The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1895-07-27
"Coin's" Financial Theories the
Basis of a Discussion.
THE GREAT DEBATE NOW ON
MIR. Horr Claims lie viii Disproye Every
Argument in the Widely Read
Book

Chicago, July 20.-The crucial point
was reached today in the Horn Harvey
debate when Mr.. Horr. breaking away
from long continued discussion of the
circumstances surrounding the enact
ment of the law of 1873. stated compact
ly his version of the existing condi-
tons of debate. and then plumed the
main question: fought we again to
throw open the minis to the free coin
age Of silver?"
He said: There are things about
which Mr.. Harvey and myself differ
and some which we agree on. We both
agree that since the resumption of
specie payment the domestic and inter
national business of this country had
been done on a gold basis. We agree
that France, Belgium, Switzerland,
Italy and Greece are all today gold
standard countries. There is no dis
pute between us that British America
and Australia are also gold standard
countries. We agree that Mexico,
China. Japan and several of the repub-
lies of South America are silver stand
ard nations. There is no nation on the
face of the earth today that is actually
using the double standard. Mr.. Har-
vey claims that the law of 1873 was
secretly and fraudulently passed. 1
have denied it and still deny 1t. We
both agree that the law was passed and
is in force today. Now, the important
question before the American people
at this moment, and the one we are
here to discuss, is ought the law to be
repealed?' Ought we again throw open
the mints to free coinage of silver upon
the old ratio of 16 to 1. when the actual
ratio of value in the markets Of the
world is fully 80 to 1?'
Harvey-When have read the print
ed record of what Horn has just now
said, 1t will be time enough for me
10 take up the new subject. 1 am not
done with the present subject yet. 1
have before me the files of the Chi
cago Tribune for 1873. This bill was
passed In the senate on January II, so
that the morning papers of the 18th
would contain any news showing the
fundamental laws of the government
that had been changed. The only ref
erence that appears in that paper is in
press telegram from Washington,
which is this: mt Sherman called up
the bill to revise and amend the laws
relating to minis, assay offices and coin
age of the United States. which was
amended and passed"
That is all. One of the money metals
of the United States was struck down
by that bill; one of the moneys of the
constitution had been overthrown; the
dollar that had regulated all other coins
had been abolished; the great war debt
to be paid off and one of our money
resources for paying 1t had been de-
stroyed. Qong and continued ap-
plause.)
No information of this fact was con-
veyed to the people but that through
the newspapers of the country. Gap
plause.)
Reporters at Washington did not
know 1t. Congressman as a whole didn't
know It, The money of the people that
had served them well was destroyed
and now challenge Mr.. Horn to show
me anywhere in the newspapers of the
United States during the passage of the
bill which he says had no faint Of fraud
attached to II where the people knew
that any bill was being considered by
congress that was to destroy as money
one-half of the money metal of the
country, or that they had passed such
bill
WHAT HORR WILL DO.
Horn in replying said: "All this talk
about striking down the money Of the
people is merest rot-it is the only word
that exactly covers that kind of bosh.
The money Of the people should be just
as good as the money of the nabob
and before 1 get through 1 will show
the people of the United States that
I have come here to defend the rights
OF the millions who live by toll; whose
wages would be cut in two by the
n Ia xsyTf C1,
advocates. cloud and continued ap-
plause.)
'If Harvey should succeed in proving
that the people of the United States
In 1873 were mostly a set of corrupt
scoundrels and that he is really the
only pure and upright man left in the
entire city of Chicago, 1t will not avail
him anything in this debate. These
questions are not pertinent to the ques-
ton in dispute"
OPENING DEBATE.
The debate prior to running against
the big snag had been full of interest.
Harvey opened the talk with a state
ment of the points so far established.
They were that prior to 1873 gold and
silver were the money of the constitu-
ton. Silver was the unit OF value I'D
to the time the debtor was permitted
to pay in the cheaper money and silver
was not demonetized because of any
Overproduction at the time the act of
1873 was passed.
Taking up the date proper. Harvey
denied that he had any time tried to
impeach the integrity Of the American
people, but he did not propose to allow
corrupt legislators to throw the mantle
of national honesty around them for
their own protection.
The snaa kar racnn-nizad tha i..4o..-s4..