The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1895-07-26
BIG FINANCIAL TALK.
Horr and Harvey Continue to
Draw Large Audiences.
Gold Standard Advocate Declares Coins
Horse AEgua'snt Is Fraud-DihsFsnCs
Between Primary and Representative
Giensy Discussed.

CHICAGO, July 24.-Ihe seaElng Ca
pacity of the rooms of the Illinois club
was taken when tbs Horr-Harvey de-
bate opened up Tuesday. While the
size of the rooms does not permit Of a
large audience the officers of the club
are compelled to refuse many applicants
for seats.
Mr.. Harvey said that the amount Of
silver referred to by him in his book was
the amount available for coinage. For
the rest ne proposed TO pursue the order
of The discussion and answer the ques-
tiOns when he came to them. Mr.. Har-
vey then distributed a table showing
the production Of gold and silver from
1892 to 1892 and proceeded to argue that
in spite Of wide relative fluctuations in
production there had been no fuctua-
tons in the relative value till after the
decentralization act in 1873. He then
stated that except in the legal ratio of
weight there should be no difference in
the treatment Of silver and gold. He
said that the government was the
creator Of money and had the right to
regulate tbs thing created to the extent
Of fixing relative ratios, but it had no
right to take from the legal tender quail
ity of any money created.
Calls the Horse Argument a Fraud.
Mr.. Horr continued his objections TO
Mr. Harvey's statements in his book.
He took up the superstition that the gov
eminent wanted 700 horses. It's
competition would increase the value of
horses; that free coinage of silver would
increase the value of the bullion. Mr..
Horn said that all the government did
to silver was to put a stamp on the
bullion and return it to the owner.
Suppose the government should merely
call for 100, 900 horses for the purpose Of
afixing a brand to them, and having
done so, should return them to the
owner, would that increase the value of
the horses Of the country? The horse
argument, Mr.. Horn declared was
fraud. The speaker then took up the
matter Of the elements which govern
the price Of wheat, arguing that Mr..
Harvey's deducti ons were fallacious.
Mr.. Harvey said that this government
had fixed the price Of gold, and all the
friends Of silver wanted was for it to fix
the price Of silver, in the belief that the
nation could better keep out of the pawn
brokers' hands with two metals than
with one. Returning to his argument
on bimetallism Mr.. Harvey said that the
option Of the debtor to pay in the
cheaper metal should not be impaired.
This would always maintain a parity.
If the creditor were given the option of
the money in which he should be paid
he would demand the dearer money,
thereby increasing the demand for that
money and decreasing the other, thereby
widening instead of narrowing the dis
parity. Continuing Mr.. Harvey de-
clared that all nature was bimetallic.
Man had two legs, two arms, two eyes,
two ears. He declared there was avail
able for coinage in the world Is ounces
Of silver to one ounce Of gold.
Replying, M. Horn took up the ques-
ton of farm tenancy, whose growth,
Mr. Harvey, at an early stage of the de-
bate, had averted to as a bad thing in
national life Mr.. Horr declared it
good sign and quoted from statistics
gathered by the state Of Minnesota
showing the steady evolution Of the
tenant in the landowner and from other
statistics showed that the increase in
the number of tenants had been accom-
panied by a decrease in the number of
farm day laborers. The increase in
tenancy had not been at the expense Of
farm owners, but at the expense of day
labOrers.
Two Kinds Of Money.
Mr.. Harvey declined to discuss what
he called "The tent business" but
promised that he would take it up when
he got to it. He then went on to say
that there are two kinds of money in the
general sense in which the word is used;
one being primary money and the
other representative money, or as he
would call it for the purpose Of debate
''credib money" This latter kind of
money is divided into paper money and
token money, which includes copper
cents and nickel 5 cent pieces. Nc at
tempt is made to maintain the CONNER
cial ratios Of these metals at any ratio
with the metal out of which they are
made. Token money is used to pay for
articles, the price of which is less than
values at which we coin primary money.
In relation to the claim of Mr.. Horr
that all the civilized nations of the
earth were in favor of the gold standard,
Mr.. Harvey said that all the civilized
nations of the earth were at one time
slave holding nations and the individual
slave holder had made precisely the
same argument advanced by Mr.. Horr.
He then went back to credit and re-
demption money and declared that
credit money may be issued by Che
government with safety only in such
quantities as viii not embarrass it in
case a run is made on the government
for redemption. If the government re-
quires redemption money it can feat
bonds among its own people to the
full amount necessary to obtain what
primary money it needs. No govern
ment should ever borrow from the PEG.
pie Of another nation. To do so was a
confession of monetary weakness. No
government, be declared, should issue
credit money in Quantities beyond the
amount Of primary money among It's
own people, and it shonld have no
money in the treasury except for its
current expenses and improvement. Ths
money should be among the people.
This closed the debate for the day aud
en- adjournment was taken until ThsEs-
day.
right Declared 3 Dysg.
WASHINGTON. July 24.-Van Hest
Marshall fight declared q draw at ibs
end IF the tween tr-f,rzt round