Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1895-08-29

true, and had not been true for q
many thousands Of years.
It was true,he said, that, As measured
In human toll, both Colds and silver
had deprecated in value; but silver
had deprecated much faster than
gold.
Nj Horr then represented statistics
for . series Of years in substantiation
OF the depreciation Of gold, showing
the prices for agricultural products
and the wagesof labor.
Mr. Harvey took up the subject and
proceeded to argue that advances in
the price of grain under q gold basis
in the years quoted had resulted either
from short crops or in the increased
demand brought about by finding new
uses for it.
MI. Harvey said the banks should 20
out OF the government business in
stead OF the government going out of
the banking business. Let the banks
be banks Of deposit and discount and
not makers of money. They are max
it o with bank credit, and you are
paying them interest for It. This
argument that confidence and not
money is all that is wanted il made by
a greenbacker would be rediculed by
those same men. Confidence won't
buy anything; it will get a mar in debt
to Q banker, that is all. You might as
we'll talk about doing without air and
water as talk about doing without
money. There is no condition of civ
~ilization that you can imagine by
which you car be a part of that ciyill-
zation and yet do without money. ZAP
plause.)
And by the legislation Of 1873 it has
been enhanced in exchangeable
value with your property. That is
the crucial point in this financial
discussion. (Applause.) A man
loaning money in 1872 that 1000 BUSH
els of wheat would have paid, you
must now give him 1900 bushels of
wheat to pay that debt. (Applause.)
The men who own bonds payable in
money aggregating more than all the
assessed values of the property in the
United States, have legislated SO as to
enhance the value of their property
until you have got to give UP twice as
much to them when they come to buy
your property as they gave up to you
when you go with your hard earnings,
with the product OF your loom and
your field to buy their property. ZAP
plause.)
Mr.. Horr-Now I want to call the at
tention Of my friend to the fact that
he can't get at how farmers are doing,
simply by selecting one article which
happens to be cheap.
Mr.. Harvey-I want to ask you right
here before these people to answer my
argument made just before I sat down
Mr.. Horr-I am going to do It IL you
will wait and keep still, that is what I
am up here for now. taughter.) lhe
very last thing he said was in reference
to the fact that q farmer had to give
twice as much wheat topay his debt as
he did before the demonstration of
silver. What ais you? That is the
very thing I am speaking about. Now
| was stating that you can't possibly
find out the facts in reference to the
farmers simply by taking one article
and that the lowest one you can find.
Now / will call your attention toa con-
firmation of the figures which I have
heretofore given. Those figures show
that prices for farm products, all taken
together, you know, have declined.
Here in the United States, comparing
the present values to those Of twenty
years ago, / find my confirmation in an
analysis of national wealth by the great
statistical authority, Mr.. Mulhall, so
often quoted by Nj. Harvey. In the
June "North American Review, Mr..
Mulhall says that the average yearly
accumulation of the agricultural work
ers, per capia, in the United States,
was for the decade, 1861 to 1870, $3.50
each.
Mr.. Harvey-Win you pardon me-
Mr.. Horr-Don't bother me. For
the decade, 1870 to 1880, s47.1O per
capita; and for the decade 1881 to 1890,
e47.5O per capita. Here is an ability
on the part of the farmers ofthis coun-
try to save in the last census decade
nearly three times as great as in the
decade before the silver Hesitation of
1879.
Mr.. Harvey-Didn't you have that
written before you left New York?
(Applause.) He says that we have in
creased in wealth. Nobody disputes
that. The United States has not been
q Workshop in producing wealth, but
it has been q sweat shop. (Applause.)
It has been producing wealth, but have
the men who produced that wealth got
the wealth? The rich men are con-
trolling the legislation of America and
the old world, and there is no plan by
which European civilization car rise
from under it, and when we have pas
sed four OF eight years further along
there will be no way for MS to rise from
under it.
We are making in the United States
today the last stand Of free men in the
civilization Of the world. (Applause.)
The answering Of questions occupied
much Of the remainder of the day, the
debate finally being adjourned, at Mr..
Horr's request, till Saturday at l p. m.
A YACHT CAPsIzED.
Seven are Drowned, and Eight Escape
Steering Gear Went Wrong.
BUFFALO, Aug 28.-By the capsizing
Of = small pleasure yacht Of Rung
Bros. this evening seven Of fifteen
men on board were drowned. That
there was not q greater loss of life is
due to the nearness of the tug e. G.
Maytham and the Quickness Of the
life saving crew In getting to the scene
It is claimed the steering gear went
wrong ut the time Of making the turn
and the yacht capsized. There was
. strong wind blowing and q heavy sea
1 A a n - So M A---I-