The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-07-29

Eve years from 1910 TO 1879 with the
five years from 1890 to 1894. l will use
the home value of the crop, or the value
of the same to the farmers, and begin
by using material furnished by the
agricultural department and summar-
lied in the statistical abstract for all
the years excepting the last two years.
I will begin with the largest and most
important crop of the land, crop
which is worth more to the producers
than any other two. I refer to corn.
In the five years, 1875-1879, there were
raised in the United States an average
annual crop of 1,176. us 900 bushels,
for the five years a total of s., $50, 220.-
1852 in currency. That is an average
of 1858 cents bushel in currency or IS
cents in gold.
Mr.. Harvey-Mr. Horn, won't you
treat US fairly and compare the crop
of 1872 with the crop of 1894, instead of
mixing the figures up that way?
Mr.. Horr-I will give you those I have
prepared. I don't mix anything. It
is just as straightforward as it can be.
Mr.. Harvey-You can get it from the
book here on the table.
Mr.. Horr-Well, wait Don't you
want me to run this thing as I like?
Or do you want me to run it entirely to
suit you? Qaughter) He sees what
is coming and he's in trouble, you know
In 1890 to 1894 they were raising annu-
ally on an average i, 602, TIC, 1857 bushels,
with total value of $3,379, 1864 ,O93
for the five years, which is 42.1
cents per bushel. Here is an advance
in gold of IL cents a bushel between the
two years. Now in the same period in
Alabama, Georgia, Louisiana, Missis-
sippi and Texas the average gold value
of coin fell from 635 cents to 5S.3, or
81 cents a bushel.
A short range discussion on rise and
fall of farm products followed.
Says That Banks Are a Blessing.
Mr.. Ho-r-T desire to say in my clos
ing remarks that before the debate ends
1 shall attempt to show the people of
this country that banks are just as
great blessing to the world and as
necessary part of civilization as rail-
roads and machinery and any other
modern improvement that has blessed
the toiling millions. But I shall do it
in the regular order. T cannot be
swerved from the regular order.
daughter and applause) Before I say
anything else I want to call attention
to the question, Brother Harvey, you
| asked me, because you might think I
sighted you if I paid no attention to it.
will read it again so we will under
stand it: 81 am going to ask Mr. Horn
question and if he fails to answer it
Il
verdict against him.
The table on production of silver for
the world shows the worlds production
in 1860 to have been $40, 800, 900, and
| that the production increased each year
till in 1872, twelve years later, when it
was $65, $50, 900. Here was an increase
of "a per cent in twelve years. Now, if
you are right, why did not this increase
break down the price of silver? And
before you answer | will call your at
tentiOn to the twelve years 1872 to 1884,
where the increase is SO per cent, 1 per
cent less than the previous twelve
years, during which time the price of
silver had fallen II per cent"
Now he wants me to answer that
question. Here it is: The reason why
silver did not fall more between 1860
and 1872 was because of the enormous
demand for it in the Orient. Mulhall
| page 300 gives the imports to India
alone from 1860 to 1870 at $500, 900 900,
while from 1870 to 1880 she took only
| $3.50, 900, 900. The entire production of
! silver from 1860 to 1870 was $500, 900, 900
and was utterly absorbed by India
alone, while the production from 1870
to 1880 was $685., 900, 900 more than India
absorbed. The difficulty is that silver,
like everything else, is affected in its
price by the demand for it's USE It may
have been affected by the fact that peo-
pie have ceased to hoard it in days
gone by there are dozen reasons why
the people, not wanting a thing, don't
take it, that's all. 1t is not because
! there is less silver used as money, be-
cause there is an enormously increased
amount used as money. l will not stop
now to show the exact figures, but the
increase, as I remember it, since 1873,
of silver that has been absorbed into
use as money is something like 81 ,300,-
! 000,0 900, SO when a man says that silver
| is demonetized by any nation on the
face of the earth-unless he gives a
definition to "demOnetized,' it is not in
| the dictionary-states thing that is
not true Silver was refused free coin
| age and consequently ceased to be the
measure of value in all the civilized ma
| tions of the world, but the demand for
silver as money was not decreased by
that legislation, and Mr.. Harvey will
not claim that.
Mr.. Harvey do.
Horr Claims Another Point.
Mr.. Horr-Well, then, you claim it in
the face of the facts of history. We
have coined since the decentralization
act of 1873 over $500, oOo, 900, if my
memory serves me right, in this coun-
try, or have it in the form of bullion
in the treasury, which we have taken