The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-07-19
Harvey Explaining the Famous Con-
gressional Act of 1873.
IS BECOMING INTERESTING
Horr Defends the Legislators In
Congress at the Demonetiza-
tion Periodically Answers
by Silver's Friend.

He said his opponent stated "Mr. Horr
has only taught in this debate a propo-
sltion that is in the interest Of every
money lender in the world to advocate
and he is here advocating It," II say
to my opponent / am not money
lender: ! have not dollars interest in
any banking institution or American
corporation or any other corporation
on the face of the earth. / have spent
my entire life in working for a living
come into this debate fov the pur-
pose of defending the interests. as my
friend will learn before / finish It, Of
the men who live by honest toll. (Ap-
plause) l do not think it is anything
against man II he even becomes a
stockholder In a national bank. l am
informed. Brother Harvey, that your
father is fortunate enough to own stock
in the Kanawha National bank. Am
right about it?'
Harvey-"No. sir; he does not"
Horr-"Did he ever?'
Harvey-"Never did,"
Horr-"It would not hurt him II he
had. would IT."
| Harvey-"No. SIR"
Horr-"He can own stock in the bank
and still keep honest?"
Harvey-"Yes."
Horr-"A man could be successful In
life without creating in me any spirit
of envy. 1 have learned that men who
accumulate money. invest In building
up great Industries for the benefit OF
the people who earn wages bless this
nation, and any system which Injuries
them necessarily Injuries the people who
live by daily toll. Consequently / am
just as jealous in my efforts to pre-
vent financial disaster to the business
men Of this nation as I am to see to 1t
that the wages Of the worklngmen are
not cut in two by using debased and
deprecated measure of values" ZAP
plause.)
Harvey-"Oh. did not mean to criti-
cize Mr.. Horr personally. That he
was an advocate Of a pernicious prin-
ciple does not mean that Mr.. Horr him.
self was a bad man. I do not deny
that Mr.. Horr and numerous selfish
bank presidents have at one time been
tillers Of SOIL"
Horr-"In reference to my having
been a bank president omitted 1t not
because l was ashamed of the fact. 1t
Is true that at one time | had saved
what We In some places would call a
competency, and ! was president of
a national bank. In the crash of 1879
/ went down. What l had saved was
swept from under My position as
president of the bank / resigned; but |
did not steal any money of the bank,
not dollar. i was nominated for con-
gress and went there, served six years
Of my life and did the hardest work |
ever did during those six years.
came out of congress just as poor as ]
went In: could not come out any
poorer; 1t was an impossbility. Harvey
Is facetious because l have stated that
the money question has given me the
headache. / did state that. but mark
you, it was the study of the question
which made my head ache. not writ
ing such stuff as is in this book"
Horr continued to argue that the act
Of 1873 was prepared after submitting
the question to a large number OF en-
perts all over the country. I'VE had
not had revision of the mint laws for
a number Of years and the men in
charge OF the mint thought the time
had come when something should be
done. Among the men consulted on
the question were Mr.. Boutwell,. Sec
retary OF the treasury: Mr.. Knox. dep
uty comptroller of the currency: Lin
derman, director Of the mint; Parsons.
superintendent Of the mint at Phlladel-
phia. My friend here intimates that
this law must have been wicked be-
cause 1t was hitched onto the revision
Of the mint laws. Why. that Is where
1t belonged. That was the place to
put II. The bill with the correspon-
dence was submitted to congress In
the most complete form and with an
elaborate report from Knox, which ex-
planned all its provisions. The bill
prepared by Knox was endorsed by
Secretary Boutwell, and transmitted to
the senate on April 25. 1870 The till
as 1t was at that time drafted dropped
the dollar silver coin and changed the
unit of value. That was the original
bill as IL was sent 10 the senate with
letter from the secretary. Now no.
body tried to cover up that fact. Those
letters were all printed by order OF
the senate in connection with the care.
fully prepared report Of Mr.. Knox.
Mr.. Harvey-"Mr. Horr, have you
the bill and those letters with you :"
Mr.. Horr-'I have not, but / have
them in the city think"
Mr.. Harvey-"Will you produce then
during the debate?"
Mr.. Horr-"I will If / have them.
don't know whether l brought them
with me. but think | did, Mr.. Pat
terson wrote to Mr.. Knox and his let.
ter was printed in the public docu.
ments. / will say 10 this house that
every single document have referred
to / have copies from the books OF
the government in Washington myself
individually, so | know what | an
talking about. Mr.. Patterson salC
The silver dollars, half dime ami ?.
cent pieces are dispensed with by sen,
ate amendment, Gold becomes IN,
standard money OF which the gold dol
lar is tho unit. Silver Is subsidiary
embracing coins from the time 10 III,