Birmingham age-herald., 1895-07-24
THIRD EDITION.
HARVEY AND H0RR.
BOTH CONTESTANTS IN GOOD WIND.
"Coin's1 Progenetor Lays Down Certain Propostions-Mr. horr Holds Him
 Up to Ridicule.

Chicago, July 23.--No fear of fatigue or lack of breath showed itself in the liar vey-Horr debate when time was called for the sixth round today.
 MT. Harvey led with a vindication of the importance of the debate, which he said, rested upon five historical reasons:
 l. For 200 years prior to the demoneti- zation of silver in 1873 silver was seeking the hints of the world for coinage in quantity.
 2. For 200 years prior to 1873 there was no variation between the commercial and legal ratio of 151a to l. During the twen- ty-two years since 1873. however. the two ratios had separated widely and gone from 1512 to about 32 to 1.
 8. For 33S years prior to 1873 the quan- tity of ratio between silver and gold ranged from 56 of silver to of gold to 1 of silver to 1 of gold, but now from this wide variation the commercial ratio had clung tepaciously to the legal ratio.
 4. The price of silver in the London market as measured in gold up to 1S1J was practically steady, while since that date silver had declined from 50 pence per ounce to 2S.7 pence per ounce.
 5. That this violent fluctuation in the price of silver had been going on since it's demonstration and is going on today.
 MT. Horr did not reply directly to his opponent, but took up MT. Harvey's statement of yesterday that but one CT TOT had been found in his work, saying that there were myriads of misstate- ments not in express statements of facts. but by false implication, which any man of sense would repudiate on sight.
 At this point Mr. Horr created some de- rision at the expense of MT. Harvey by saying that he did not deny that his op- ponent believed all he has written.
 As a matter of fact, it was impossible for him fO fell what a in vey's state of mind might be capable of believing. The statement in Coins F'i- nancial School' that every ounce of sil- yer produced up to the present time had cost producers $2 an ounce was secuted by MT. Horr. If the mine owners had been producing silver at this cost and selling it as they had been doing at from $1.20 to $1.57 an ounce they had lost by the transaction during the past ten years some $260,00 GOO.
 The next point of attack was the state ment on page number 53 of MT. Haryey'S book that the people of this country are annually paying to England $200, 000,0 900 in interest on national and private bonds. MT. Horr denied this proposition fatly, and challenged anyone to produce cyl dence that the indebtedness of tine people of this country to all the nations of Eu- rope involved anything like such an amount of interest.
 Harvey then took his opponent to task for skipping about the book to find sub stance for his remarks, instead of con fining himself to the regular order of pro ceedings as agreed upon, and said that he would not be diverted from his origi- nal plan by such tactics.
 "Fhe right to make contract to be liquidated in any specific property should not apply to money" said MT. Harvey "All such contracts, when made paya- ble in money, should call for lawful money. To permit a raid to be made upon either gold or silver is to permit in- dividuals or combinations of men to die tate to the government what should be legal money. Making money is an act of sovereignty for the common good, and to allow it to be corrupted would be to permit that which would defeat the ob- ject intended. The government is the creator of money, and the creator should regulate that which it creates"
 MT. Horr-The argument in your book of errors that the government can ere ate demand for a commodity has mis- led thousands of honest and minimizing people. My friend here MT. Robinson, says it is using an unseeming truth to lie with the most crafty and false mis- statements You used an illustration to teach that free coinage would create an unlimited demand for silver and increase its value in the markets of the world. Under such coinage as you advocate sil- yer would be received by the government coined, and then, in effect returned to the owner again. Your illustration of the government 1000 horses is a fraud on it the