The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1895-08-01

result Of attempts to develop mines
which proved failures in the end and
the losers were disposing Of their out
put to try and save something out of
the wreck. There were, he declared,
only three or four silver mines in opera
tion in the country and they were hav.
ing a precarious existence, liable to
close any week
Mr.. Harvey then denounced Mr..
Scudder as the tool of the banking in.
terests, sent out to the silver country to
defame his nation.
Mr.. Horr declared that the statement
that it cost more to produce a pound of
silver than pound of gold was not
true, and had not been true for great
many thousand years.
1t was true, he said. as measured in
human soil, both gold and silver had
deprecated in value; but silver had
deprecated much faster than gold.
Mr. Horr then presented statistics for
series of years in substantiation of
the depreciation of gold, showing the
prices for agricultural products and the
wages of labor.
Mr.. Harvey took up the subject and
proceeded to argue that advances in the
price Of grain under gold basis in the
years quoted had resulted either from
short crops, or in the increased demand
brought about by finding new uses
for it.
Mr.. Harvey said: "The banks should
go out of the government business in
stead of the government going out of
the banking business. Applause Let
the banks be banks of deposit and dis.
count, and not makers of money. There
is no condition of civilization that you
can imagine by which you can be
part of that civilization and yet dc
without money. Applause. And by
the legislation in 1878 it has been en-.
hanced in exchangeable value with
your property. That is the crucial
point in this financial discussion. Ap.
plause. A man loaning money in 1879
that 1000 bushels of wheat would have
paid, you must now give him 1900
bushels of wheat to pay that debt.
[Applause. The men who own bonds
payable in money and securities, pay.
able in money aggregating more than
all the assessed value of the property
in the United States, have legislated so
as to enhance the value of their prop
erty until you have got to give up
twice as much to them when they
come to buy your property, as they
give up to you when you go with your
hard earnings, with the product OF
your loom and your field, to buy their
property" Applause.
Mr.. Horr: "You cannot possibly find
out the facts in reference to the farmer
simply by taking one article and that
the lowest one you can find. Now
will call you attention to a confirma-
tion of the figures which have hereto
fore given. Those figures show that
| prices for farm products all taken to-
gether, you know, have not declined.
Here In the United States comparing
the present yalues to those of 20 years
ago, l find my confirmation in an anal.
ysis of national wealth by the great
statistical authority, Mr.. Mulhall, so
often quoted by Mr.. Harvey. In the
June North American Review, Mr..
Mulhall says that the average yearly
ers, per capita. of the United States,
was for the decade 1861 to 1870, $l7. 80
each; for the decade 1870 to 1880,
&47. 10 per capita, and for the decade
1851 to 1890, $47. so per capita. Here is
an ability on the part of the farmers of
this country to save in the last census
decade nearly three times as great as in
the decade before the silver legislation
of 1873"
Mr.. Harvey: He says that we have
increased in wealth Nobody disputes
that. The United States has not only
been workshop in producing wealth,
but it has been a sweatshop. Applause.
1t has been producing wealth, but have
the men who produced that wealth got
wealth? The rich men are controlling
the legislation of America and the old
world, and there is no plan by which
European civilization can rise from un.
der it, and when we have passed four
or eight years further along there will
be no way for us to rise from under it.
We are making in the United States to-
day the last stand of free men in the
civilization of the world" Applause.
The debate was adjourned until Sat.
urday.