Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-07-30

DEBATE AT AN END.
Last Day of the Silver
Argument.
MAKE FINAL SPEECHES.
The Two Champions Discuss hide.
pendent Action on the Part of
the United States
MAKE FINAL SPEECHES.


The DAYS attack wns directed at the
QUESTION o. the feasibility OF Independent
a m.ln ny ths Unified, States for the remone-
llzatlon OF silver and Its free and unlimited
coinage at ratio Of 10 10 /. regardless OF
Va" ueis oi o,hcr natons, Mr.. Harvey. ar
+ Co, For such aetlon Mr.. llGrr against It,
" HSt, .'hS Int that the figures for the
price ~ Sta, referred 10 by Mr. Har-
StoSHsn For andHw%sesal t ha5 The the, tineta-
NAL ones in y,cw 20 supply IAN aud demand ana
and showed that saver IpgislatIng had
noll'lng 10 do with the matter. The fact
silver legislation had affected the price OF
agricultural products.
Replying, Mr.. Harvey said that he had tax.
en- NE iiglfes US published and attributed
TO Mr. Wright Taking up the regular dis.
sussion Mr.. Harvey presented table show.
,nS me coinage, of golf and silver from
gold did not seek the mints for the first
my years OF the nation aud that silver did
not from that time until isgi,
Mr.. Horn declared II was useless to try TO
nN the relative value of amy two substances
by legislation suppose congress should
try 10 hE the relative value OF bushcl Of
wheat and u bushpl Of oats. As soon us one
OF them had a large crop up would go tile
ratio and legislation by the nations OF the
Wptlu would not maintain the ratio any
more than II would make water run vi
hill.
MIR. Harvey said that when he reached
the matter contained In Mr., Horr's last
lhlh nv luuuEHl MS llihfNtN 81 answer
would be satisfactory. Continuing his line
OF argument Mr.. Harvey quoted estimates
Ms 10 the consumption of guld for moment
In the arts and otherwise, one for boarding
Ia the erect that these uses clunled, II
they did not exceed the production, ~
that the amount Of that metal for coinage
was at standstlll or decreasing
Mr.. Harvey then took up the question
as to what Is becoming OF the silver being
produced at present. He first quoted state
ments by authorities that the Increase Of
thn la tn Ilaf uEIl had lar
that there was always a rldlculously small
supply In Europe. and there was demand
for practically all of the output Of the
United States. Proceeding MIR. Harvey
said that gold was irregulnrly produced
and was boarded by the rich. Silver, on
the contrary, when more valuable thnn
gold was boarded by the mass OF the pcO-
pie, thereby comforting general benefit.
1t was for this reason that silver had been
more stable metal IN the past than gold.
Mr. Hprr snid MIR. Harvey had the unfor-
tunate habit of comparing things which
had no relation. That was the matter
with his argument on gold and silver. The
cubic space which they would occupy had
nothing TO do with their value Hesumlng
his argument aud referring to Mr.. Haryey's
statement that the reconciliation OF sill
yer would reduce debts one-hAlf MIR, iIOrr
said that by far the largest mart of the
debts IN the United States were ess than
one year old. The long time debts We're
those OF large corporations. The short
time debts were contracted under exist
lug gold basis. and TO reduce them one
half would be- to repudinte them one half.
Mr.. HaUey's proposition wonld simply
been thought that It was possible TO clip
money without injuring anybody. That
had been proved ihllncious He declared
that cheap money could not be substituted
for good money without lnjuriug the mass
" the people. The people who would proht
by such change would mot be the rch
but the money changers. Mr.. Horr then
proceeded to enumefhte the classes OF
people who work for their living, arguing
that they would be Injured by cheap
money.
Resuming his argument MIR, Harvey said
the gold advocate feared that debts con-
traoted In gold would be paid In silver and
the men who had stipulated to pay gold
would have TO buy Il at n premium. This
was fallacious. As soon as silver was re-
monetized no man could stipulate for pay,
ment In gold; the demand for gold would
decrease: at the same time the demand for
silver would Increase and soon the differences
between the metals would be wiped out; soon
the purchaser would be able % get more in
gold for wheat he had TO sell than now lie
declared that II was not the stamp on the
coin which gave II value but the making OF
a new use and new demand for IT,, II at
tho next general election bi-metallic con-
gress should be elected the rubieon would
| be passed the next day, silver would at once
begin to appreciate and gold to depreclnte
and they would be at parity before meet
ing OF the congress and the greenbaek dollar
| become equal In value TO the gold dollar be-
| fore tho resumption act came into force.
Mir. norr. resumlng, reiterated the state
ment that size had nothing TO do with value.
| A diamond worth 81 100000 could be put Into
a quaiis egg. lie then continued his
| enumeration OF the classes OF people whom he
| declared would be ruined by cheapening the
| measure OF value They included day labor
ers clerks photographers. railway employees.
| domestic servants, iRnitnrs and scrub women.
| skilled labor Of all sorts. agricultural labor
| ers. miners and the like Ia the aggregate,
| ~ 1876. dG1 in number. In addition to these ne
| spoke of the pensioners OF the government
making touching reference In doing 80 70
| the empty sleeves OF the veterans and black
| robed widows In number one million. u was
| proposed To cut down tho pension rolls by
destroying the value o. the money IN Nhleh
| they would be paid. II this law was passed
| their pensions must be doubled or the nation
| dsgrnced. In addition 70 these, nearly h'VV9.-
600 people had their little savings n saw
lngs banks whom II was proposed to defraud
| Of pne-half Of their little aceumnlations.
| Taking up this argument Mr. Harvey said
that under free coinage, goid wIaiu ueen,ne
| IL was claimed that u silver was granted free
| coinage our securities would be thrown over.
| The rule was that securities were not lhroMn
| over on advancing prices. Uoid was me
| article to get rio OF, Tor u would al once ne.
| cline he declared Mr.. Harvey asserted that
| the deuunda OF business In this country
| would absorb All the silver available for
coinage II all the gold and silver IN the woria
WAS sent to our mints for coinage; u wonla
be to the benefit OF the United States and we
injury Of the rest OF the world Money In
circulation made business, he said Just ns
lie does not make blood. but blood makes
Mr.. uorr resuming his argument. aftes 4
little handinage, sald that the savings PAN nins
aonosi,ors had g. 5i2. ooO,Oo0 on deposit which
Il was proposed 10 cut IN two. Building and
liam associations had .2lbvOJ dep0stors WIN
m aegrcratc Of tsg5 ts2 100 due them, IN
addition 10 thcse, we're the trust colnPanlses
lie Insurance ,ompanieS and safe banh.
aiI OF which was to be allowed 70 pay "
depreeiated money. And the monoy IN "
rrad,ctE n every man and woman IN ms
United states was 10 be halyed In yalue ~
o. this was Tor the benynt OF imsnp sno ~,
worth halt As much ss the egg: EARN , saa
skon, equal ia yalus 10 the peanut croP
nut the worst features, he asssf'eI. No u,S
~ ,he destruction OF all credit. y Nogl l.
hiring about the worst panic me nAiion ~ =,
saw The paral,ris Of bnslnehs N1 s ~ y,
sannie,e for Us per cent Of the business u
~ world was done on credit .,..,.
~ Harvey replying said mat .houA1,n !,
os men ma hsen fihaneially wrecked ., MI
inability to keep up teslr ,s is 'h NV bui
pn.. ,sarre ,rinie than that of 1876 anu w IN
vas thai Of ,hs man who e, ailnve ana NJ,
sse.nders of silver meant re2udmuoh- ~ ~
thauLed Mr.. flofI for the hiushsis Nv .ini,ei