The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-07-31

assertion that that bill had not about it the
1t good want you to explain what Mr.. Hol-
man says about its being a colossal swindle.
Aigain h On Aug 9Th 1876 he says
bureau of mines and coinage. The bill which
finally passed the house. and which ulti-
mately became a law, was certainly not
read to the house.
1T was never considered before the house
as it passed. Up to the time the bill came
measure had been one simply to establish q
bureau of mines-I believe / use the term
correctly now. 1t came from the commit
substitute which finally became a law was
never read, and is subject to the charge
made against it by the gentleman from Mis-
house without a knowledge of its provis-
ions, especially upon that coinage. l my
self asked the question of Mr.. Hooper. who
stood near where am now standing wheth-
er 1t changed the law in regard to coinage.
and the answer of Mr.. Hooper certainly left
the impression upon the whole house that
the subject OF the coinage was not affected
by the bill" Congressional Record, vol. 4,
part 6, 44th congress, first session, page 5.2SD
REPORT FOR MONDAY. JULY %.
Chicago, July 23.-"Back dates" were
thrown to the dogs yesterday in the
debate between Horn and Harvey. It
was more than ever a case Of Greek
meets Greek, and interest in the tug-of-
war heightened at once when it was
1892, 1916, 1873 and other years. no mat
ter how historic or important, were all
barred more or less in favor of 1895.
Mr.. Horn opened with written argu-
ment touching the impossibility of main
tanning a fixed ratio between gold and
silver. AS the result of experience all of
the civilized nations of the globe had
1t was useless to exploit long labels of ra-
tics to show whether double standard
could be maintained. The world had
pronounced against silver
Mr.. Harvey said he had been called on
by letters and kilograms to give state
ments of Blaine, Ingalls, and others con-
corning the decentralization act. He said
the words at his disposal in the debate
would not admit of it. Taking up Mr..
Horr's eulogy of Senator Morrill,, deliver
ed on Saturday, he charged that Senator
Morrill, erred in saying that no silver
dollars had been coined for 40 years
prior to 1873. Mr.. Harvey read from the
report of the director of the mint, show
ing that silver dollars in greater or less
amounts had been coined nearly every
year. The fact was that Mr. Morrill, was
a bank stockholder, with a bank stock
holders prejudices. He called on Mr..
Horn to explain.
Mr.. Horn said that Mr.. Morrill, had not
meant to say that not dollar had been
coined, but that none to speak of had
been. At most it could be said that Mr..
Morrill, had made mistake. Mr.. Har.
vey, in his book, had made a mistake.
and bad one stating the amount of sill
yer which had been coined during the
life of the government. Mr.. Horn de-
clared that the insinuation that, because
Judge Morrill, was an owner of bank
stock, he was not to be believed, was too
contemplate for consideration.
Mr.. Harvey said that in raising the
point Of the coinage of silver prior to
1873 he wanted to establish a fact in his
tory which had been obscured by false
statements that such coinage had not
taken place. He wanted to make this
answer in the presence of the gold men.
Proceeding Mr.. Harvey said he did not
mean to reflect on any mans integrity
because he was a bank stakeholder. He
merely wanted to show that men were
swerved in their expression of facts by
their interests. Mr. Harvey then de-
fined scientific bimetallism to be the free
coinage of both gold and silver at an
assumed ratio; change in the size of the
gold dollar whenever the parity between
the gold and silver coins should require:
the option of both individuals and the
government to pay in the cheaper money.
He held that under these circumstances.
silver would not depreciate, because
there would be an unlimited demand at
the ratio fixed by law, and no man
would sell his bullion beolw the price at
which he could have it coined. Mr.. Har,
vey submitted a table to show that, from
1857 to 1873, the commercial ratio had
remained remarkably close to the legal
ratio, notwithstanding the demonetiza>
ton of it by England and another of the
great nations of the world
Mr.. Horn said this matter Of ratio had
little or nothing to do with the question.
The fact was that all Of the civilized ma
lions Of the world refused to recognize
silver, and would only receive it as bull,
lion value. measured in gold. What
might be if the other nations should toin
in admitting silver to free coinage was
one thing; for us to attempt it alone was
another. Mr.. Horn then took I'D the
proposition of Mr.. Harvey's book. that
making a dollar of one-half the present
value would double the value of every>
thing in the United States except debts.
Mr.. Horn pronounced this absurd, saving
we might as we'll say that if we cut our
yard sticks in two it would double the
amount of cloth in the country. He
said Mr.. Harvey seemed to be stuck on
"sweet 16 to l." In his book he proposed
to keep metallic values at a parity by
reducing the amount of gold in the gold
dollar. Carried to it's legitimate results
the ration would become 16 to u. or 80
to 1.
Mr.. Harvey proceeded to argue that
both gold and silver were the measure
ting of the yard sticks in two, Mr.. Har-
vey said that the gold men had doubled
the yard stick in 1873 He asked wheth-
er, if half the gold in the world were
destroyed, the value of the gold dollar
would not be doubled. Mr.. Horn shook
his head. Mr.. Harvey said he would IL
lustrate it another way, which the far
mers would understand. If half the
wheat crop in the United States were
destroyed, would not the price Of wheat
on the Chicago board Of trade be
doubled? In demonetizing silver in 1873
the golden yard stick had been doubled.
The friends of silver were merely asking
for the restoration Of the measure by re-
admitting silver to coinage.
Mr.. Horn in reply to the charge that
the decentralization of silver cut the value
of products in two, said that if that
were true, prices would have dropped so
per cent. The fact was that they did
not. If the destruction Of half the wheat
crop would raise the prices four fold the
OemOnptiza lion of silver did not doStrov