The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-07-24
HUGGING THE ROPES
Horr Bleeding at the Lungs and
Talking Wheat.
HE DRIFTS INTO CAYUSES
Harvey Promises His Opponent
That He'll Answer His oues-
tions When Time Comes and
Clings to Main Argument.

Chicago. July 23.-The seating ca
pacity OF the rooms Of the Illinois club
was taken up when the Horr-Harvey
debate opened to-day. Harvey said the
amount OF silver referred TO by him
In his book was the amount available
for coinage. For the rest he proposed
to pursue the order OF discussion and
answer questions when ne came to
them. Harvey then exhibited a table
showing the production OF gold and
silver from 17s7 to 1902 and proceeded
to argue that In spite of the wide rela-
tive fluctuations in production, there
had been no fluctuations in the relative
value until after the demonetlzation
act in 1873. He then proceeded to argue
that except in legal ratio weight there
should be no difference in the treat
ment OF silver and gold.
Horr continued his objections TO Har-
vey's statementA In his book. lie took
up the supposltip that the government
wanted 100000 rses. Its competition
would Increase be value of horses as
the coinage of bilver would increase
the value Of bullion Mr.. Horr said
that all that the government did To
silver was to put stamp on the bull
ion and return Z TO its owners. Sup
pose the governn&f fnt should merely call
for 10000 horse& for the purpose OF
anlxing its branp 10 them, and having
done so and retutned thcm to the own
er. would that kncrease the value OF
the horses OF the country?
The horse argument. Horr declared.
was fraud. The speaker then took
| up the matter Of the elements. which
| govern the price OF wheat. arguing that
Harvey's deductions were fallacious.
| Returning to his argument on BIZ
metallism Harvey said that II was op-
ton OF the debtor to pay In cheaper
metal should not be impaired. This
would always maintain parity.
| Replying. Horr took up the question
on farm tenancy. whose growth Hlr-
vey at an early stage of the debate hal
referred TO as bad thing in national
life. Horr declared It more OF good
sign and quoted from statistics gath
cred by the state OF Minnesota. show
Ing the steady evolution OF the tenant
into a land owner. and from other sta
tistics showed that the increase in tho
number Of tenants had been accompa-
MED by decrease In the number of
farm day laborers. The Increase In
tenancy had not been at the expense
OF farm owner, but at the expense OF
the day laborers.
Harvey declined to discuss what he
called The tenancy business" but
promised he would take II up when he
got to 1t. Gold, Harvey said. is now
our measure of values and our repre-
sentative money Is tied to 1t as the
tail of a kite Is fastened to the kite
He then made a short argument show
Ing that supply and demand regulated
the value OF money the same as OF all
other property.
Horr declared Harvey was wandering
from the question In debate. because he
had several times declared that "if the
mints OF the world" would give free
and unlimited coinage OF silver at a
certain ratio it could be maintained
Mr.. Horr said that was not the ques-
tion to be considered at all. He de-
clared that since 1874 the production OF
silver had been steadily on the increase
and that gold has since 1875 been also
on the increase. but where silver in
creased in quantity three times dur
ing that period gold had only doubled
| in quantity.
Harvey then went back to the dis
cussion of primary money as the meas
ure OF values.
Horr said Harvey's definition of pri-
mary money was money OF redemption
| Greenbacks had 10 he redeemed IN
make them good and they cannot. By
any hook or crook. be construed into
primary money Horr declared the
"stufr' he was preaching, as II had
been denominated by Harvey, was up
held by every civilized nation on the
earth. and that only such countries as
China. Mexico and Japan favored the
silver standard.
Harvey said he believed In gold and
silver as primary money to the fullest
extent under the blmetallic laws OF the
government prior to 1873. In relation
to the claim OF Horr, that all civilized
nations OF the earth were In favor OF
the gold standard, Harvey said that all
the civilized nations OF the earth were
at one time slave holding nations and
an individual STAKEHOLDER had made
precisely the same argument advanced
by Mr.. Horr. He then went back to
the credit and redemption Of money,
and declared that credit money NAV
be issued by the government with
safety only in such quantities as will
not embarrass II In case a run is made
on the government, for redemption.
1 ma