The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1895-07-18
ON THE OTHER SIDE.
Statement Made by Mr. Harvey at the
Opening Of the Debate.

Opening Of the Debate.
am here to defend the facts and
principles in Coins Financial School.
am aware that the illustrations in
that book are great aid in presenting
clearly it's views. We find this true in
our schools. Many scientific works
rely largely ON illustrations, and our
newspapers find that illustrations make
plain many ideas that could not other
wise be clearly expressed, and yet am
here to defend orally those same prin-
ciples. expect to make good, in this
debate. the following propositions:
l. That silver and gold are the
money of the constitution; that the
silver dollar was the unit of value in
our coinage system in this country
from 1892 to 1878, just as the yard
stick was the n.easure Of length. That
gold was measured in this silver unit,
and concurrent. coinage given to it
(gold); that silver and gold combined
constituted the legal standard of value
in this county till 1868; silver measured
gold; the two together measured all
other property.
2. That the act of 1878 was surrep-
titiously passed.
3. That during the period 1892 to 1878
the minis were open to the unlimited
coinage of both metals into primary or
redemption money, and that both were
treated as such. That during that
period people had a right to have either
metal coined into full legal tender
money, and that the option was with
the debtor to pay in coins of either
metal.
The Bimetallic System.
4. That this bimetallic system made
an unlimited demand for both metals
to be coined into money, increased the
demand for these metals, and so long
as this law authorizing anyone to coin
37l11 grains Of silver and % 10 grains
of gold into dollar, there was no one
willing to sell either for less than a
dollar.
8. That the option to pay i'll either
metal caused the cheaper of the two
metals to be used, and transferred the
demand from the dearer to the cheaper
metal, and restored its relative com.
mercial value. We are for both silver
and gold. We are called silver men
because we are defending the metal
that has been demonetized.
8. That it is to the interest OF the
United States to act Independently in
the RECOMMENDATION of silver at the ratio
to gold Of 10 to l, without waiting for
the action Of any other nation.
Z. That recommendation consists in
the use Of the dearer of the two metals
to the exclusion Of the other, rs pri-
mary or redemption money. That mon
ometallism is an experiment on trial
for the first time in the history OF the
world, and began with the period 1873.
That it is impractical and impossible
as stable money measurement OF val.
ues; is not based on scientific financial
principles; is in the interest OF the
money lenders, and against the inter-
est Of the property owners and laborers.
=. That the, gold unit, as the meas
ure of values, with no concurrent COIN
age, or another metal to assist 1t IN
performing the functions OF primary
money, has caused the fall In prices, as
compared, with 1872, when the worlds
prices of.pyoperty were measured III the
money mass Of both metals. That Oil
prices Of property and labor have de-