St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-18

things, one-tenth part of 247A grains
of gold or 371A grains of silver, just as
equal values may be embodied in given
weights of any two given commodities
such as wheat or corn. A unit of val
ue is the unit in which values are ex-
pressed The values both of gold and
silver are expressed in the act of 1894.
so we have two units of value If
both had rot been so expressed we
could not have had bimetallism.
Mr.. Hor- also quoted eX-Director of the
Mint e. Q. LeeCh, that the laws auth
orize both a gold dollar unit and a
silver dollar unit, different from each
other in intrinsic value. That was the
reason he Qeech) proposed the law
of 1873
SOME MORE CLAIMS.
Mr.. Harvey-Yesterday, at the close
after L had quoted as authority for
silver being the unit the statute itself.
the utterances of Secretary Gallatin,
a decision by Chief Justice Chase, of
the supreme court of the United States.
and other numerous authorities, in
Guiding Roswell G.. Horr, of New York.
Mr.. Horr then admitted that the silver
dollar was the unit of value and the
record of yesterday shows that Now,
In view of this attempt to try to twist
something back into the discussion by
Which we are to believe him as saving
one thing, and something else today,
L leave him to such fate as the readers
of this debate think is proper (Ap-
plause). In his constant attempt to try
to discuss bimetallism, the relation of
silver and gold, before we get te that
which is in the second chapter of the
school, he is trying to mix the sub
Ject up. When we get there we will
see that neither Mr.. Horr nor Judge
Vincent knows what bimetallism is,
and many things that he is now mixing
US on will then be cleared, and Mr..
Horr will be even as a. babe. CAP
plause). We agreed to take up the
subject of demonetization, the act of
1873, in today's debate, and having
waited for him t obegin and he not
beginning, 1 will now start" Cap
plause).
Mr.. Horr-I beg pardon; you mis-
quote me. I stated last night that 1
had not got through with the unit of
value; that I had some other things
to submit, in so many words, and we
did not agree to take up any one sub
ject at any particular session, only
that we would take them in a certain
order and let them run until we had
finished them
Mr.. Harvey-And the order was that
the crime of 1878, as we call it, came
next after the discussion of the unit
Mr.. Horr-I am not through with
that yet
THE ACT OF '73.
Mr.. Harvey-Well, I am, and I will
go on. Oaughter). Words are our am
! munition in this debate, $4,000 words
apiece being allowed us, and if the
readers think that 1 have neglected
some side issues that Mr.. Horn has
introduced, I want to tell them now
that 1 do it in order to devote my part
of the words in this debate to that
which will do them more good than
in following Mr.. Horr off on side
tracks. (Applause). Mr.. Harvey then
| discussed at length the act Of 1873.
Mr.. Horr, following on this subject,
said: 1--WE now come to the discussion
| of the law which changed this nation
| from a bimetallic nation to a single
| standard nation, the law of 1873, which
Brother Harvey kindly names a crime
1t has been called that so long that
| there is nothing novel in the name. L
purpose to show you during this dis
CuSSlOiI lIldl ilO ldW lids cNSI DtcI
passed by the American congress which
was more free from taint, which was
more carefully examined, which was
more completely and fully understood
than the law of 1873. The statement
which he read to you, that the scheme
was concocted in London, is a simple
assertion upon which he cannot pro-
| duce one Scintilla of reputable truth
not one word. 1t has been a good many
years since England dictated the legiS-
| lation of this country. They have had
trouble to do it ever since 1776 Qaugh-
| teri. They would experience as much
difficulty now as they did then, if they
should attempt it. The law of 1873 had
its origin, as all such laws have, in
the brains of experts. The question Of
coinage, mintage, is a most intricate
one; it is one of the most complicated
| problems with which philosophical
| men have ever grappled. 1t has been
a process of development from the
earliest stages of humanity down to
| the present time, which has given us
the present system of money, though
not perfect, as perfect as it has come
to be at this time. If anybody will
read the reports of the confederate
congress of the United States, the one
that came Immediately after the
| colonial congress, they will find that
all the men who even assumed to be
able to discuss the matter intelliger tly
could be counted on the fingers of
my two hands,
UNDERSTANDING MONEY.
Mr. Harvey-NIr. Horr says that I
have no proof that the scheme was
concocted in London to demonetize sill
| To- T,,s+ III 1,
| boy went into a court house one
day to hear a criminal trial, and 1
heard lawyer say: when a crime
| is committed and you want to detect
the criminal, look for the man who
| is benefited by the crime" Gap
| plause) Reasoning by induction will
more invariably locate the criminal
than any uncertain human testimony.
Silver was demonetized in England, and
in England only, prior to the day it
was demonetiZed in this country. That
was where the movement started-that
! is another evidence. London bankers
initiated the Paris conference of 1867,
at which John Sherman was present;
| therefore 1 have the right to say the
| conspiracy originated in London. Mr..
| Horr says that the science of money
! is hard to understand. Ever since the
money lenders of the world shackled
| the people Of the world they have
| taught the people that money was hard
to understand (applause); that 1t is
one of those difficult things, as Mr..
! Horr once said in his speech, "it gives
| me a headache to think of it" Qaugh-
teri; and you are not competent to
| study it or understand it; and as long
as they can make you believe that,
| they have you in their power. You
| who study chemistry, and can under
stand the most difficult problems of
science-chemistry and other sciences
that would make a bankers head dizzy
to contemplate-we are told you cannot
understand the simple proposition of
money, that which you come into the
use of every day. Mr.. Horr has only
taught in this debate proposition that
| 1t is the interest of every selfish money
lender in the world to advocate, and ha
is here advocating it. (Applause.) In
1873, when this treacherous act was
| passed, there was no specific currency
in this country. During all the years
! from 1872 to 1851. when II was actually