , . Our esteemed cotemporary - the Rtgster - refers to the fact that tha Ahgus s friendly to the re-noniination of Mr. Cilden. This paper hopes to aid in the vindication of the man, elected in 1876, ut cheated out of his rightsby returnng boards, by an election in 1880 so overwheliningly that no one will quesion the legality of the election. This will be a work of love on the part of .his paper, ready to take up the issue of he great fraud, which will go down in listory as one of the most shameful acts ever perpetrated in the name of politics The National HepvMican, announces ;hat the president has gone so far, in serious consideraron of his duty in reation to the army bilí, as to prepare the outlines of a veto of that moasure should ;he bill pass in its present form ; that the president has frequently remarked o Republican members who have called upon him at the executive mansión during the past week, that he is thoroughy in accord with his party in this matter. War between Tttmmany and antiTammany continúes. Gov. Robinsou bas removed Pólice Commissioners Smith and Nichols upoa recommendation of mayor Cooper. Thus tbo represontatives of a tecret society which has done much to bring the Democratie party into disrepute and saddle the metropolis with a great dobt, is being shorn of political strength by tho removal from it of patronage. Since Chandlor's speech in the Senate, he ha a rebel served up regularly for broakfast. For dinner-dessert it is unnecessary to say what is on the bill of fare, as that can be readily implied For supper he orders a Michigan sandwich, the inside of whioh is composed of what is left of themorning moal. When he retires, he prays that the ghosts of confedérate brigadiers will not haunt his dreams. Official returns have been received from all the counties save three, in the state. The majority of Campbell over Shipman is 6,143. Grosvonor over San ford 5,388. Shearer over Whiting 5,563. This is the closest election known to Michigan siuce Mr. Bagley was elected Governor. Vioe-President Wbeeler wassnmraoned by telegraph from Washington to see a sick sister, one day last week, and the Detnocrats made Senator Thurman President pro tem. So far the Grantites and Chandlerites have shut their eyes and kept close mouths over this last liuk in tho chain of "Eevolution."