People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1895-08-01

demand for silver DIT fixed ratio, the
holders of silver would not part with
it for any less. 1t would give us the
trade of the silver using nations of
the world and the control of the COM
merce would be transferred from Lon
don to New York. 1t would increase
our trade with the gold standard ma
tiOns Of Europe through our control
of the products of the silver standard
nations.
Mr.. Horr, in turn said he spoke be
fore not of the quality of the silver in
the country, in comparison with eggs
but of the amount of silver. There
was a considerable difference in the
staying quality Of silver and of eggs.
The trouble, Mr.. HOrr declared, was
that with free coinage gold would
leave the country and our business
would be on basis different from the
rest Of the world. He argued there
was enough gold in the world for the
transaction Of legitimate business and
the annual output of the mines of the
world was large enough to meet the
increase Of the worlds business. In
proof of this he quoted the increasing
production of Africa, Russia, India,
Australia and the United States and
opening of new and rich mines. Since
1850 the supply of gold in the world
had increased from about $1,000, 0O0,-
900 to over sl2,OOOOOO, 900 with indica-
tiUns of continued rapid increase.
New processes and new mechanism
he declared, we're being developed rap
idly to cheaply furnish the gold cure
for Mr.. Harvey's silver jimjams.
Mr.. Harvey said that the more rap
idly the blood coursed through the
body the more blood was needed; so,
the higher the civilization the more
rapid the change Of commodities, and
the more money these exchanges re-
"uire for their accomplishment.
Mr.. Harvey said that any one who
had occasion to look into the question
of reports of the output of the mines
would not be startled by Mr.. HOrr's
big figures. He then quoted the sta
tiSticS of India under the silver stand
ard, showing a steady growth till the
balance of trade turned in her favor
in 1873. He declared it was their use
Of silver and our comparative disuse
of it which had given such an impetus
to India, Japan and Mexico. He de-
clared that he was in favor of indie
pendent action by this government
because it would right a great wrong;
because its continuance would injure
more; because the nation should be
independent of Europe; because we
should be free from tribute paying 10
Great Britain; because our power is
sufficient to compel Europe to come to
our standard in order to do business
with us. International balances were
settled by weight anyhow There
was no such thing as international
money.
Mr.. Horr resuming said there was
no such lack of general prosperity in
this county as Mr.. Harvey had claim
ed. Mr.. Horr said he spoke from the
result Of actual contact with the peo-
pie of the country. Since 1873 he had
travelled over 100000 miles, covering
thirty-one states. 1t was fact that
no people on the face Of the earth had
been as prosperous as the people Of
the United States since 1873. Why,
during the last year this people whom
Mr.. Harvey said were on the verge of
starvation had paid over $1,000, 100000
for 100000 bicycles, they were not
strictly articles Of necessity. They
were, he said, used somewhat for bus
mess but mostly for recreation and
an artistic view of the human form
divine. Mr.. HOrr then proceeded to
argue in behalf of the single standard
for money, saying that stability was
its chief merit, and a stable measure
could not be maintained with two
standards. Why, he asked, take the
ratio of l6 to l doubling, as claimed,
the value Of property. Why not 60
back to the standard of Rameses, to
!. The whole theory is fallacious.
The coin must be intrinsically worth
its face.
Mr.. Harvey said that money could
not be classed with weights and meas
ures. The bimetallist relied on two
metals and under that standard it
was more stable than single stand
ard. As the pendulum Of the clock
has two metals, to counterfeit each
other the standard of money should
be double, acting each on the other
and preventing fluctuations. Free
coinage in the United States would
establish parity and then gold
would be found here. The man