The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-07-20
MONEY THEIR TOPIC.
Second Day OF the Horr-Harvey
Debate In Chicago.
The Principals Make sharp Thrusts ut
Zach Otber--Mr. Harvey Denies
Charges of Attempts az Mis-
leading the Public.


Illinois club before the Same limited audience.
Mr. Horr began by quoting Hallams
Middle Ages" ms authority TO prove the
fallscy OF Mr.. Harvey's statements In his book
regarding tho degeneracy Of the world COM
mercially In the fifteenth century as result
OF the depreciation OF silver. He cited from
Prof. James Il. Thorod Rogers TO re-
flute the statement made by Mr. Harvey
from his book that the price OF wheat
had fallen in that period and that the lot
OF the toilinE masses became more miserable
with the passage from the eighth TO the fif-
teenth century. rs charged by Mr. Harvey.
Letter. Nautilus and Hyndman we're also cited
In contradiction OF the silver champions
nfteenth century statements
Mr. Harvey said he had not intended TO ar
que with Mr. Horr that the monetary COM
mission, from the report OF which the quota
tion was made, did not know what IL was talk
] ing abent He declined TO have his mind d.
serted from the regular argument
and logical arrangement OF the debate
He declared that tho debate so
/ fur had settled the questions as TO what was
the money OF the constitution. what was the
unit OF value liked by the trainers OF
the constitution. IN favor OF his book
The keynote Which he wanted To sound
debasing one OF the metals when gold
and silver had been honest money for CEN
turtles, when under free coinage laws and equal
treatment 10th had equal purchasing power
In their own right and when population and
the demand on the money market we're grow
ingeyery year
Mr.. Horr resented Mr.. Harvey's severe erit.
ioism on Wednesday OF Judge vineent for de-
Gliding the question whether the trainers OF
ihe bill OF 1872 Intended To establish two meas
ures OF value. Judge Vincent had decided the
! question As submitted TO him by individuals,
as he honestly believed was righ.. and IL was
right. but Mr. Harvey had called him dishonest.
Mr.. Horr read from letter OF Mr.. Leach. for
many years director OF the mint who took
precisely the same view, that the claim that
\ the silver dollar was the unit OF value was In
consistent with the bimetaliic syssems. This
decision exactly In accordance with Tho
facts. The laws authorized gold dollar unit
and silver dollar unit, different from each
other In intrinsic value That was the reason
| the law OF 1873 was proposed
Mr. Harvey replying. declared that Mr..
! Horr had admitted Tuesday that the silver
dollar was the unit OF value and the record
showed IL, now he attempted to twist
something back into the discussion by
which he was TO be believed as saying
one thing Tuesday and something else.
J Wednesday. Mr. Horr was accused of trying
10 mix things by discussing bimetallism and
the relation Of silver and gold, which were IN
tho second chapter OF the book He
asserted that neither Mr.. Horr nor
Judge Vincent knew any moro OF bimetal-
lisIn than babe He accused his opponent
OF travelling on side tracks and neglecting TO
follow the agreed order OF discussion he
then introduced discussion OF the demoneti-
cation of silver and the ''crime" OF 1879 He
accused Senator sherman OF being the aroh-
conspirator and the European hnanciers his
accompnces.
Mr. Horr took up the statement OF the
author that ali foreign silver coins were made
q legal tender in the United States by con-
crossional enactment aud continued: II defy
you TO show q single law that states any
thing OF the kind. The very first law that
passed on the subject made all foreign coins
named In that act legal tender II they came up
to a certain standard as to finencss. and n
they we're worth so much. not otherwise 4"
The contestants became involved In a short
and sharp argument as TO the reason and I'M
derying motive OF Mr. Harvey In emitting
10 state Ia his quotation OF the act making
legal tender OF foreign CON. that congress. In
the same act. also made gold coins legal ten
der. The New Yorker insinuated that the au-
thor did so to mislead his readers into belioy-
ing congress considered silver the most Iu-
portant. which was not true.
Mr. Harvey retorted: when a man Is dis
GUESSING cattle he eccs not tsih nogx wnen a
man is discussing silver and the manner In
which IL was treated by our forefathers and
comparing IL with the way In which IL Is
treated by you people now. It was
not necessary to refer TO how they treated gold
or copper" He added that he had left out
what was unnecessary for him to state in
establishing the principle that the laws made
foreign silver legal tender
Mr.. Horr--''When you left that out you left
out Ihe very fact which showed that number
OF foreign coins were not legal tender Not
anywhere half OF the silver coin In the United
states at that time was ever legal tender
Your defense OF the con;r AIRY proposition Is
preposterous
After some discussion as to whether the
had
school, Mr.. Horr proceeded in defense OF the
law OF 1873. and claimed that no law had ever
been lsscd By congress which was freer from
faint He dened MIR. Harvey to produce one
scintrlla OF evidence In proof OF
his charge that IL was scheme 10 demon-
otizo silver concocted Ia London That
law was passed because experience showed
that gold would not circulate under the ratio
OF 10 TO l. Tho cheaper dollar, which was
silver had driven the gold currency out OF the
United States The history OF that legislation
wcula Scsr h!-1 CT IL Stating that T. It, md
ti.~t Only, w-@ u Nr--soA 10. changing tn.
ratio between the two metals IL was done for
the purpose OF getting some gold currency into
the United States. After IL was done silver
ccasedto be the measure OF values In the United
States. IL was lawful 20 use the silyor dollar
after that the same as before. but I say the
people refused 80 use the silver dollar I'm maxi
ing payments Why! Simply because they
could sell the silver dollar and get more gold
dollars for aauantity ofsllvcr dollars than the
face OF the silver dollars called for. and so q !
man with the least grain OF common sense sold
his silver. paid his debt and pocketed the bal
ance
Mr. Harvey-Mr Horr says that have no |
proof that the scheme was concocted In Lon
don TO demonctizo silver In the United States.
when was a boy went into q courthouse one |
day 20 hear n criminal trial. and heard a |
lawyer say when crime Is committed and |
a..
mnn that is benefited by the crime Reason |
ing by induction VIII more invariably |
locate tho criminal than any uncertain /
human TESTIMONY. Silver was demonctized IN |
England. and in Engiand only. prior TO the day |
IL was demonctixed Ia this country That was
where the moSsment startcd--that IA another
evidence London bankers Initiated the Paris |
conference Of 1855. az which Mr.. John sherman /
was present. therefore have the right to say /
the conspiracy originated In London.
ARMY AND NAVY GOSSIP.