The Wilmington daily Republican., 1895-08-07
ORATORS SUMMARIZE
Measrs. Harvey and Horr Review
- the Financial Debate.
BOTH RETAIN THEIR OPINIONS.

Though Holding Opposing Views, Each
! Contostant Has Proved to His Own Salts.
\ faction That the system He Advocates Is
Il the True Solution of the NJ onsy Question.
Y CHICAGO, Aug. 7.-Tollowing Is q syn.
cpzis of the summing up OF the Horr-
Harvey debate by Roswell g. Horr,
The object Of this debate was to deter
mine II II would be wise for our nation TO
throw open Its mints to the free coinage
Of silver ut the ratio of 10 to when the
civilized nations Of the world refuse 10
join In suoh action. My opponent pro-
posed TO prove that such course is ad-
visable. denied tho advisability Of such
action.
His stateme emit that the primary money
only is tho measure of value he has not
even attempted to sustain. He bhsed his
whole argument on the proposition that
che silver dollar was in 1893 made the only
unit or measure Of value. / have shown
sonclusively thnt our forefabhers at
tempted 10 establish bimetallisn and pro-
vided for two units of value. one OF gold
and one of silver, always naming gold
1rst, and that up to 1884 tho silver stand.
ard alone was used That after the gold
standard came Into use the silver dollar
has never been used as the measure Of
value in the United States.
Mr.. Harvey next based his case upon
the assumption that the law OF 1878 was q
crime, and stated that It had its origin In
fraud and Its birth through bribery and
corruption. He introduced NO evidence
10 support OF any ono OF these positions.
Thus he stands convicted by his own
statements Of an effort to deceive the
people.
! His assertion that option of tho debtor
10 pay In other metal causes the cheaper
metal 10 be used is true, but such option
does not restore Its relative commercial
value. On the contrary, 1t drives the
dearer metal out of use. History proves
that the use of single standard Is the
only means by which both metals can be
kept In circulation,
The gold unit Is not responsible for tho
fall In prices. Mr.. Harvey utterly failed
20 show a fall in the price Of single
article which is not fully accounted for by
che cheaper cost OF production, improved
transportation or increased supply.
During the discussion Mr.. Harvey oites
Roman history, with its many evils. But
he inadvertently makes an admission as
60 the great value Of banking facilities,
which refutes all his other assertions
against such systems. Ho says; ut Is a
Hf8nluChub COlnCluouCo tbttu tnc Drsb Billu-
mer of light only camo with the invention
Of bills Of exchange and paper substitutes,
through which the scanty stock OF the prec-
ious metals were increased in efficiency"
Strange that ID did not occur to him that
this Ia ian entire give away" of his whole
rant and fustian against banks.
The condition of the mass of the people
Of the United States has improved more
rapidly since 1873 than during similar
number Of years since the nation was
bora. Mr.. Harvey endcavors to prove de
eroasing wages In the United States since
1878 He introduces only one statement
IN support of his position; that was the
evidence Of a single man for one trade iu
tho city OF Omaha On the other hand tc
prove that thoy are advancing I introduced
che Investigation of United States Com
missioner Of Labor Mulhall, who showed
chat the average annual wages in manu-
kngturing industries have risen from e2SS
An 1870 TO 1863 for each person in 1890.
Mp. Harvey virtually admits that tn,
action which he proposes will put this na
tion on u silver basis and drive gold out
Of this country l showed conclusively
thst this would work injury to seventeen
million people who work for wages. Mr.
Harvey has shown that benefits will eomt
30 no person except silver mine owners
and insolvent debtors.
Following is synopsis of W. II. Har
vey's summary:
The debate settles In my Judgment tht
following propositions; That gold ant
silver is the money of the constitution
That the silver dollar was the unit o
value In our coinage system fixed by tn,
act of 1902. Mr.. Horr admits this Tha
both silver and gold were the measures o
value OF all other property until 1873, an,
the debtor has a right to pay in eithe
metal. That the act of 1873 was surrepti
tiously passed, That for all time of which
we have knowledge, gold and silver werl
treated equally as money, and until 1877
the commercial value of the two metal
was substantially at parity with the le
gal ratio. That prices OF all property ar
substantially at the present time one-hal
Of what they would be undor the blme
kallic system. That all the silver coinet
Eince Feb. 12, 1879, has been token money
believe those who read and CAREFUL,
digest the debate will conclude that hav
made good all tho propositions set fortl
In my opening statement.
Mr.. Horr said that whom gold or silve
was the unit tho quantity in dolla
sould not be worth either more or les
than itself. refer him to recent marke
quotations in New York, when gold bull
ton was selling at a small premium, whicl
was accounted for at the time as purchase
made by gold syndicate to prevent gol,
from seeking the mints,
1t was once supposed that labor savinl
improvements and inventions would lesser
the necessary toll of man, and there wa
apromise of day to come when with lit
Gle labor all would be provided for an,
humanity as whole would be benefited
Has 1t had that results All will answe
that 1t has not
And yet If there were no defect in ou
civilization inventions would haRa tn
sffect first intended for them. We ar
sufficiently advanced in this respect noy
20 provide all the people of the worl
With the comforts of life by one hour
work each day by each individual, Will
the remaining hours not devoted to slee
would be used In the promotion of huma
happiness and the advancement of tn
human race.
Removed,to Prevent a Lynchins.