232 
Wisconsin State Agricultural Society. 
If it be true—as does not yet appear, and let us hope will not— 
that the producer, the poorer consumer; the u millions ” as opposed 
to the u millionaires,” are clamoring for a continuance of the irre¬ 
deemable stuff, we may well say to them, in the words of the melan¬ 
choly Jacques, (but slightly paraphrased):— 
“ Poor deers (dears)! thou makest a testament 
As worldlings do, giving thy sum of more 
To those who have too much.” 
And let it be borne in mind that the 3.65 interconvertible scheme 
would do nothing to lift the burden of this tax from our shoulders 
even if it were to fully meet the expectations of the most ardent 
advocates. The greenback-dollar would have the same value as the 
bond-dollar, and let it be conceded for a moment that the latter 
should approximate so closely to gold as to be considered equiva¬ 
lent to it. No time-bond with a fixed rate of interest can be stable 
in value, subject as it must be to the various vicissitudes of the 
money market. Our six per cent gold bond—than which the world 
knows no better—is constantly varying in price. The staid old 
British consol ranges from 87 per cent, to 94 percent in gold, and 
the 3.65 bond could not be exempted from this law, and as the 
greenbacks are to be interchangeable with the bond and with noth¬ 
ing else, they would sympathize with every change. The nominal 
premium on gold might be very small—but no matter how small— 
fluctuations above and below 99 per cent, would be just as incon¬ 
venient and expensive as above and below 87 per cent.—within cer¬ 
tain limits the element of uncertainty would remain and effect— 
as we have seen in the case of France—all relations depending 
upon foreign commerce; and the importer, the broker would in- ' 
evitably be called upon to guaranty the business community from 
the effects of the fluctuations just as they now are; and men who 
guaranty anything have to be paid for it by those who are protected, 
and so, as was asserted, the burden of this tax would be upon us 
just as it now is. 
The advocates of the interconvertible scheme, while they claim to 
be the especial champions of the debtor class, say that they propose 
to make greenbacks equivalent to gold. If this be so, then it is 
not easy to see in what way they propose to be more careful of the 
debtor than those who favor the resumption straight. There is no 
hocus-pocus, no legislative sleight-of-hand, that will bring gold and 
