The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-05-18

parAlelled In tho west since tho famous
struggle between Lincoln and Douglass
jus. on the eve OF the civil war. To.
nishts combatants were two giants OF
the opposing sides in tho raging tinan.
cal cou,royersy-J. Lawrence Laughlin,
professor OF political economy in tho
University OF Chicago, tho fsyorite au.
.hori,y OF President Cleveland, aud
William H. Harvey, author OF Coins
Financial School"
Not half tho people clamoring TO be
present could have been accommodated
had the Auditorium itself been secured
for the meeting OF tho champions. Tho
spacious rooms OF the Illinois Club on
Ashland boulevard were crowded almost
TO sutiocation when the president, DR..
Homer NJ. Thomas. read tho PROPOSE.
ton to be discussed, as follows:
"R,sO,rei, That the United States
should at once enter upon the free coin.
acs OF silver at the ratio oil l6 TO l, in.
depsndsntly ot the action OF any other
nation.
Mr. Harvey was evidently iull Of sup
pressed excitement when he came for.
ward to begin his address.
In opening for the affirmative. he
said:
The first reason why AN iuiavor
OF independent action by this country
il tuat we should not be subjected 10
the influences Of the governments OF
Europe. II We are right, our friends,
tue mono.ne.allists, mostly say, we ad-
nj, bi-me,al!isn would be good il we
could &c, international bi.me,allism in
other words, they agree that there is
Iomeihing radically wrong, but claim
that We are tied to the financial policy
Q! Europe.
This nation can have an Independent
financial system without any reference
whatever. to the balance OF the world.
Oar coinage has nothing TO do with it.
Primarily the balances OF .rado are
settled with trade.
wASr SILVER THE BASH
There is no such thing a, an interna.
.ional money. What we want is BIZ
netallism, and scientific bl.me.a!li,m 10
this:
~. Free and unlimited coinage OF
both gold and silver; these two me,als
TO constitute the primary or redemption
money oi the government.
to. The silver dollar OF 81 grains OF
pure silver 10 be tho unit OF value and
gold TO be coined into money at a ratio
to be changed, II necessary, from time
TO time II tho commercial parity TO the
legal ratio shall be affected by the
action OF foreign countries.
'3. The money coined from both
metals to be legal tender iu the pay
ment OF all dobss.
II. The option as to which OF the two
moneys i, 10 be paid in the liquidation
oi I debt 10 rest vita tho debtor, and
the government, also to exercise that op-
tlon when desirable when paving ou. re-
dsmpi:on money.
~ would again make the standard
silver dollar the unit OF value. as it was
before 1873 1t would thus be 4 dollar,
and the bullion ia 1t would be worth
dollar. No man would take eighty
cents for it when he could have it
coined a. pleasure into 4 dollar. We
would make gold coins OF tho value OF
so many silver units or dollars, as the
law existed prior TO 1873.
ave would make both legal tender in
:he payment. OF al! debts. We would
allow no private individual to dictate to
the government wha, its legal tender
money should be.
SMOOTH ARGUMENT.
"We would giYc tho opinion to the
debtor il there wa, any preference as to
which ot the two he would uso in the
payment OF a debt. A break in the
commercial parity causes tho cheaper
metal 10 be used. Thl, increases tho
demand for tho cheaper metal. This
incrca'ed demand restores tho value o.
tho meta that had thus fallen below
parity. 10 give the option to tho
creditors causes the lcarer metal TO be
demanded. and /; thu. grows dcarer and
nearer, aud parity "a permanently
broker. When the debtor ha, tho
option, tine two metals will osciIlate
c.0sc 70 parity and substantially at
panty. This oscillation ia tho elasticity
tha' bitnetallism give, to primary
H.'A"y. -cIi.hncss stalkcd into tho
american Congress at Il time when
neither 'Ae!aI was being used ~
''h%'H monrr-our primary money
WAS thch p@i"r moncy--at a time when |
CORRUPTION "aR no in our national
'eE'sih'h'e' Ia. money of tho pcoplc |
was 0c,Airoycd silver nt that timo was
NJ s!Igh! premium uysr gold.
That elasticity which tho alternato
''o OF slITcr with gold that truc hi |
ils'a,l'ati' ''atii' gave to our primary money
"a now absent.
:. ~ So!d was cornercd neither the
thiiea states treasury nor tho debtor
GnhlH pne silver in competition with Il.
''r9 must 20 to tho man who has tho
terms. '"0''
MS rLAS.
Ihn bank Of Rothschild in England
u nos hchInd tho United States ,rcns.
Wy Ih"y arc our financial agents: our
''n"hclal managers. ", aro payiny
E'tm t.ml lNe nrIncely salary of $1,000, 600
~, cNc" 'i1 months Of their valuable
'e''.'h'. We are in tho hands OF tho
,n"hbiokcrS Of Enropc. II IL in this
y. N',. Ei%'torc silver; put ii in compn.
~" N,'I gn'd on i legal ratio Of lG to |
=, ,shaI' nil lOwI allowing a discrilni- |
M..on n,," hnen tho. .twn2mo,als; s,op rold
"'''a "oh being taken. Put silver in