The herald., 1895-07-30

\ holders of silver would not part with it
for any less. 1t would give us the trade
|, of the silver using nations OF the world.
| and control of commerce would be trans
| ferred IRON London to New York. IT
| would increase our trade with the gold
standard nations of Europe through our
| control of the products OF the silver
] standard nations.
Mr.. Horr. in turn. said he spoke before.
not of the quality of the silver in the
| country in comparison with eggs, but
of the amount of silver. There was a
considerabl difference in the laying quail
tiles of eggs and silver. The trouble, Mr..
1orr declared was that with free silver
{ c oinage gold would leave the country.
and our business would he on basis
different from the rest of the world. He
Nareued there was enough gold in the
world for the transaction of the legiti-
s.ate bu siness, ana the annual output OF
I he minis or the world was large enough
incr' ase the worlds business. In
p roof of this he quoted the increasing
pl pduct ,of Africa. Russia, INDIA: Aus
tr; .a and the United States. and the de-
vel 0ping of new and rich mines. since
ts5, the supply of gold in the world nan
inc. ease from ST. 600. OO0. 600 to over W.
O0O., WOO, 700, with indications OF continued
raui, increase. New processes and new
Mech anism, he declared. were being de-
veIop, I'd rapidly TO furnish cheaply the
Gold g ure for Mr.. Harvey's silver i'm
jams. ;s,,,
tho bio. ID CURSED through the body the
more bl pod was needed; so the higher
tbe civil fza ton, the more rapld the ex-
change [ II commodities. the more money
those ext III inges required for their accom-
plishmen l. He quoted the statistics. OF
india un 1e the silver standard. showing
a STEADY growth till the balance OF iraue
turned in ,her favor in 1873 He declared
,t,n i, tba of SILVER, ana our
comparat We disuso of it, which had gwen
such an impetus to India. Japan ana
Mexico He declared he was in favor OF
independe ut action by this government.
Our power is sufficient to compel Europe
to come to our standard in order to do
business W ith us.
MI Horn, said that 1t is 4 fact that no
people on Inc face of the earth had been
as prospero MS as ;he people OF the United
States since 1873. During the last year
SOC. 600 bi cycles, and they were not
strictly art. cles of necessity.
Mr. Horr tren proceeded to argue in
behalf of the single standard for money,
saying that stability was its chief merit.
and a stable measure could not be main
tanned with two standards. Why, he
asked, take tie ratio of IL to l doubling
as is claimed the value of all prosperity?
WAY noe go back to the standards of
Ra meses, four to one?ss The whole theory
was fallacious. The coin must be intrins-
ically worth its face. Mr.. Harvey said
tha. money could not be classed with
weights and measures. The bimetallist
relied on two metals and under that
standard it was more stable than single
standard. AS the pendulum of the clock
was made of two metals to counteract
eac h other, the standard of money should
be double, each acting on the other, and
prev enting fluctuations
MT HarVprV then nrOCpeUpl TO de.
nounce the presidents foreign and tinan-
cial policy, and declared that the friends
of sil yer were fighting the battle OF the
people the world over. On their success
depend ed the liberty of the masses. Op-
preston had driven the liberty LOVING in
to their last stronghold. There was
nothing beyond except the islands in the
Pacific He declared that second de-
claration OF Independence was needed,
and proceeded to recount the story OF the
signing of tae Declaration OF Independ-
ence and the ringing OF the bell of the
old watchman with dramatic effect.
The answ ering of questions was the
final act in the controversy. 1t should
be said tnat the attendance OF ,he ses-
sion of the discussion was by card only
and was limited TO the capacity OF the
hall, which was about 200. This space
was generally fully occupied.