, 1875-01-29

Tho Political IieonomfstA ssa1hcreat
Mt Madison F2oiI AI,lnlutG.l ArEu-
1iactat Over tho 1scsir1.,,ility OF II sc-
ta1lic asasis for tho f;xr1,nnge lf7cttin,
mud IL procrllHfcsln tentp u Intcrskt.
SpecsaE U,sratch to The Eh,cugo Tribune.
MApIsoH, Wis., jan. 23.-The second day Of
tho WiHconstn State Agricultural Convention l,aH
been Of equal interest and o4ual III attendance
To-day it waH opened with NIL elahorate paper by
tile Hon. N. K. Young on tho nce! Of organization
nmons producers. Mr.. ioung urged worry strongly
tho Necessity for organization asneng farmers.
1le opposed forced resumption Of specie pay
ment, tLo National Banking hyston, tho Ncci-
procity Treaty with Cnuaaa; favored an income
tax; thought tho hnllot a!iou1d bo nlat,o compul
soty, etc. All animated discussion followed.
N. Z, Allen road paper Oh tho value Of la,,i-
plaster Of which he IL sn enthusiastic advocate
no would IMPLY it to clover, and DIFF
5n'a .,1'1 1r"n1 np"' @ o',.a taSm1rs III e0ey'ng
tho tins of Sowing tho Bce1, and be thoroughly
Incorporated with The suii. In a.Hwor to qtles-
tons, Prof. DasllclH said tile ynlue Of lin,o, when
apnliod to roll, was in Aahtenillg tho deconposi-
tiOls Of Urgane ninttcr.
L, II. I;putosl read wel-writtep ra,aor OH
faIm-nlac!tilery naming tho great nlt,ollnt Of
work which can bo performed by it's aid, lilo
gront economy III such work. mud the Indirect
help to fartuore by giving them mora tno Tor
study, ote.t ns tho tilo principal advantages Of
s,lcb machinery. AmnDg the disadvantages ho
,sAmeA the fact that. On Htnall iarlns.
IL Boo1ns necessary to purcllahc large quantity
of machinery; that maay inachines arc sold at
extsayagnnt prices, and aro lnRta Of poor mls-
turlal. l1u Thought tlse pateut laws Ehould be
amended III to retnce tho rricp OF this n3a-
cllnery, A Mr.. ]'curlls callelt attention to tho
tnct that 3 greater evil to- muny farmers tl.an
euro given 1t.
In tllo afternoon, ]. ". Smith, pf Grccn bay,
road vsry carefully prepared paper. on ''T)le
Past aud Present Ut Agriculture" It showed
mich study ~ to tho paAt, atHl tnok vory hopo~
fuL viow Ut tho future, Of Turning III tho North
Neat.
lilo lion. ". ". Flold, Secretary OF tho State
Agricultural society. roal Il very carefully pro-
pared 'aper OIL !. 1ntercHt OIL Muney; u High
lsato 1luinona to Productive Industry" In th;s
papor tho owls to labor Of high rates Of interest
| Mero presented In Btrony language. Tho posi-
loh wan tahon that 1t1unUy nseu uH such III not
commodity, aud llelco It caililot be trsatod ~
enmnotlty. Il was nrgod Tint tho nonera!
uoyur.lnsent should isBuo all tho money, an1
should determine its vallo by liking tho
rate Of interest, which nl'ouid DO 1T pont be-
low tho average profit resulting from productive
all nations. WAS characterized NJ D tlollsion, .
| deceit. and a fraud. This papnr was
warmly applauded. President 1jaseom, ot
,, ths :, State x,a; University, 'o way ealIel on.
and forcc eharaosorizad tho paper ~
] bein}; Oh bad Az 1T could be. IEo insisted TINT
money Was Il colnuiodity, md gayo q brief hH-
tory OF tho origin u money to snAtatn this pnsl-
! tto1. bsnk.aatas are not uolsy they ara sl,n-
ponds sololy on tho faith in tlo ability md
Willingness OF tho Euwor issuing them to rctleom
them on demand. 4 specie basis. or issuing
Paper currency ;,9 only dollar tof dollsr ot
to rates Of inturcst, it was holl
| that this ahould 10 regulated siul-