The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-07-27

what IL was, believed that MI. Harrison
and his party were responsible for it
and voted then out
Now, since 1892, a flood of calamities
have come. No. Don't you in this de-
pate refer to the prosperity of this coun-
try from 1873 to 1895
The woEd tramp" was coined in
1873, and the United States census
shows that depression has been increas-
ing at a disproportionate ratio. So
has the number of penitentiary con-
viets, persons confined in all classes of
prisons. insane asylums, and of suicides,
No. don't you refer to the prosperity
hat has built up millionaires and multi
millionaires and strewed this country
with millions of tramps and paupers
and men that don't know how they are
going to provide for their families in
the coming year (Applause)
Referring to that table last gave
you, the foE nth column gives the
worlds quantity ratio between gold and
silver produced in the world. The fifth
column gives the commercial ratio. Be-
tween 1915 and 1860, the quantity ratio
was SO 6-1O of silver to 1 of gold. Be
tween 1881 and 1900, it was Sc $40 of
silver to 1 of gold. From that time on
/ down to 1850, the relative proportion
fuctuates. For 1901 and 1910, it is
so $40 of silver to 1 of gold.
By 1850, a sudden change sets in and
the relative quantity that year is only
IA $40 of silver to l of gold BY 1855,
the relative production has fallen to
only 40 of silver to 1 of gold. Then
it rises again, and in 1898 it is IS 6-10
If cil 70 I If IN 81 h.
period of demonstration, it is II $40 to
1 of gold; less than Is of silver to of
gold at the very time of demonstration.
This table covers a period prior to
1873 of 32S years. In that time the
quantity ratio between the two metals
fuctuated, as we see, enormously, from
IS to 1 to to 1, and yet the CONNER
eial ratio hung tenaciously to the legal
ratio. A change in relative production
had no effect as long as the minis were
open to the two metals. (Applause)
Corrects Mr.. Harvey.
Mr.. Horr-I desire right now to see IL
I can state my proposition so plainly
4 that brother Harvey will cease to mis-
/ quote me, or attempt to drive me into
I position which do not occupy. have
was not on account of it's over-produc-
ton, I have never intimated anything
of the kind: and in order that you may
4 understand me, and have it last over
/ twenty-four hours, I will tell you now,
silver has become cheap in this world
just precisely the same as wheat and
iron and zinc and lead and other ar
ticles have been cheapened just pre-
cisely for the same reason. (Applause)
/ want to state this proposition: All
of these articles have been cheapened
by the natural laws which govern the
production of every substance known to
the producers in the " orld.
Mr.. W. D. Wilcox, OF Chicago-How
about gold?
Mr.. Horr-Gold the same. l am glad
you asked me. That is question l will
answer right now. Gold has depre-
ciated in value in less than 100 years so
per cent. 1t is cheaper now than it was
in 1873. All articles that can be pro-
duced by inventions are cheaper than
they were before the invention was
made. Every method which brings
machinery into play and puts less
human toll into the production of any
article cheapens that article. The
whole trend to civilization is to
cheaper human products, gold as well
as silver and wheat. A large number
of the articles to-day produced in the
world have not been decreased in value
at all by the characterization of silver,
simply because the laws of production
have crowded down the price. How do I
know that gold is cheaper than it was in
1873? l will tell you. Now listen lad
dressing Mr. Wilcox; you are younger
man than 1 am, and you have a re-
spectacle FACET wish / could say as
much for the crazy man beside you.
AS to the measure of value by human
toll: The rate of wages, the amount
of gold that man can get for a certain
number of hours work, tells me
whether gold has decreased in price or
not I can get to-day twice as much
gold for a days work following the
GLOW as did in 1849. The people of this
country are paid in gold for their work.
so they were in 1850. Wages are 20 per
cent higher, paid in gold, for the same
amount of work than in 1860. Has not
gold deprecated then when you meas
ure it with the great commodity of
human toll?
what uHu idbll Win Is, that the
silver men invariably leave out of their
calculation this article of labor, and tho
article of labor is the greatest known in
the civilized world You think for .
moment. Do you know how much
would have to be produced in this great
! nation of ours to supply the necessitiei
! Of life before we accumulate property
at all? Before there is anything left
IF accumulated capital this nation alone
has to be supplied with $4,000, 900 600
Of products. That much has to be pro-
1uced by the workers of this country
to supply the consumption of the peo-
> Mo ConSnnr1ortIr. the question of hnEu