Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1895-08-03
More Points In the Silver Debave
at Chicago.
Primary Money and silver Coinage the
Leading Features Under Discussion
Wages and Products-Close
OF the Debate.
Primary Money.

was primary money, the measure
of values being paper money itself.
In 1894 we had n per capita
circulation of Saia3. lie then
said: Now. you will all say that
the quantity of money IN circulation
affects prices. You have more money,
primary and credit combined, In
circulation in 1884. per capita, than
you had in the two years named
previous to 1873, and yet prices were
higher then than now. Why? Be-
cause there was more primary money
per capita in circulation ut the two
first named years than there is in the
last named year. 1874. OF the s2i per
capita in circulation of all money in
1904. only about SIS is primary money.
while in Isl, and 1872 there was Sis
primary money in circulation per cap
ita."
Mr. Ilorr said Mr.. llarvcy's definition
Of primary money was money OF re-
demption. Grecnbacks had to be re-
deemed to make them good, and they
could not. by any hook or crook, be
construed into primary money. Mr..
Horr then said: Now. in 1870, we did
return to specie payment. we did make
our greenbacks and all our money as
good rs the best, and Brother Harvey
and his whole crowd of followers and
adhercnts were going upand down this
country stating that il we undertook
to enforce that act we would ruin the
business of the country. l know they
said il, because | heard them do so.
They believed II. just rs Harvey does
now"
Silver aud Gold.
CHICAGO. July aG-ln the Horr-liar.
vey financial debate yesterday. after
discussing the question of primary
money. Mr.. Harvey continued:
The amount of gold in the t1i'cl
States was estimated ut from iit',y0'.-
900 to 5000. 600, 600. and of our cr' ut
money about $1,000. 100000. l'.> WIS
too much credit money, he sal. and
accounted for the country's financial
arrangement. The remedy was to in
crease the primary money h. remone-
tizing silver.
Mr.. Horn replying, calie attention
to q misstatement of the coinage Mt the
Carson City mint. Instead of s4l2,40s
the actual amount was sla,4 Mr..
Harvey said that he had mistaken the
dollar mark for figure and admitted
his error.
Mr.. Horr continued by saying that
up TO the present Mr. Harvey had not
said single word in proof of the ac-
tual subject of dispute. lilo had argued
at length that the aci of 1873 was con-
ceived in sin and brought forth in cor
ruption, but had not brought forth
any proof and could not; 1t did not en-
list. History showed that variation
of per cent. between the commercial
and legal ratio between gold and sill
yer always drove the dearcr metal out
of the market Now, with differ
ence of 80 per cent, what evidence was
there that concensus Of the civilized
nations - England excepted - could
bring them to parity? Much less, how
could the United States alone do II?
Mr. Horr declared that Mr.. Harvey's
object was not so much to build up
silver us to put down gold, Us was
shown by his provision for reducing
the size OF the gold dollar.
Mr. Harvey, referring back to the
silver coinage between 1858 and 1873,
said that the silver coined at Phila-
delphia was coined into subsidiary
money, not dollars He added that
Al. -
at London, that transportation
charges would more than eat that up,
SO the bullion owners In this country
would take It TO the minis for coinage.
labor aud Wages.
CHICAGO, July 20.-The last day but
one of the Harvey-liorr silver conten-
ton began Saturday afternoon. Mr..
Horr opened the days talk with COM
parison OF the wages and the cost Of
products during the years from 1860 to
1890 as shown in table prepared by
Statistician Carroll ID. Wright With
wages and prices In 1860 taken
as the index or 100, II showed
in 1890 prices were Dc; wages
1850, and the purchasing power
OF wages IT, Mr.. Horr proceed
ed to argue that ut no time in the
history of the nation was the country
as prosperous as II was ut that time,
in spite Of the ''crime OF 1873" He
that these statistics were
more applicable to the conditions
under discussion than those Of Mr..
quoted by Mr.. Harvey on
us Mr.. Sauerbeck's figures
were made from prices In England.
Mr.. Harvey, IN turn, took up the
matter of the prices OF wheat for Sc
ries of years, in reply to Mr.. Horr's
ON Thursday that the farmer
had received Us much for his product
In gold Us he had received before silver
was demonetized. For answer he quoted
the prices from year to year. Mr.. Harvey
proceeded by saying that the proper
Index of prices was to measure them
In articles Of international uses. Tables
made up by gold men even, on these
articles, showed that they were lower
than in 1850 Referring to Mr.. Horr's
touching the measure OF
value In human toll. Mr.. Harvey quoted
from an article by Mr.. Horr in paper
In reply to correspon dent suggesting
the making of so much work the
equivalent of dollar. Mr.. Horn de-
clared the proposition absurd and con-
fusing.
Debate closed.
CHICAGO, July 30-The r-Harvey
debate closed yesterday with discus
sion of the silver and gold products
and the feasibility Of free coinage.
ave had an epidemic of dyseutery
In this vicinity last sumner" says
Samuel S. Pollock of Briceland,
ri ar .,,oa taLan NTH n and afIf-