Blaine, who had previously opposed greenback inflation now resisted depreciated silver coinage.
He was a member of the committee on finance throughout his service in the Senate, and his first speech in that body was a defence of the free coinage of silver and a plea for the preservation of the full legal tender value of greenback currency, though in 1893 he voted to repeal the silver purchase clause of the Sherman Act.
In 1876 the Greenback Party, the successor in Illinois of the Independent Reform Party, secured a strong following; although its candidate for governor was endorsed by the Democrats, the Republicans regained control of the state administration.
In 1871 he was a defeated candidate for governor of Massachusetts, and also in 1879 when he ran on the Democratic and Greenback tickets, but in 1882 he was elected by the Democrats who got no other state offices.
Though he had been a hard-money Democrat, he joined the Greenback party after the Civil War, and in 1876 was its candidate for the presidency, but received only 81,740 out of the 8,412,833 votes cast.
His good sense was strong, as well as his sense of justice, and these qualities stood him in good service as president, especially in his triumphant fight against the greenback monster.
In 1880 he was the candidate of the Greenback party for president and received a popular vote of 308,578; and in 1892 he was the candidate of the People's party, and received 22 electoral votes and a popular vote of 1,041,021.
Of the Greenback party in 1882.