The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1895-08-10
lllh1Na UP.
Ane( 1hstaIlment OF the Horr-
Harvey Debate.
The Disputants Give . Summary Of what
They Said In Their Late ssriai-Rs-
vising the Proof. 10 20
speak-Ths End.


visinG the Proof. 10 20
speak-Ths End.
Summarized.
CHICAGO, Aug. when the Horr-
Harvey silver debate was in progress
1t was arranged that each of the dis
putants should, within ten days after
the close, give to the public q summary
of his views in not to exceed 2, 500 words.
This summary Is given to the press a.
follows:
Mr.. Horr said: The object Of this de-
bate was to determine II IL would be
wise for our nation to throw open its
mints to the free coinage of silver at
the ratio of 10 to /, when the civilized
nations of the world refuse to Join in
such action. My opponent proposed
to prove that such course Ii advisable,
and undertook to do 1t on the lines laid
down In Coins Financial School"
He based his whole argument ON
the proposition that the silver
dollar was In 1792 made the on
ly unit or measure of value.
have shown conclusively that our fore
fathers attempted to esta ablish bimet-
allism and provided for two units Of
value, one Of gold and one Of silver. al
ways naming gold 6rst, and that up to
1884 the silver standard alone was used.
That afterward, the gold standard
came into use, and since that the sill
YER dollar has never for . day been
used as the measure Of values In the
United States
Mr.. Harvey next based his case upon
the assumption that the law of 1873 was
q crime, and stated thatit had its ORR
gin in fraud and its birth through
bribery and corruption. He placed
himself upon four propositions to prove
his case:
F,rst-Hs claimed that the congress
of the United States was purchased;
that the passage Of the bill was pro.
cured by the money Of capitalists Of
this and other nations.
Secondly He stated that the bill
passed both houses all right, and was
changed by some clerk In its enroll
ment. He next claimed that Il was
not changed by . clerk, but that the
dirty work was done In conference
committee.
He then showed that mono Of his
other statements 10 true, but that the
work was done by passing ''substi-
tute bill"
He introduced no evidence in sup
port of either proposition. and he
stands convicted Of making every one
of these charges without any proof
that would be received In any ordinary
court Of justice.
Mr.. Harvey's statement that FREQ
coinage creates "unlimited demand" !"
10 not true, because there can Be- IN
unlimited demand for no human pro-
ductionA
The other doctrine Of Mr. Harvey IL
that the free coinage Of silver In this
country upon the old ratio Of 10 70 1,
the old price of silver - compared with
gold. will be restored
| Mr.. Harvey virtually admits that the
action which he proposes will put this
nation on . silver basis and drive gold
out of this country.
Mr.. Harvsy's uammsry.
Mr.. Harvey said: The debate settles,
in my Judgment, the following propo'
sitions:
First-That gold and silver IL 'ths
| money OF the constitution.
Secoud-Thst the silver dollar was
the unit Of value in our coinage sys-
tenn hxed by the act Of l79a.
Third-That silver and. gold bosh
| were the measures of value of all other
property till 1873 and the debtor had q
right to pay In either metal
Fourth-That the act Of 1879 VA
surreptitiously passed.
Fifth-That for all tine Of which we
have knowledge gold and silver were
treated equally rs money; both had
. right to enter the mints In all the
countries of the world until 1915
when England closed her mints to sil,
YER, and 1874, when the United States
GERMANY, France and the Latin union
followed, and until ls73-4 the CONNER
cial value of the two metals were sub
stantislly 1T . parity with the legs
ratio.
Sixth-That prices Of all property
are now measured In gold slone, and
are substantially at the present tint
one-half what they would be under tn,
bimetallic systsm. Mr.. Horr frequent
ly In debate substantially makes thi
admission.
Seventh-That there were Sl4S. 900, 90
In silver coined at our mints prior h
1873. all Of which coined prior to iss
was primary money. and since 1883 tn
silver dollsrs were primary money, an
by virtue of the right of silver to b
coined into primary money througl
the medium of silver dollars, the Who'll
volume of the silver supply was behin'
our monetary system, was exerting II
influence as q measure of value. an
stood ready to be coined and to shar
equally with gold the demand 70
money.
Eighth believe those who rea,
and carefully digest the debate VII
conclude that have made good all tn
propositions set fourth In my openin
statement.
In the few words left to me I wan
to say that II the world, time out q
mind, has had business panics an
most mems and women's lives hav
been full of trouble In scquirin
the necessities and comforts G
life, that our present civilization hs
: not removed the possibility Of thes
recurring panics. and that to q lsrg
majority of the people ON this cart
their almost exclusive attention an
labors are given to acquiring livin
with, in most instances, indifferer
. and discour raging results, will be ~
mitted by everyone.