The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1895-07-31

pioyment in this country entirely. and to those
laboring men who are now destitute. and many
OF whose leaders are now lying in jail. you
sing the sweet songs Of the high purchasing
power OF the gold dollar-when he gets it
Mr.. Harvey then delved into question of ratio
and bimetallism and reviewed the historical
position Of silver in European countries
Returning to the relation free coinage bears
toward the laboring man, Mr.. Horr said: "In
le79 when the question of metallic money
became prominent In this country. re-
| sumed specie payments. and the only
money OF final redemption was gold. Do you
| tell me that distress abroad ia the land
| ignorant OF the history OF work in the United
| States Since this nation began the years
from 1879 to 1892 found our people better en-
| ployed and at better wages than in any other
same number of years since this government
was formed Four millions Of men to-day out
Of employment Where did you get your fig
ures:'
MI. Harvey said from .. coo 900 to 1000 600
Mr.. Horr-There isn't any truth in either
statement In the years lese-92 | was
in thirty-one states OF this union and
during the entire time 1 did not
visit city where the people were not
| well employed at good wages and 1 know that
any man who says that from 1879 to 1892 this
country was in financial distress and that the
| laboring men were not then well employed is
not well qualified to talk upon the subject, be-
cause that is not the fact.
Mr.. Harvey congratulated the people on Mr.
Hurrs frank admission that over-production
cuts no figure in this controversy
Mr.. Horr-I never said that
Mr. Harvey referred to the national elections
| from 1854 to 1892 and said: Now, since 1892 a
| food of calamities has come Don't you in
this debate refer to the prosperity of this coun-
try from 1873 to 1895; don't you refer to the
multi millionaires and strewn this country
with millions of tramps and paupers and men
that don't know how they are going to pro-
vide for their families in the coming year. "
Tuesday.
CHICAGO, July 2a-No evidences Of fatigue or
lack OF breath were app trent in either of the
principals in the Horr-Harvey debate when
time was called for the sixth round Tuesday.
Mr.. Harvey led with a vindication of
the importance of the debate, which. he said.
rested upon five historical reasons:
l. For 200 years prior to the demonetiza-
| tion Of silver in 1873 silver was seeking the
miuts of the world for coinage into money.
For 200 years prior to 1873 there was no
variation between the commercial and the
legal ratio of 151s to l. During the twenty
1 two years since 1873, however. the two ratios
had separated widely, and gone from l51l to 1
4 to about 81 TO L
For 33e years prior to 1873, the quantity
ratio between silver and gold ranged from 81
Of silver TO Of gold to of silver to of gold.
but notwithstanding this wide variation the
commercial cato had chung tenaciously to the
| legal ratio.
4 The price OF silver in the London market,
as measured in gold. up TO 1873 was practical
| ly steady, while since that date silver had de-
! clined from 80 pence per ounce TO IS pence
per ounce
3 That this violent fuctuation in the price
loec f1x hocH .aa-, Gin s--
nonerization and is going on to-day.
| Mr.. Rorr did not reply directly TO his OPP
ponent. but took up MIR. Harvey's statement
of Monday that but one error had been found
| IN his work, saying that there were myriads
Of mistakes. not in express statement OF
facts. but by false implication which any
man OF sense would repudiate on sight.
At this point Mr.. Horr created some
derision at the expense of Harvey by saying
that he did not deny that his opponent be-
neved all he had written AS matter of fact.
ii was impossible for him to tell what a
man in Mr. Harvey's state of mind might
be capable Of believing The statement IN
Coins Financial School that every
ounce Of silver produced up to the present
time had cost the producer two dollars an
ounce was secuted by Mr.. Horr II the mine
owners had been producing silver at this cost
and selling it, as they had been doing. at from
s1..0 to s57 ounce. they had lost BY the
y
$3.50 600 90
The next point Of attack was the statemen Mt
OF page So Of Harveys book that the people of
this country are annually paying TO England
500 DOC, 600 in interest on national and private
bonds Mr. Horr denied this proposition fat
ly, and challenged anyone TO produce evidence
that the Indebtedness OF the people Of this
country to all the nations of Europe involved
anything ike such amount of interest.
Harvey then took his opponent to task for
Skipping about the book to find subsua nee for
his remarks instead Of conining himself to the
regular order Of proceedings IS agreed upGn.
and said that he would not be diverted from
his original plan By such tactics.
MIR. Eorr-The answer in your book OF hodge
podge and errors that the government can
create demand for a commodity has misled
thousands of honest and unthinking people.
Ny friend here, Dr. Robinson, says it is
| using a seeming truth to lie with,
which is the most crafty and dangerous
kind Of false statement You used
an illustration to teach that free coinag
would create an unlimited demand for silver
and increase its value in the markets Of the
world Under such coinage you advocate sill
yer would be received by the government
! coined, and then. in effect. returned to the
owner again He might not get the same dol
lars coined rom the Identical silver which he
| took to the mint, bat he would get those
coined from silver received and treated
precisely as his was Your ilustra-
tion Of the governments buying 100 900
horses is a fraud on its face, that Is all You
say the average price of wheat IN 1891 was s.
cents The Statistical Abstract gives the
/ New York price as sl-os in 1891 and the average
/ price in Chicago in 1891 was 81 cents. II yoa
are teaching the people the truth explain this
discrepancy
Mr.. Harvey-Mr. Horr will male nothing by
abusing ridicuing me The intelligence of
the American people demand something high
er than that MIR Herr should have thought
| Of how the government fixes the price on gold
We ask the same thing for silver, that's all
When we get to NE wheat table win satisfy
Mr.. Horr that it is right. he has already
been satisfied Of everything we have touched.
Mr. Harvey then entered into an arpurnent