Morris tribune., 1895-07-24
The Battle On
Copyright, 1895. by Azel F..'Hatch.

The Battle On5
Copyright, 1895, by Azel F. Hatch.
1t had been agreed between Mr.. Horr and
Mr.. Harvey that previous to- entering upon the
discussion each Should briefly outline the po-
sition he proposes to occupy in the debate.
This they proceeded to do. Mr.. Horr stated that
the discussion was to be along the lines Of
Coins Financial School, He said he would
not oppose bimetallism, but would oppose free
coinage at 16 to l. Mr. Harvey briefly sKetched
the main points to be brought up. and then an
nounced himself ready to proceed according TO
rules.
Mr. Horr wanted to know why the names of
prominent citizens had been used in Mr.. Har-
vey's book, and words put into their mouths
that they had never used, to which Mr.. Har-
vey replied his book was simply an allegory,
and the fact that little boy was put in as
teacher ought to be enough to prove to any
sensible person that this was SO.
Mr. Harvey was asked to explain what he
meant by primary money, in the sentence
found in the book "all money is a medium Of
exchange, but primary money only is the
measure OF values 1t is not defined any
where in the book.
Mr.. Harvey said that the question asked was
part of the main argument in the book and it
would be out of place for him to answer the
question now and would disturb the logical
arrangement of the argument
Mr.. Horn then said that unless he had mis-
course of his remarks in which he laid down
the position he was going to occupy. the term
''primary or redemption money" He there
fore thought he was right in assuming that it
was redemption money to which Mr
Harvey referred If that is what he
means, then the statement quoted is not
true. Primary money only or redemption
money only is not always the measure. of
values. The measure of value from 1852 to-
1879 in the United States was the greenback
dollar. That was not dollar of primary
money, it was paper dollar. promise to
sometime pay real dollar, and it deprecated
in value as the contest went on. Mr.. Rorr
continued:
Now the error in that statement is vital
one. What is money? Every writer that I
am familiar with admits that originally money
was always some substance that possessed
value: it must of necessity be So Almost
every article in the world has, from
time to time been used as money, been used
as the measure of values Gold and silver were
not the first money Originally copper was
more universally used as money than either
of these metals, and shall here
after show you how we have been going from
a money that is cumberous, difficult to handle,
o money that is not stable, a money that per-
ishes, to . better quality OF money since the
foundation of the GLOBE
In reply Mr. Harvey said money was a
medium Of exchange and measure of values.
AS a measure of values 1t thing repre-
senting value When we express price we
have reference to the unit of value or it's
equivalent. With gold and silver in existence
as primary money there is double the quantity
OF money, real money, there is when
gold only is in existence as primary money.
Money is also a medium of exchange.
We exchange property for money and
then exchange the money for the property or
for services. To understand the Importance
of money we must consider the conditions that
would exist if we had no money. 1t would
then be q matter of barter and, exchange-of
one kind Of property for another.
Mr.. Harvey continued: .The men OF to-day
do not understand money and it's relation to