The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-05-18

chicago, May ia stirring en-
counter took place tonight, hardly
paralleled in the west since the famous
struggle between Lincoln and Douglas
just On the eve of the civil war.
Tonight's platform combatants were
two giants Of the opposing sides in the
4 raging financial controversy, J. Law
PENCE Iaughlin, professor of political
economy in the University of Chicago.
the favorite authority of President
cleveland. and William H. Harvey.
author of COINS Financial School. -
Not half the people clamoring to be
present could have been Accommodated.
had the Auditorium itself been secured
for the meeting of the champions. The
spacious rooms of the Illinois club on
stately Ashland boulevard were
crowded to almost suffocation when
the president Of the club. Or. Homer
M Thomas, announced all in readiness
foIAe dress suit gladiators.
The Proposition.
Were it not for the fashionable sur
r0dndings. the seriousness of the occa,
sion. and the dignity of the audience,
the majority Of whom were prominent
business and professional men, the
eager interest displayed would have
been an instant reminder of the
moment when Corbett and Mitchell
faced each other for their celebrated
bout at Jacksonville. The proposition
10 be discussed was read as follows:
Resolved, shat the United States
should at once enter upon the free
coinage of silver at the ratio of Is TO
1nnRnan6 Of h.
other nation
Mr.: Harvey, it was stated, would
speak for an hour in the affirmative
effl Professor Laughlin an hour and
rdrty minutes in the negative, Mr.
Harvey then having thirty minutes for
a rejoinder. Mr. Harvey Is a rather
tall. spare, dark complexioned man of
engaging presence but nervous tenn
permanent. He was evidently full of
suppressed excitement when he came
forward to begin his address. but he
soon Steadled himself admirably
Professor Daughlin, why of frame
and blonde, but stern in appearance.
suggestive of a less emotional make.
up, and he had the advantage of NOT
being the first to speak. Both men
were literally appIauded.
Coin" Opens.
In opening for the affirmative Mr..
Harvey said:
4 The first reason why I am in favor
of Independent action by This conn |
try is that we should not be subjected |
to the Influences Of the governments of |
Europe. When our forefathers de- |
clared their political independence
from Europe 1t was to free themselves |
ds the class Of legislation of those |
governments, justly termed plutocra-
cies. If people can be reduced to pow
erty and the prosperity Of the United |
States can be ruined by hanging to the
financial policy OF Europe, then we can
ne reduced to the same condition by
financial legislation as a war of con-
quest would reduce US. Our friends,
the monometallists, mostly say, I'VE
admit bimetallism would be good if
We could get international bimetal-
ism" In other words, they agree that
there Is something radically wrong,
but claim we are tied to the financial
policy Of Europe. So that if a war Of |
conquest in this country by the mon
arches Of Europe, whose form of gov
eminent is different from ours, would
reduce Us to the position that the peo-
pie of those governments are in, and
they can accomplish the same purpose
by financial legislation, then there is a
necessity for Independent action. When
there is a necessity there is a remedy.
Governments of Europe.
The governments of Europe are plu-
foeracies. They squeeze the lemon of
the people about every so often. The
few control class legislation, and the
masses are hewers Of wood and draw
ers of water FOR the titled few. Like
the farmer who goes and robs the b@es'
nests, they rob the people and then
give them time to fill the nests again
before going out TO rob it again. We
i've certainly not forgotten the his
ry giving the reasons why our fore
tllers established this government
I'D that was the reason Now. if
financial legislation is one of the !
classes of class legislation, by which !
the many are robbed and the few en-
riched, by which the lemon is squeezed.
then it is one of the institutions of the :
European governments that we, as a
aation of people, republican in form.
should declare our independence of.
That is the first reason why indepen-
dent financial action should be taken 7
by the United States. If they saw. /
I've must have the same money that '
they have in order to carry on bust e
ness with them" my reply is, chat '
the biggest business we ever did carry {
on with the balance of the world, and l
Europe, was the time /
when they had gold and silver as f
money and we had neither"
Financial Independence.
II Is one of those peculiar argu- :
rnentathat wears its way into 4 mans +