The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-09-04

change for the products of our fields and
our looms. We get their silver and they
get our products. We have more pri-
mary money and they get what we have
parted with. The history of nations is
that the more primary money you have
the more prosperous your nation is Now
do you believe that they are going to
give US all their silver? What will they
do for money if they do? Will the little
gold that is left go around to all the ball
ance of them? We must reason as rea-
sonable men; that when the great United
States. which can make a limited demand
for silver. opens her minis and stands
ready to exchange the products of the
world, for that silver. the owners of sill
yer are not going to part with that silver
for any less to any other people than they
can get for it in the United States. Gap
plause.) You make an unlimited market
for limited product, and with a great
country like the United States you es-
tablish permanently its legal ratio with
gold, or in other words the price of sill
yer as compared with gold. (Applause)
TINE REQUIRED TO BREAK ENG
LANDS HOLD.
ut will take time to break the hold that
England has on the world with her gold
standard debts. But in this we shall
have the sympathy Of all nations that
are now poying her tribute. from poor
little Nicaragua to republican France.
We should Immediately exert our inf1u-
ence to save Japan and other nations
from going over to the gold standard
and stop the conquest of the world that
is being made by the money power of
England.
Mr. Horr-In Australia they produced
$32, 100000 in 1892 and $35,000,0 900 in 1893,
and it seems to be only question of eff
fort as to how much they can do, for they
have discovered new fields extending
along the west coast distance of 1000
miles, and inland in places as far as $50
miles, and Of unexampled richness. In
South Africa new discoveries added to
the older mines have again increased the
output to a large extent. In Russia, be-
ginning in 1886 with 80, 300 Kilograms, they
have increased their production every
year until 1893, when they put out $4,000
kilograms, with greater opportunities for
further progress as far in the future as
the scientific eye can reach.
WHAT HAPPENED IN INDIA.
tIn India, where they let up on silver
coinage, you know, a while ago, they
have just made the gold mining hum.
They took out 10000 fine ounces in 1886,
$4,000 in 1887, $4,000 in 1888. $4,000 in 1889,
1000 in 1890, 120, 900 in 1891, 100 900 in 1892
and 1874, 900 in 1893. Then come the three
Guinas, starting at 1900 Kilograms in
1887 they kept right along increasing
until they reached to $500 in 1893. Now,
take these six gold-producing regions
the OHlleu OtdleS, AuStrdud, Russia,
South Africa, India and the Guianas-
for period of eight years, except 1894,
for which we have no full reports, and
we find that gold was taken out in round
millions as follows, computed in dollars:
1886 ..... $S3 OO0, O0Ol189O 800. 800, 900, 900
1887 $500. $4,000, 0OOI1S91 $500. 1000, 900
1883 ...... $4,000, OOOl1S92 ...... 123, OOO, 900
1889 w 1O1 OOO OOOI1S93 . 135, OOO, 900
For eight years up to year ago last
January the worlds production of gold
for these six regions was the enormous
sum Of 1927, oil, 695, and last year, and all
the rest of the world for those years are
not taken into account Experts calcu-
late that in one single strip of territory
they have located upward of 81, 600, 900, 900
of gold. According to Mulhall the worlds
available stock of gold in 1850 was $685.
100000, and of silver $4,SS0, 900, 900, or of
both $,415, 100000. In 1890 the figures
were $6.175, 900 of gold and SC, O65 00O,-
600 Of silver, or $12, 240,000 900, and the in
creased rate of production of gold indi-
Gates that by 1900 we shall have more
gold than in 1850 we had of both metals
in addition to the six hundred and twen-
ty millions of limited subsidiary coins,
which were legal tender in small sums,
and three thousand four hundred millions
of legal tender silver that is still current
in the world, but it will then oily be used
for what it is worth.
GREATER NEED OF INCREASED
MEDIUM.
Mr.. Harvey-All that Mr.. Horn has said
about no more money being needed on
account of electricity and other facilities
should be taken by you in this way The
more rapidly the blood flows through
your body the more blood you need The
more civilization advances and the more
business is classified the greater the vol
ume of money that is necessary to make
the exchange of products and services.
Applause) Where man living forty
years ago could afford to leave home for
journey of 30 days with $50 or $500 he
would now want to take several times
that amount with him. Then he ate with
his hospitable neighbor, travelled by bug
gy or wagon. Now by the rapid inter-
change of commercial blood travel and
business require infinitely more money.
One Of the serious mistakes that we make
is that improved facilities and the ad-
vance Of civilization makes less money
necessary. It is just the opposite; more
money is necessary. (Applause)
"Mr. Horr is unfair when he takes the
production of gold for a few years. I
have given you the right way to look at
it by giving you the table that gave in
this days debate covering a long period
of years. He refers to reports from Afri-
ca and elsewhere of the productions of
gold promised. To any man who has
ever been in a mining camp, where re-
ports go out, or to any man who has ever
only to refer him to his memory. (Ap-
plause)
MELTED DOWN A GOLD DOLLAR.
"Mr. Horn reads millions of dollars in
large numbers to you, as men of his
class like to do, to impress you with the
enormous volume of money. I hold in
my hand gold dollar melted down. It
is the size Of a drop of water. All the
gold in the world will go into % feet, and
1 want to remind Mr.. Horn of that again.
For that globule of gold farmer works
and tolls to raise two bushels of wheat,
and gives it up for that dollar of gold,
that is infinitely of less value to the
world than the two bushels Of wheat.
Il want to talk for few minutes on
what effect silver as a currency has had
since 1873 on those nations which had
more of it on account of our using less
of it,
A LITTLE PRESENTATION.
But now, Brother Harvey, before we
close, have little pleasant duty to per-
form. I never allow any one to Guido me
In little matters of courtesy You were
kind enough to give me a souvenir of
the days of Jefferson and Madison, and
even coin struck in the year that the
great patriot Washington died. 1 now,
Brother Harvey, have the pleasure of
presenting to you two coins. They are
coined by a nation you admire. 1 pre-
sent them both to you because you be-
lieve In bimetallism Qaughter) that
things should go in pairs. I know you
won't refuse them. One is a silver coin
worth 20 cents. I would have had
Chinese tael if it could be found but it is
a coin never struck. The measure of
value in China is certain weight of sill
oo11 foo hv,t to1o hox