The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-07-29


dispute my proposition in this regard.
Hence listen-hence the men who
own mines and those who owe sums
of money in excess of the money due
them, if they cannot work the scheme
to pay their debts in cheap money, and
if those men who own the mines can
manage to get three times as much as it
costs them for their product, they may
be benefited, but the balance of the
people of this country will receive moth
ing but injury from the entire scheme.
(Applause)
Cost of Production Again.
Mr.. Harvey am going to permit
myself to be diverted for a moment.
What Mr.. Horn has said about the cost
of producing silver he could have said
with great deal more force about the
cost of producing gold. (Applause)
Gold and silver are alike in their geo
logical formation in this, that silver
is found only in hard formation and
gold is found in the same hard forma-
ton, in quartz veins-in that they are
alike. In this they are not: gold is
also found in placer mining, and most
of it has come from placer mining, and
| there gold is produced very cheaply,
because it requires no miners picks
nor blasting powder, nor working in
hard rock, and no quartz mills are nee
| essary; it is PANIED out or sluiced out
at very small cost of production. Sill
yer is never produced that way, and
gold, dollar for dollar, costs a great deal
less than silver does. (Applause) Now
I am not going to stop with my own
ipse dixit, Mr.. Horr. I am going to
read from Del Mar on the history of
money, the book you read from the
other day. He says:
apart from other considerations
there can be but little doubt that the
average cost of producing a pound of
silver, from the beginning of the world
to the present time, has been far great
er than that of producing a pound of
gold. (Applause) That is by weight,
which means that it has cost sixteen
times as much to produce silver as it
has to produce gold. Now
Mr.. Horn says that so many
ounces of silver have been produced
since 1873 year by year and increasing,
and he says if they are not making
money out of it why do they continue
it. Now that is answered in this: First,
large per cent of that comes out of the
production of gold. In the production
of the gold-they are born in the earth
together, they are welded by God AL
mighty in the earth (cries of Good!
Goodr' and applause)-and in refining
the gold large percentage of the sill
yer we get is produced; to get one you
must get the other. In the next place
over fifty per cent of all the silver pro-
duced comes from prospects where men
are trying to make mines, mines that
are not paying in either gold or silver
or both, and they are shipping that to
get back what they can. Applause)
Scudder Scored by Harvey.
You refer to this man Scudder, you
refer to this willing servant of the Ma
tional Banking association of the Unit
ed States who was sent out to Colorado
| to defame his own country Qoud ap-
plause), who wrote a pamphlet that
was a fraud-wrote it purposely for
circulation to injure the cause of silver
and the people. (Applause) The
United States is the largest producer of
silver in the world, and our Rocky
| mountains are a source of wealth to
the nation. To the loyal American,
sensitively jealous as to the institu-
tions of his country, it is humiliating
| to hear men renounce reason and re-
sort to abuse of their country to make
good an English argument. Gap
| pIause) l have nothing
against the bankers individually; I
have against their system. They are a
smooth, polished, well-fed class of cit
| liens, and on any subject that does
not threaten their system they are pa
| triotic, intelligent people. They can
not see why they should not loan the
same money over and over again until
they work the quantity in existence up
to the quantity required. To have
what money there is play through the
! banks like a shuttlecock, weaving their
fortunes, is system they consider
worth defending. The Shylocks of old
loaned their own money; the Shylocks
| of today have a system by which they
loan other peoples money. (Applause.)
| They are defending that system. They
are organized. 1 read from page 1926
of Volume Z, Part 2, Congressional
Record of February IA, 1873. This was
read in the United States congress
| from the files of the New York Tribune,
the corporation which the honorable
gentleman is with:
''The capital of the country is organ
lied at last, and we shall see whether
congress will dare to fly in its face"
Mr.. Horr on Cost of Production.
Mr. Horr-I wish to say to the peo-
| pie of this country that on the face of
business transactions the statement
which Mr.. Harvey makes, do not care
who has said it before him, that it
costs as much to get a pound of silver
as it does to set a pound of gold is
| not true 1t has not been true for a
| great many thousand years. There