New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-26

MADE %a'h 70 ' Circulate in place of that needed
and the banks collect interest on two o OF tn o r.
support this system in supplying the shortage in our
money volume The banks are interest,", III th
remainder needed with their system. II can pc
ruihfuy said that all the money IN Srcud bs have r
an influence In moulding public opinion: ,i,ors
human mor nI'" cowapGs Money is the lash they
afraid Of and money-lenders hold the VIII n" ~
The borrower is the servant of the lenders TAP
pliuse)
TOO RIDICULOUS EVEN FOR COIN"
Mr. Uorr-That whole question Of whether banks
are a curse the world and as to the credit OF
| the country being the country's llfebood. VIII
come later In this debate when reach 1t IN 'ne
regular order. daughter AMI appause) 1t VIII
| be presented Mr.. IIarvey's perfect satisfaction.
| According TO the report Of the Senate Committee
the decrease in the price OF 29 leading articles on
| our farms and IN our shops and factories since
| 1879 IS only about per That is no more than
| the natural decrease in the price OF such produc-
lions. owing to the improvements OF machinery
| which I spoke 10 you about. and which should al
ways diminish the price the consumers OF the
country. Silver has decreased IN price % per cent
! So have several other articles in the world, Niln-
enced by the peculiarities surrounding each article
and consequently not Influenced b. the uni OK meaS-
| ure Of value having appreciated II Is all IDLE TAX
| about silver costing s. an ounce To add to the
! cost OF producing an article all the money ,ntt
is too rid,culous to permit child even though his
name be Coin" and though he he Inspired TO an
nource II % an economic propositon "aupiers ar
not producers The men who manaSe ana cper',s
| that There are mines IN the lnl'el STATS "" az
can produce silver and save money AZ 10 cents an
not engage In It rs a business for nun they ersase
in 4 for the purpose OF profit Of getting " n al
ounce. men who are In II paying their expenses
and can only sell II Tor ca cents will quit that bust
mining silver a, less than 60 cents Will keep night
| on in the business. Now. Mr. Harvey the fact that
| Your own statement when tho full effects 81 de-
! monefizaflon took pla., with silver going down and
year year. that ~ Itself proves and no mon
at the price. they would not stay IN that bust
ness That ls The law Of business all over the
Harvey is to &c; 81 = on, Of he people Of the
rnt,l States for article that costs the men wro
tier. ever such class legislation attempted IN any
country to compel the people 10 pay FOR ih'ns
No man VINO knows anything about the nw, which
govern production will dispute my proposition In
Mr Iiarvey-Mr Horr says ,ha; so many ounces
! year and Increasing. and he says II they are not
making money ont of It. Why 10 they continue IL?
per cent Of tina, comes out Of the production OF gold
In the production Of ne solfIthey afe born IN she
IN tho earth 'epplausel-and IN refining ne gold
arg one ,Ss S' ~, se ihe ohr In the next
! place over ~ per cent ~ all The silver produced
make mines. mines that not paying IN either
gold or silver. or both AMI they are shipping that
against The bankers individually; I have asains;
,heir system. rhe, ar" smooth. poisnei we'll
! not threaten their system they a.e patriotic in-
| tc.ligcnt people
DEIUDING THE FARMERS
| Mr Horr-I Wish to say 20 tho people OF this
country that tho face u business transactions
tho statement which Mr.. Harvey makcs-I 10 not
care who has said before hm-that II costs
much 10 sc' pound OF silver AZ f. does 10 get "a
| FOUND Of gold. IL not true II has not been true
! FOR 4 grcn, many thousand Years There 4
| time when the two were worth precisely IN" same
| per pound. But silver has deprecated much faster
than gold. Now. deny from the start that the de-
| probation In gold has been anything Ike what
attemps To- from thc price ~ artci., raised IN the
world Their whole Effort IS aimed toward trying -
they hive been injured by this legislation. They
frankly admit that the face " IL 10 cut the pric"
cycry,day work would injure the man. Cons
qucnily they have turned their guns entirely ~ This
Ho%eyer the American ,o.lers. the great proinc-
!ect"l by me economic changes since hi3' THOSE
toiefs may be divided into two great divisions
the towns. men who 1--we on the products ~ the soil
and get their pay according 70 the price those prod
b iry fg ncs ~ hose shsng n ,b
aRricuurists may be seen IN the average prices re
Seyed BY them for The produces ."sed on Their
tolers must be found in the wages they receive for
their work Let us take irst the agriculurs,s
them for their agr,cntnra products To measure ;,
me rreG, OF silver LEGISLATION then upon tne arm
ana since 1879 ! will compare the five years from
D % & ~l,n e ,S y on M 70 20 so
! there was raised IN the United States an average
FRAT ,1r sS SS9
Of ses cents bgshsi in curreney or IS cents
total nn ysI"c Of oss for the Ave yc ~'
oh oh lS
advance in gold OF ~ cents cents b9 sh SANE; nr.
period. in Alabama Georgia. louisiana Mississippi
and Texas the average gold value Of corn feli from
York Ncw-Jerscy and Pennsylvania the price adj
yanced is cents hushei Fer several ,n Western
vancei from 81 to n cents an advance OF IL cents
r.om these summaries it can be that tho
average value per bushcl advanced since 1915. al
some farmers @I h sn"r raw S the
value OF their depreciatc.
HARvEy's EXPLANATION OF 1T.
Mr. IIarvey-The demand for corn has materially
| increased since 1873. It IL now used more exten-
siyc.y I'm brewerlcs. a use has sprung up for II
| In glucose candy and moasses. and many other
| things are made from 1t now that were not made
from In 1873. The demand for corn has Increased
and the supply has decreased
| / want To- say To you that the National banks are
| organizcd to force down your throats as II were,
their monetary system, when cam a, or'tinaa'i
ing TO deceive you II they can by such scounirels
A. that man Scudder and by similar articles In
newspapers and otherwise. II they can.
| INCREASE IN PRICES OF CEREALS
Mr. Horr-The only trouble with Mr.. Harvey Is
| that ne has got a lot OF essays that somebody has
prepareh or he has. and II he isn't reading one OF
them he isn't happy. don't happen to have that
yolumnous amount OF stuff carefully written uf
for me by the various men who believe as | do,
ana | am irving to follow this discussion in the or
dor OF the business propositions that II involves.
and II | am at times out OF That part OF the sub
i.,ft hat Mr |
quietly because say TO you In his books he never
discussed subject In "A logical, regular or
Ier Thai is II ne ever did, he dli II In his sleep
he never nut II In any OF his books
Nm isTb ~ ls;e The Nation raised each year av-
rroge crop OF 81 1871 100 bushels OF oats They were
worth during those Ave years t6N1o0i or az.
cents pcr bishel In currency. or POS cents In god
In lANH 20 lhal the average annual Oht crop was