St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-28
PURCHASE VALUE OF GOLD.
EECOINH CALLS HORRsS STATIS-
TICS THE MANUFACTURE
OF GOLD MEN.
MONEY AS 1T AFFECTS CRIME.
The Silver Debater ImpressiveIy
Declares America Is Work.
ing Toward Monarchy.

| contention began this afternoon
Mr.. Horn opened the days talk will
a comparison of the wages and thu
cost of products during the year:
| from 1860 to 1890, as shown in the
table prepared by Statistician Car
roll D. Wright. With wages anG
prices in 1860 taken as the index, OF
100, it showed that in 1890 the prices
were go, wages 159, and the purchas
| ing power of wages 172. Mr.. Horn
proceeded to argue that at no time
in the history of the nation was
the country as prosperous as il
was at that time, in spite of the
crime of '73." He submitted thai
the statistics were more applicable
| to the conditions under discussion
than those of Mr.. Sauerbeck, quot.
ed by Mr.. Harvey on Thursday, as
Mr.. Sauerbeck's figures were made
from prices in England. Mr.. Har-
vey, in turn, took up the matter OF
the prices of wheat for a series OF
years, in reply to Mr.. Horr's state
ment of Thursday that the farmer
had received as much for his
produce in gold as he had
received when silver was de-
| mOnetiZed. For answer he quoted
the prices from year to year. He de-
clared that the arguments of Mr..
Horn were those which had been
used in all time to bulwark tyranny.
| The declaration of independence was
the proper answer to such argu-
mentS. Mr.. Harvey proceeded by
saying that the proper index of
prices was to measure the main
| articles of international use. Tables
made UP by gold men. even on these
articles, showed that they were low
er than in 1850. Referring to Mr..
Horr's argument touching the meas
ure of value in human toll, Mr. Har-
vey quoted from an article by Mr..
Horn in paper, in reply to a cor
respondent, suggesting the making
OF SO much work the equivalent of a
dollar.
HARVEY A SOCIALIST.
Mr.. Horn declared the proposition
absurd and confusing. He said that
Mr.. Harvey had only quoted a brief
extract, and it did not give him
the sense Of the article. The CORE
spOndent replied to did not want
either gold or silver money, but
merely paper based on nothing. 1t
was only another form of the social
| iStic craze, and Mr.. Harvey would
come to that in the end. His disease
had not reached the worst stage; it
would come to socialism and anarchy
in the end. Mr.. Harvey's friends in
the audience broke out in dissent
! at this statement, and Mr. Harvey
| declared that not a word he had
uttered would justify it. Mr.. Horn
declared that the only applause
which his opponent had secured
from his friends in the audience was
when he denounced a large part of
| drels, and had asserted that the
country was going to the dogs. Mr..
| HORT then took up the question of
| banks, which Mr.. Harvey on a form
| er occasion had denounced. He ad-
mitted that therewere corrupt banks,
but the business of banking as car
| RED on was the outgrowth of civili-
zation, and banks were a blessing.
| They made it possible for a gold
dollar to do tewenty times as much
as it could do otherwise. He had seen
| Sl19,O0O,000 of business settled in
three hours in the New York clear
ing house, and less than per cent
OF it was done in money. If it had
been necessary to count all this as
money it would have taken an armv
OF men and long days of work.
DEBTS AND FAILURES.
4 Mr.. Harvey, Replying, presented 2
=; OF failures, showing the failures
IN the country for a series of wears
DE pointed out that during the war
When the circulating medium amount.
eo 10 $40 per capita, failures had beer
c ruIiu t;ea TO a minimum. As the cir
creased. The nation owed it to ifsai-
10 get rid of this great amount 81
pank credit, and substitute money fol
H. n; me interest on ten millions O.
| oeDtS TO the banks was the euuiya len
10 the amount of the annual failures
Mr.. Harvey then proceeded to uuott
| ngureS as to the number and miIea o..
OF railroads. in the hands of receivers
the comparatively larger increa Sc -
tenant farmers over owning farmer
IN 1880 over 1880, as shown by the cen
sus returns, and the great percenta o,
VI housekeeperS who are renters, no
owners. Mr.. Harvey said: IT now
read you from page 262 of the Februa nv
1872 number of Lippincott's Magazine
IN a comparative review of the censll.
OF 1881 with that of 1890. In forty-seyer
states f ana territories the number own
number of tenant farmers increa ser
S99, So. In 1880. 1852 per cent of tn,
farms Tar 3, We're w cultivated by tenants; il
1924, o4.I3 per cent of the farms wer
hlred l refer to this because Mr.. Hor
used some detached statements con
cernlng Minnesota farms the othe,
gay, which must be regarded as yer,
incomplete. / have read you a comma ri
son Of the tables for the whole Unitet
States. (Applause.)
NOT ENOUGH BOOKS FOR TWO
Mr.. Horr-So did 1. Follow it wit
the whole. "-'
Mr.. Harvey-I did not SO understan,
Mr.: 1Horr-Well, you did not rea,
ton. | gave the whole
Mr.. Haryey--Did you have your bool
here-the book you read from?
Mr.. HorrI don't remember abou
that.
Mr.. Harvey-You have not been hav
ing the books here?
Mr.. Horr-Why the bulk of the hook,
L can't get, because you have got then
out of the library and keep them.
have never been able to get them
applause and laughter)
Mr.. Harvey-There are eight ar re-,
public librabries in this city, all havin,
the books that we are using in this de
bate (applause); and the books that
have had here have been on this table
for Mr.. Horr's use if he wanted them
No such subterfuge as that will saw
the gentleman in making quotations il
this. debate, the authorities for whicl
he has not produced here for our in
you, Mr.. Horr, on this subject from
the Census Bulletin Of the census O
1890, now in my hand. I read you thi
paragraph: New York is the con
gested part of a large urban region
and greater New York may NOR