Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1895-07-19
HORR'S STATEMENT.

Never Saw So Great q Proportion OF
Error in q Book.
Mr.. Horr opened with brief state
ment of his position. He said:
Judges and Gentlemen; It is agreed
between Mr.. Harvey and myself that
previous to entering upon the general
discussion, each Of us shall make brief
statement defining In general way
the position he proposes to occupy in
this debate.
The question which we are about to
discuss Is one that is not only receiving
very great attention among the people
of the United States, but it is one that
1s also receiving some attention from
the nations of the old world. The
question involves the kind Of money
that shall be used by the people of the
United States and has to do with laws
which will affect the great business in.
terests of this nation. The question OF
finance is very complicated one, and
there are some features Of 1t about
which the ablest men of the world
have been differing for years.
Foundation Of the Discussion.
The foundation Of the discussion
upon which we are about to enter is
small book published by Mr.. Harvey,
nv opponent, and entitled "Coin's
Financial School,"
The real aim and object Of that book
is to convince the people of the United
States that this government should
alone enter upon the free and unlimited
coinage of silver upon the old ratio Of
Ii to /. The wisdom of such a course
I dispute. Mr.. Harvey will still main
tain the affirmative Of that issue. I
will state in the outset that from the
beginning to the end Of the book there
is hardly proposition made to which
/ give my assent. propose to oontro-
vert many things which are stated as
facts, and shall attempt to prove that
the entire theory set forth by its author
if adopted by the people Of this country
would lead only to business disaster
and financial ruin. do not remember
ever to have examined book carefully,
in which I found so few statements
that I consider worthy of belief, and
certainly never saw so many absolute
errors crammed into so few pages.
Not Opposed to Bimetalism.
am not here as an opponent Of b.
metalism. I believe In the use Of gold
and silver as money to the fullest ex-
tent that can be done on sound bust
ness principles. My position upon this
question has been too frequently stated
within the last five years to be misun-
derstood by anyone. I believe that both
gold and silver are the natural money
of the world; that in all the larger
transactions gold is better adapted to
the necessities of the people than silver;
that all the smaller business transac-
lions of the human family for many
years have been and always should be
conducted with silver. also believe
that in all transactions Of the nations
of the world, between themselves, the
two metals should be used in the set
fling of business balances, but only at
their commercial value, also believe
that in the business Of our nation the
people should never attempt to use
either metal, except that it be at equal
value, only In cases where one metal
may be used as token money, and may
be made redeemable in metal at its coin
value.
Hopes for international Agreement.
have always entertained the hope
that the business men of the world
would yet come together in an inter-
national convention and agree upon
some basis whereby gold and silver can
both he used as the money Of final SET
Element among the people of the entire
world. I am very clear in my idea
that until some such arrangement shall
be made, it would be simply suicide for
this nation to adopt asystem Of the free
coinage Of silver upon the old ratio. q