New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-17

people are to-day creditors not debtors; ana that
consequently, the system which Mr.. Harvey advo-
Gates would work great injury to the vast majority
of American citizens will state still further that
II this book about which We are going to debate Is
true then am all wrong. II seems to me 70 pe ge
void of business sense from beginning to end ana
shall enter upon the work OF attempting 20 prose
which shall be so plain and explicit that my fellow
citizens will be satisfied that have accSmpshhe e
lieye that the American Nation should have JUST
good money as any Nation On t nSd ia to Oh
man for his daily toll should be worth as inucn a.
the dollar paid to the men who are rich me ~0o ost
stable that can be devised. and would INSIST ihas
nearly as possible be required to the same meas,
OF values. and shall insist that repunlat,o" M
case Of Nations Corporations or indivduals. What
people need is good money good crss gaTY
rchemes and debased money never yet made ma a.
ton prosperous The quality OF the mon oef
tity. Laws should be drawn to protect the men who
earn money as well as those VINO no. owe on h,s Sailv
earnings should never be sacrificed for the benefit
Of who LIVE on what The they eSnaned as the
contest progresses.
MR.. HARvEY's POSITION
Mr.. Harveys opening statement, in reply to Mr.
Horr was as follows:
Copyright 1895. By Arel Hoten)
hsre defend the facts a ana pf thnt the T.
usra,ons tina. book are 6gs this n true n
s nfS ssar Man ts seennc Works rely
Illustrations. and newspapers ma INA. sber
Wise be Clearly expressed And yet am here 10
defend orally those same principles enpg,.
.uton 5 That the s silver dollar the unit Of
i7sa to ISIS lust as the yardstick was the measure
Of length That GOA measured in 3ud this s TSs
silver and sold combined consi' ute the legal stand
Tha during ns' the n per Period Of M minis
into into primary S Of redemption money and ss, both both
treated as such That during that psfIoa p s
the debtor RAY IN coins q either sds metal unlimited
Increased The demand for those metals a ar co io
s as Of slver and grains Of
to d .s sSs4 for es than @ no one
That the o9Sn to w pay a IN e'fe e be used and
sra s H the demand from the dearer to the
cheaper metal and restored Its relau n eSIs We
are called silver men because we are defending
the metal that has been dsmonet IKE United States
to act independently in the reorganization OF ST.,
At the d 70 s sOd Sna Is to SaO without
: That monomet allism consists in the use OF the
dearer Of the two metals to the onsy Mono
metallIsm is an experiment on trial f9 h .ne h
tim time Ds In the Of si2y Fl It is
practicable as stable money nrD o
cinles is in the interest OF the moneylenders and
against the interest OF the proper'y-o"hers anu
laborers
THE CAUSE OF THE FALL IN PRICES.
s. That the gold unit as the measure OF values
with no concurrent coinage of another metal 10
assist In performing the functions OF primary
money. has caused the fall in prices as compared
with 1872 when the worlds prices OF properly
we're measured in the money mass OF ooth metas
That all prices Of properly ana dsS excep When
held up relatively by increased demand OF snops
sfYecting particular servioe property That the
average price Of all pTGdneIoH ,es 10 s ihe Soid
standard. and that when We Include In labor the
unemployed and the lime lost by those emp.oyedi;
y with ISL, That labor is adjusting itself to the
god standard measurement OF values ,or,od ~
o That the decline in prizes covering peilou ol
twenty-five has as rule male all bs
a long period destroys the prospective. pFon ,s
m nassa s En se'f business men avoid failure
loss OF capital under these conditions ,-,..- =.
osStors Who. Unconscious of the causes that con
tinuousy reduced the prices OF 'nes
that this fall in prices causes sacrlhce OF PROV
erY to purchase he dollars with which to q1 dshs
the contraction of debt, to PAY old b debts sh1
volume Of all debts ina, 'nss
,Ss Importance of stable money measurement of
IL That in the end no one is benefited by fali
In nrices but the money-lender tne o OMIT , vi
money and securities payable IN mohey-"~eu III
r. That the foregoing facts and conditions pro,
Values viii mpoverish the Of the peoPe and
points. by reason of the disturbance 1t VIII pro-
To ali unbiased men. and those who Will lay aside
their Preudices during their reading b OF 6hs me
propositions Every fact in the school that MI, Mr.,
orr does not attack shall take fo5 sran' proceed
in the order indicated in Coins Financial Scnoo'
and contemplated by the rules OF the deoa'e'
THE ARGUMENT BEGUN.
Mr.. Horr wanted to know why the names OF
prominent citizens had been used in Mr.. Harvey S
book, and words put into their mouths when
they had never used Mr.. Harvey answered that
his book was simply an allegory and the fact
that a little boy put in as teacher ought 10
be enough to prove to any sensible person that
this was So Then the speakers plunged at once
into the thick Of the fight. The argument was
spirited throughout. and both speakers several
times had hard work to preserve their tempers
After criticising Mr.. Harvey's unauthorized use
Of Chicago business mems names. attrbuting to
them statements which they never uttered mere
" for the sake Of allegory. instead OF using the
names OF fictitious persons. Mr.. Horr said:
Copyright 1895. by Aa,t HoehJ
Now I come TO the motto OF the book. which Is
earth because Thou hast hid these things from M
Wise and prudent and hast revealed them uhtc
babes" would like my friend to tell me why nc
used that motto. Does he desire TO intimate ina,
the kind OF finance which he teaches is something
that ba bes will understand. but that people wht
know anything will never be able TO comprehend
the motto u.s. but the motto usually leads up TO the
contents OF the book. DO you mean to intmat,
are simple that little children can unders,ano
them when grown cannot find out anything
about them? Is 1t your idea that when Newton
saw the apple fall. II little baby had been viii
him the babe would have found out good dea
more from the circumstance than Newton did?
MR. HARvEY's FIRST SAY.
Mr. Harvey-Mr Horr misinterprets the meaning
Of that verse. The word babes is intended tC
mean the pure of mind and unselfsh. II is ir
that sense that II is used in the Bible. and mean.