The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1895-07-26

thrown to the dogs yesterday In the de-
bate between Horn and Harvey,
Mr.. Horr opened the dispute with
written argument touching the impossi-
bllity of maintaining fixed ratio be-
tween gold and silver. AS the result OF
experience all the civilized nations OF
the globe had discarded silver as stan
dard money. 1t was useless to exploit
long tables Of ratios to show whether
double standard could be maintained.
The world had pronounced against sill
yer.
Mr.. Harvey said he had been called
on by letters and kilograms to give
statements of Blaine. ingalls, and others
concerning the decentralization act. He
said that the words at his disposal In
the debate would not permit Of It,
Mr., Harvey then defined scientific bi-
metallism TO be the free coinage of both
gold and silver at an assumed ratio; II
change In the size of the metallic dollar
when the parity between the old and
silver should require; the option to both
individuals and the government to pay
In tho cheaper metal. He held that un-
der these conditions silver would not de-
prcciate because there would be an I'M
limited demand at the ratio fixed by
law and no man would sell his bullion
below the price at which he could have
| 1t coined.
Mr.. Harvey submitted table to show
that from 1857 up to 1879 the CONNER
cial ratio had remained remarkably
close to the legal ratio Notwithstanding
the decentralization of It by England
and another of the great nations of the
old world.
Mr.. Horr said this matter OF ratio has
little or nothing to do with the question.
The fact was that all the civilized ma
tons OF the world refused to recognize
silver except at its bullion value. Mr..
Horr then took the proposition of Mr..
liarvey's book that making the dollar
of onc-half tho present value would
double the value of everything In the
United States except debts. Mr.. Horr
pronounced this absurd. saying We
might rs well say that If we cut our
yard sticks In two Ii would double the
amount of cloth In the country. He
said that Mr.. Harvey seemed to be
stuck on sweet "l6 10 l." In his
book he proposed 10 keep metal value
nj parity by reducing the amount Of
gold In the gold dollar. Carried 10 Its
legitimate results the ratio would be
come lGia or 81 TO /.
Mr. Harvey proceeded to argue that
both gold and silver We're the measures
Of value until 1873. Referring TO the
cutting of the yard-stick In two, Mr..
Harvey said that the gold men had
doubted the yard-siick In 1873. He
asked whether If half the gold were de
stroyed the value OF the gold dollar
would not be doubled. Mr.. lIorr shook
his head. Mr.. Harvey said he would H.
lnstratc II In another way which the
farmers would understand II half the
wheat crop In the United States We're
destroyed, would not the price Of wheas
on the Chicago board of trade be
doubled. In dcmOnetiZing silver In
1873, the gold of the yard-stick had
been doubled. The friends OF silver
were merely asking for the restoration
OF the measure by readmlttlng silver
to coinage.
Mr.. Iiorr, In reply to the charge that
the decentralization Of silver cut the val
uc OF products In two, said that II that
were true, prices would have at once
dropped 30 per cent. The fact was that
they did not. II the destruction Of half
the wheat crop would raise prices four
fold the characterization OF silver did not
destroy II.
Returning to the attack. Mr.. uorr
said that Mr.. Harvey did not care for
ratio. What he wanted was cheap
dollar. and the cheapcnlng OF the emo.
luments OF labor. That was the most
prosperous country In which It's work.
men We're best paid.
MIR. Harvey said that dear dollar
and Il cheap dollar We're comparative
terms 10 he measured by mans cir.
cumstances. II a gold dollar We're worth
more than n silver dollar some more
costly substance might he found with
which To make dollars. lie said lie did
not propose To- allow Mr. liorr To pose rs
tho friend Of the laborlng man. The
gold men had thrown some four mil
lions or workingrncn out OF employment
and had put some Of them In prison be.
cause they objected TO having their
wages decreased.
Mr.. Harvey promised at the proper
time TO show the logical relation OF III,
gold basis TO the worklngmen.
.ir. llorr said II was In 1879 that We
resumed specie payment. and the only
money OF final redemption was gold. ii,
asked: Was distress abroad In Tho
land from that on; The fact Is, the
years from 1879 10 1892 found our pco,
pie better employed aud al better wage.
than IN any other same number OF years
since this government was formed. TAP
plnusel.
-Four millions OF men to-day ont OF
employment Where did you get your
figures, MIR. llarycyT
HI said ffpm ,Nyn IN fnt,r Nnttltnus
Mr.. llorr: Two TO four millions
-Four millions is out OF the question
Two millions Is Just about rs bad. Their,
is not any truth In either statement"
Mr.. Harvey: AS TO the prosperity OF
this country between 1879 aud is;s.2, YOU
could not break down great nation .tkt
this In one year. II has taken q shoSl
period 10 bring us 10 the bitter cup on
disappointment aud distress. know
that every four years the political par.
ties have charged each other with having
destroyed the prosperity OF the previous
four years. tApplauscl
Continuing, Mr., Harvey asked MIR
iiurr not 20 refer TO prosperity" OF thg
country from iS,a To 1855.
The word tramp" was coined In 18Th
ANA tile United States census shows thai
depression has been Increasing al n dis
rrui'orilonnic ratio, So has the number
OF rvhiicntiIry conrlcts, persons con
fined In nlms houses, insane nsylnms
and of suicides, The prosperity that has
built NJ mllllonalrcs aud muitl.mllllon,
Aires and S,rcwed this country with mil
lions Of tramps nnd raupcrs and men
that do not know how they are going ia
provide for their families. In the coming
year, GipplnusrD A change In rclntlv.
production had no eject ~ long ~ III,
mlniS were open TO the colnngo Of Tho
two metals. Applausrl
Mr.. llorr: 81 have never said thai
the cheap price NJ silver was not on ne.
count Of w. orcrproductlon. silver has