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Complete Explanation:
A satire on the surprising alliance, forged early in the presidential campaign of 1840, between the Van Buren administration and southern or "nullification" Whigs in the circle of John Calhoun.

At left editor Francis Preston Blair embraces Calhoun saying, "Now we will see if Pikens [i.e., South Carolina Congressman Francis W. Pickens] dare say again that I am a {grave}Galvanized Corps &c &c.' I think this will cause Nulification Stock to raise."

Calhoun replies, "It gives me great pleasure to say that the best part of the Measures of the present Cheif Magistrate, are approved of by me, and I am happy of the opportunity of making these declarations, and I will stand by them."

Van Buren, dancing in the background, exults, "Hurrah for Nullification Stock. I am delighted, what will the D---d Whigs say, who cares for Granny-Harrison."

An obese Dixon Hall Lewis (right) adds, "I say Matty, you will find Cataline and myself, of some weight." Calhoun is characterized as a traitor (thus Lewis's reference to the Roman Catiline) because of his shift in allegiance from Whig to Democrat.

Weitenkampf tentatively dates this as 1836. Its close similarity to "Expansion & Contraction" (no. 1840-47) and its commentary on the Calhoun-Van Buren alliance make 1840 more likely.

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