The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-08-01

candy and molasses has increased its
value. The extent to which corn can
be supplied is virtually unlimited, and
with other farm productions unprofita-
BILE, the corn crop will increase and
the price will drop.
In the case of the two metals we are
considering. they differ from corn in
this: The use of these metals for
money, when given full money func-
tons, is comparatively unlimited. The
supply, unlike corn, is limited. Their
geological formation, and the expert
ence of mankind in their search for
and development prove this. The abb
| normal demand for money IN all ages,
now at tension; the fact that tens of
| thousands of men are continually
searching for the metal from which it
| is made, and the further fact that all
| that is now in existence outside of use
full articles and ornaments can, if
melted down, be put into three rooms
of this building, prove conclusively
that the supply is limited
We can, therefore, better understand
the effect to be produced by the United
States throwing open its minis to silver
and comforting upon that metal the full
functions of money when I shall reach
it directly.
Don't Want Cheap Money.
Mr.. Horr-* Now, I ask the
army OF professionals, do you think it
would benefit you to vote down the
| price of the dollar in which you are
paid? They are all paid in money for
their work. Will you be better off by
getting just the same number of dollars
but having them worth just half as
much? Well, they say, we don't want
you to submit that proposition to us.
We fellows that have studied so that we
have got little bit of gray matter so
that it is somewhat active in our brains
you don't want to ask us whether we
will be benefited by making US think we
are getting the old pay, when we are
only getting half as much. Would they
vote no? No doubt about it. They say
we want the best money, the money
that will buy the most of the comforts
and the necessities of life. Aren't
they right about that? next
call up those engaged in trades and
transportation. That includes all the
railroad hands, all the steamboat
hands. That includes all the people
who work in different trades. Type
writer's, men and women, they have
cultivated themselves so they can do
good work and the world pays them for
it. The brakemen-it includes people
who take risks.
Gold and Silver Cubits.
Mr.. Harvey-I wish had time in this
debate to characterize the last speech
of Mr.. Horn as it deserves, but 1 can
only stop now to say that when I said
all the gold and silver in the world
available for money could be put into
three rooms in this building I knew
it would make Mr.. Horr vince. The
statement that all the gold in
the world available for money
can be put in the space of
twenty-four feet is one of the argu-
ments that worries him the most. 1t
it an object lesson, and if Mr.. Horr
were on our side of this case, with his
inimitable wit and sarcasm, he would
go around with picture, twenty-five
foot block of canvass, and he would
have it on every stage where he spoke,
and he would ridicuIe the gold gam
blers of the world until he would satisfy
his audience that the man who would
advocate that that twenty-five foot block
should supply the people of the world
with primary money had a soul in him
no larger than a mustard seed. Gap
plause) There is. great con-
Germ among some of our citizens that
if free coinage of silver is adopted those
holding gold obligations will be paid
in silver, also that gold will leave us,
and a debtor who owes gold will not
be able to get it without paying high
premium in order to discharge his debt.
Both of these questions can be answered
together
Meeting of Values.
Gold obligations shcEld be paid
in gold and not in silver. To
secure the gold with which to do this
would not be so difficult as it is now.
It would operate this way: AS soon as
the United States opens its nnints and
confers on silver the full functions of
money, with the right to no one there
after to make a debt payable in gold
(for under the bimetallic law there
would be no such right, the demand
for gold would be withdrawn except to
pay previous debts thus payable When
you withdraw the demand in such
pronounced way from an article it
must decline in value. (Applause)
With the demand thus suddenly thrown
on silver to supply the United States
with money its value would rapidly
advance. (Applause) You have sud-
denly transferred the demand from one
metal to the other. One must neces-
sarily decline and the other advance
relatively. Hence, you could buy the
gold cheaper then than now. ZAP
plause)