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Wisconsin State Agricultural Society. 
foi the sake of plunder, always keep it at an even temperature, and 
always at par, and let gold-gamblers take care of themselves. 
Circumstanced as are the people of the United States, with the 
debtor side of their ledger much greater than the productive 
capacity of their mines, they need, and must have an elastic, instead 
of a rigid currency. For this purpose we advocate the bond and 
greenback interchangeability, to act upon the principle of the ther¬ 
mometer pendulum, which is composed of two metals, (brass and 
steel) whose powers of contraction and expansion exactly neutral¬ 
ize each other, keeping the ball of the pendulum exactly on equal 
distances from the point of infringement, in all temperatures. Thus, 
we learn from the science of mechanics, as applied to contractile 
and expansive forces, how to “ regulate time, 11 and why not draw 
analogous lessons to regulate financial matters? 
But, 0! says the bullionist, if you have the interchangeability of 
bonds and greenbacks, you must have the one in equal volume with 
the other, and this is “inflation. 11 Not necessarily so, by a jug-full, 
we started out on this same principle, with the whole batch of 
5-20s, and, as a matter of historical fact, the currency was never in¬ 
flated beyond the demands of trade and commerce, and this goes to 
the very root of the objection, since contraction and expansion, at 
alternating periods, constitute the richest harvest of the money¬ 
changers, with the sole condition that they shall give the word of 
command. 
Let us suppose for argument, that we had a redundancy of $500,- 
000,000 of currency. A large part of the bonds representing that 
currency, and a large portion of the currency representing the 
bonds, are in the United States treasury, and everybody knows it. 
And we will suppose that the money-changers, in accordance with 
the habits of that class, resolve on contraction, as a means to reap 
the usual harvest from the distress that must follow. A million or 
more men with small means, yet having convertible bonds, finding 
the currency weakening under the boa-constriction of those who 
thrive only by contraction and expansion, swap their bonds for cur¬ 
rency, and thus relieve the pressure, and then if the moneycrats 
suddenly expand, by throwing their millions on the market, to get 
up a “ corner 11 in that direction, the million of men of small means, 
with their fifty, one hundred, five hundred, or five thousand dollars, 
sink them for the time being in interest bonds, and thus the bulls 
