New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-28

s5i per cent of the home iamlae,s arr irh hsbee,
degree Of city home tenancy Is IN New oix, anu =
represened BY @ per per cent Of the families in
| your city are tenants.
HARvEY's REASONING AT FAULT.
| Mr. Horr-A few words on the question OF pahhs.
| To man accustomed to doing business az me
nresent time the present methods or con'uc"ns
commercial transactions are readily understoo".
That the quantity OF gold in the world has not IN
crca sod as fast as the business of toe world has in
| cre,,sed ! admit. But ii does not take as mucn
standard money TO do the same amount of business
foadav as il formerly did. Human ingenuity has
devised methods that 500 in goa WI 90 ,na
Wr Harvey's contention that the quantity OF the
standard money alone determines S ms vS shcb enables
one dollar to do the work that twenty or more oo,-
he metal itself and hence prevents the burden he
talks much about being anything hhe ~ pop,
lion 10 the amount of the business dohe III tnc
world Nincty-nvc per cent of the entire business
in This country is done without the exchange OF
soar S M, sol measure Of value While the
gold Is the measure OF values the Du.ncss u W." ~
money Itself Thus /, is that the work which can
be done with the same amoTm MN o ds af book
keeping and banking. Al this is fer nc beneht OF
the w9r ana n Mr. ary pse 'r rnvSng hat helps
anybody. Go into any community II, t"r "'i,re
United States and ycn viii f"f fal 'n nSmmnnity
for good business ability AMI uprshtnNss 81 cnn mar
in almost every city and village in the United states
This whole system Of abusing everything that helps
to build up community is what enter my pio'e''
against here and now.
EVERYTHING GOING TO THE DOGS.
Mr. Harvey want to say that Mr. Horn has at
tempted TO divert your minds from an examination
of this country it Is now want to say 'hat
history tells yoI that ali republics have fa-ien. IL
S been that he w s9Ps bot '9 That is What We
want 10 do In this cou airy but You WIN never ma
ourseVss to dsgnose tho National disease II your
child is sick and turn your eyes ava! ITon rs
candy. live sweet things, your cniid may nie
but # Won examine 10 what Is the matter. sem
for doctor do what l. nccS'"' you I'm, nav we arr
trying to do IN This DISCUSSION W. love the swcr
have them, and have them psrm@neniy for c y'a'
cation in the United states DO 10; let the sa nsp
men. whom monar; hy becomes a necessity me
OF property the peope s'ncTa M
Of their property gathering to ,n nl,es necns
sv And that 10 the way al. republics nave ave-, oe
come monarchies- appausel-when ina; com scs.
Way Because they have been deprived oil me
neccssaries OF life They become restless. then Zen
statistics in his debate Thcn come poverty and
SUICIDE ans insanity The country goes nrncry I fo
martial law then comes the ncce',y f,r us u. ,n
S SoSe f ana FOX ssanaing army ne last three
weeks. and for the first time IN the history ., me
nGsh Sa Of hs ntea sats to tho
of the Army laying down rules ,oF s2',Im,'N AN
p.auseA We are ircnl!nF 10 monarchy: ana IL Us Is
wrong for Mr. Horr or ony S,9G om net s am
noin.,rg Out; dAppiausn} II You would save liberty
y ,, tbs 1 ro The you 1 ~S OF Enrope You duty
do it. ana it should become yonr pleasure 70 do IL
and 20 do II YOU viii act IKE il'enseh' 'ne'' anu
you viii act like free men. 'ANpiau'''
LETTING HARVEY ENJOY HIMSELF
Mr. Horr-I couldn't stop him. because he was
erioving himself so well lie gets 50 much com
fort out Of Genouncng the human race ihai was
letting him revel in his glory
CHANGING at Mr.. Harveys report OF failures
psrad Nth the failures OF 1885. That Is, they re-
por. the failures q both those yea1s ase yea H Of
fearful panic ! lived during those years: SUI
Tered during those years hTo" somr'nI hsn o. We
then had according Friend Hsrvey, double
had n ap bSns On Saa hs rod sanad
I'm not going TO take the in this debate to ;"ll
Og sSs Te na eH ea TO 'Hf hc pa ." M 49,
the fear OF the business men Of ths coni> ann am
over TO class Of men who were shouting ior Tree
Il. TboT sai h T1' tS See arcs Of Isl 70
1921 5000 or so per capita That was under your
cold s,andard the failures we're ss rN-iha' IS
S q per CAPITA. Applause The; we're Just about
double in 1851 what they were IN 1889
DEMAND FOR MONEY UNLIMITED.
Mr.. Harvey-I think all of the reasonable citizens
In the United States will with that there
u.s. comparatively speaking. an unlimited demand for
money in this country; that we cannot ONLY use
what We have. but that we could use several times
as much ard that most men would stu be asking
for more The history Of all countries is. the more
m9ney they naye ihe morS IGirr,ns ,ns' are yU
by all hes tab.es YOU will study in this debate Is
staple money holding exchangeabc value for long
Ps d12 9i year the va" arIe IN m w sss The
table that presented is 10 teach hs That under
and always will have. Now. ne un;arness OF M.
higher than sngle-standerd prices Ther. was wa. no n,
trouble about the measurement OF vaiue m 1891. IL
stable measurement Of values and The panic dd noi
abou; by Of disproportionatc or ra IL
oa eha" wh "T popa p"e They are virtually stable
The panic Of 1851 about by reason of the bank
want to say something IN this debate on the the
S9 oon b by m H5r lie bases ans prices upon IN
proved facilities Ny claim is that improved faclli-
the s %H S pT % dn r'e the demand FOR thai
regulate tho rrice Of such products Let us make
ceves the voluntary assistance Of her nelghbors 70
raise and harvest her wheat crop: WI her wheat
tty Of wheat in existence known 70 the traders and
the estimated demand for II? No II al the corn orr,
crop in Iowa. would the Iowa corn price he governed
h r coS @ na the It MU spy aa
heavily under the demand that would exist as COM
pared with the supply
THE LAW OF SUPPLY AND DEMAND.
suppose there were demand in tho United
StatesS for 10000 laborers and there were
only 10000 laborcrs. one-haf many
needed. There would he stiff and rapid
advance In the price Of labor. The demand
would be greater than the supply. The quantity
OF wheat in the world and the demand for IL fix
the price OF wheat In the markets OF the world.
and not the cost y production. II improved
facilities however, cause large number OF people
to seek Wheaf -raising vocation. and In that
way an over supply OF wheat is produced the price
viii fall accoun; OF the supply being greater
than the demand. This supply, when greater than
the demand. VIII bring prices down. and when the
demand Is greater than the supply prices will go
up. The cost OF the product has nothing TO do
with IL. man may produce an ounce OF gold
for 10 cents that Is worth go The fact that II
him 10 cents does make II worth iess than so
Money has a price well property. The price
OF money is what you have 10 give for II in prop
erty. and the price OF proneriy IS whit have