The Dickinson press., 1895-08-10
HORR and HARVEY
SUMMARIES OF THE RECENT Sill.
YER DEDATE.
Each of the Participants Reviews
the Dlscussi0n Which Was Car.-
rled ON for Ten Days, and
Gives His Ideas Of the
Result.
HAVE NOT CHANGED THEIR MINDS

Result.
HAVE NOT CHANGED THEIR MINDS
Both Gentlemen still Have the
Same Opinions as When the
Debate began.
Chicago, Aug.S.-EollOwing IL the SUM.
ming up Of lle Horr- Harvey debate made
by the principals themselves: The sum
mary by Roswell Il. Horr is as follows:
The object of this debate was to le-
termine IL 1t would he wise for our nation
to throw open Its mints to the free coinage
OF silver ut the ratio Of 1G 10 l when the
civilized nations of the world refuse to join
In such action. My opponent proposed to
WoVe that such course is advisable, and
undertook to do 1t ON the lines laid down
In "COin's Financial! School," denied the
Of such action, aud attacked
the teachings Of that book from the title
page to its close. The debate Is finished,
and how does the case stand?
Mr.. Harvey admits that the bOok Is pure
fiction. He repudiates its motto by declar-
Ing that 1t does rot mean What 1t says.
His statement that primary money only is
the measure Of valve lie has not even at-
tempted to sustain, though his proof has
s,s'>.AA
that the people of the tftcerth and six
tenth centuries were In the most 'A.ie.
graded condition of serfdom and slavery"
on account of the lack of metallic money
has been completely demolished.
He based Ills whole argument on the
proposition that the silver dollar was in
1902 made the cnly unit OF measure of val
ue. have shown conclusively that our
forefatbers attempted to established bimct-
aliism and provided for two units Of value,
one OF gold and one Of silver, always nam
ing gold first, and that up to 1894 the sill
yer standard alcne was used. That after
that the gold standard came into use, and
that since that the silver dollar has never
Tor day heen used as the measure of val.
ues in the United States. No nation has
ever succeeded In actually using two stand
ards at tn" same time.
The Law Of '73.
Mr.. Harvey next based his case upon the
assumption that the law of 1873 was a
crime, and stated that 1t had Its origin In
fraud and lts birth through bribery and
corruption. He planted himself upon four
propositions to prove his case:
First, lie claimed that the congress Of
the United States was purchased; that the
passage Of the bill was procured by the
money OF CAPITALISTS of this and other ma
tiOns. Secondly, he stated that the bill
passed both houses all right, and was
changed by some clerk in its enrolment.
He next claimed that 1t was not changed
by clerk, but that the dirty work was
done in conference committee.
He then showed that none of his other
statements were true, but that the work
was done by passing u ''substitute bill"
He introduced no evidence In support of
either proposition. and he stands convicted
Of making every one of those charges with.
out any proof that would be received in
any ordinary court of justice. II the
congress of the United States was bribed
to pass bad bill. then the bill must have
first passed In bad shape Now, II that be
true, then there would be no need Of q
clerk to aid to do the dirty work. If 1t was
done by the enrolling clerk. then 1t follows
that congress passed the bill us it ought
to have been, and consequently they could
not have done what he says they were
bribed to do. Again, II congress passed
the bill all right and the enrolling clerk
enrolled 1t correctly, then the bribery could
apply only to the members of the confer.
ence committee.
Demand and Price.
Mr. Harvcys statement that free coinage
creates 'unlimited demand" Is not true,
because there can be an unlimited demand
for no human productions. His assertion
that the option OF tine debtor to pay In
either metal causes the cheaper metal to
be used Is true. But such option does not
restore its relative commercial value. On
the contrary, it drives the dearer metal out
Of use, just rs it has done in Mexico and
other countries where the cheaper metal
Is to-day the sole currency, and Is not in
creased In value one iota. Another doctrine
Of Mr.. Harvey Is that by the free coinage
of silver In this country upon the old ratio
Of 1G to I, the old price of silver, as com.
pared with gold, will be restored. II it will
raatoro a vH1ua of ailvor will uok IL,
crense prices. He proposes to raise prices
by diminishing the value of the unit with
which prices are measured. Both results
cannot follow.
The Banking Systen.
During the discussion Mr.. Harvey cite.
Roman history, with Its many evils. But
he inadvertently makes an admission as tc
the great value of banking facilities which
refutes ail his other assertions against such
systems. After portraying the bad condi
tions existing In the Roman empire, ht
says:
..It is significant coincidence that the
first glimmer of light only came with ths
invention Of bills Of exchange and papel
substitutes. through which the scanty stocl
Of the precious metals was increased Ii
efficiency"
He said that in connection with a state
ment that ut that time the metallic money
Of the Roman empire had shrunken from
$4,000. 100000 to 20OOOO,O00. Strange Il
did not occur to him that this Is an entire
"give-away" Of his whole rant and fustiaI
against banks. 1t would seem from his owl
statement that the few devices which wer.
in use at that time and which took thu
place of metallic money did wonders f0l
the business of the world. What, then, cal
we expect from the systems Of banking o.
the present day. which multiply more thar
thousand times the facilities for doini
,tn1v l,yNx 20 fhn 0nvH0x
of that age? This admission alone save!
me from using another word In defense o.
the banking systems Of the present cen
tury.
Production Of Gold.
Mr.. Harvey quotes the European geologist
Suess to- show thut the world can produce
only about as much g..id as IL required fol
consumption each year outside IT coinage
He conceals the fact that Suess wrote his
essay several years ago. and that the pro
duction and coinage Of gold in the last
was entirely wrong. The facts are that
during the last three years the world has
produced $47O,OOO,OOO of gold, and during
those three years 1t has coined. exclusive OF
recoinage. over $3.50. O.OOO,O0O. Mr.. Harvey
should have known these facts. Why did
he quote Suess when he should huve known
that the actunl facts proved the statements
| Of Suess to be false?
Mr.. Harvey endeavored to prove decreas
Ing wages in the United States since 1873
He introduced only one statement In sup
port of his position; that was the evidencl
Of u single man for one trade in the cit,
of Omaha. On the other hand, to prove
that they arc advancing, I introduced tn,
Investigation Of the United States commits
sioner Of labor. and Mulhall, who show tina
the average annual wages in lnanufacturin;
intlustr rlcs have risen from $2sS in 1870 t,
S:iG3 for each person In 1880.
Unable to produce any table Of wage
that shows fall since 1870. Mr.. Harve,
in the latter part of his debate tries t
show the falsity Of my position that in nx
Ing the original measure Of value huma,
toll was largely taken into calculation. Di
he succeed? No.
American Indebtedness.
Mr.. Harvey gave the foreign indebted
ness of this country as more than thrt
tines the real amount. He las been r,
pcatedly called upon TO tell when aud ho'
that vast sum reached us No such emo
nous amount could have come without son
record Of the transaction. He has uttcrl
failed to accoun, for the arrival of tn
vast sum; which is confession that h
statement is groundless and only used
misrepresent the condition Of this countr