Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-07-17
THE DEBATE OPENED
Champions of Silver and
Gold Meet
IN INTELLECTUAL ARENA.
Ex-Congressman Horr and W. H.
Harvey Commence a Ten-Day
Argument on Finance.
IN INTELLECTUAL ARENA.

The field oil e.. f-12.G gold With its
magnificent chlvalry wis 0utrlvalled In
CnlcIgo today In elaborateness OF arrange
meuts at least and the celebrity of the
combatants. The majority of spectators
present were persuaded rightly or wrong
~ that the up-to-date tournament euualled
II 1t did not surpass the famous occasion
when the knightIy champions OF Old chal-
lthgtd tue attention Of thristcndont.
No such dig tnlk'' had ever been plan
ned before, Il 10 ciuimod, ms the ten
days go.as. you-please between the chosen
representatives of the opposing sides Of
the money question-ltosweli q. hOrr and
William II. Harvey.
1t was about . O'Clock when the willy
congressman from Michigan. now a resi-
don't OF New York. aud tue sharp Colorado
newspaper man, now Il citizen OF Chicago
sgniued TO the judges and the select audi
cuce present by invitation at the Illinois
club ON Ashland avenue that all was IN
readiness for the successive 1000 word
brOnilsides with three minute rcgoindors
were to last three hours day Tor ten
successive days. The Judges were Hon.
IL. G. Miller aud Judge W. a, Vincent.
Mr.. Horr spoke iirst. lie said;
Gentlemen; II Is agreed between MIR,
Harvey uul myself that previous TO enter
Ing upon the general discussion each OF us
shall make BRIEF statement defining In
general way the position he proposes 10
occupy IN this debate.
Tho question Of finance is very complieat-
| cd one, and there are some features OF II
| about which the ablCst men OF the world have
| been differing for years. The foundation OF
the discussion upon which we are about to
enter is small book published by Mr..
| Harvey and entitled Coins Financial
| school, The real aim and object OF that
| book Is to convince the people OF the United
| States that this government should alone at
| once enter upon the free and unlimited coin.
age Of silver upon the ratio Of 10 to /. The
| wisdom Of such a course dispute; Mr.
Harvey will still maintain the affirmative
| Of that Issue.
am not an opponent Of bl-mQtarllsm
| hpl pf M q un
| money to the iulleat extent that can be done
on sound business principles. believe that
both gold and silver are the natural money
Of the world. That in all the larger tranlac-
| lions gold is better adapted to the needs Of
| the people than silver that all the smaller
| business transactions OF the human family
| for many years have been and HlWays should
| be conducted with silver | have always
| entertained the hope that the business mon
| Of the world would yet come together tn an
| international convention and agree upon some
| basis whereby gold and silver can both he
| used as the money Of final settlement among
| the people Of the entire world. l do not be.
Ialicya that silver has ever been demonetaed
| anywhere in the world. believe that the
| law OF 1873 which Mt; Hatvey's book de-
| nounces as "urlme" honestly con-
| cciyed. openly advocated and passed by the
] American congress after full elaboration
| and because the people at that time who
| held seats in tho AmerGBn oongrsss ho-
| loved that such law ought to be ennctod,
| do not believe In the tcachinga Of dis book.
\ that this nation is on the verge OF financial
ruin or that starvation Is staring our poo
| pie in the face.
| believe that the American nation should
| have jus, as good money as any nation uses
| on tho face Of the earth believe that every
| dollar paid to poor man for his daily toll
| should be worth as much as the dollars
| puid to the men who are rich. would
| have the money which measures value tho
| most stable that could be desired and would
| insist that buyers and sellers, lcucers and
| debtors shall as near as possible be required
| to use the same measure OF value ard shall
| insist that reputation in all forms Is dis
| graceful and dishonorable In the ease OF ma
| Tons corporations or individuals. What our
| people need is good money good principles
| and sound business sense.
MIR lIarvcys opening statement follow
| ed. He said:
| am here to defend the facts aud prin-
| clples In Coins Financial School. 1 am
aware that the Illustrations IN that book
| are n great aid IN presenting It's views.
! expect to mike good In this debate the
l. Tint silver and gold are the money
| of the constitutions; that the silver dollar
| was the unit Of value In our cllnage sys-
| tom In this country from l1O2 to 1873,
JUST as the yard stick was the measure Of
length
. rhat the act Of 1873 was surreptitious-
| ly passed
B. That during the period from 1872 to
, 1873 the hints were open to the unlimited
+! coinage of both metals Into primary or
! redemption money and that both were
! treated rs such. That during the period
| people had a right TO have metal coined
ton was that the debtor pay In coins OF
either metal,
| A. Tint this bimctallc system mnde an
unlimited demand for both metals 10 he
| colued Into money, Increased the dcmund
for these metals aud so long as this law
| authorizing nny one TO coin al ii graius
OF silver aud % 2-10 grnins u gold Into
| a dollar there WINS no one willing to sell
either for less than a dollar.
D. That the option To pay In either metal
caused the cheaper OF the Two metals to be
| used and transferred the demand from
the dearer to the cheaper metal and re.
| stored Its relative commercial value.
| u That Il Is 10 the Interest OF Me United
States to net independently In tie rcnono.
tzatlon or silver AZ the ratio 70 gold OF
any other nation,
l. That recommendation consists IN the
| use OF The denrer " the two metals u the
| exclusion OF the other primary or re-
dcmpton money. That moupmetllllsm Is
Nh experiment OF trial for the iirst time
| In the history OF the world and began with
lie period isI3 that II Is lmpractieahlc
aud impossible as stable money measure
ment Of values. 1t ~ not based on Ecien-
tile financial principles; j. In the Interest
OF the money lenders and against tie tn
forests II tie property owners and labor
frs,
value with no concurrent coinage of No
other metal 10 assist II IN perforl1iiig the
Functions ~ primary money has caused the
fall In prices ~ compared VIII 1877, when
the worlds prices of properly were meas
urpd h. tie money mass o. both inrtls
that al prices q properly unl labor t.,c
declined accordingly as rohii.a"ch with
1877 except when held MP relatively by
Increased demand or abort supply OF com,
bMes and trusts or special reasons nncct,
Ing partlcular service ar pruportyi that
Che average price Of nil productions OK
oept gold Will show this leeinf IS adiuat-
lug itself 90 the gold standard; ana that
when we Include IN labor the unemployed
aud tho time lost hy those employed there
Is n fan ~ waE . % ! X psr cent. ns
Iisclf to the gold standard measurement of
inlues.