Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-07-18


the law Of 1871 witch Brother Harvey kindly
names a crime II has been called that 50
Ions that there Is nothing novel IN the name.
| purpose to show you during this discussion
that no law has ever been passed by the
American congress which was more COM
plete and fully understood than ue law OF
'"rhe statement which he read to you that
the scheme was concoeted In London IL
simple assertion upon Which he cannot pro-
duoc one scintila Of reputable proof, not one
word 1t has been good many years since
England dictated the legislation Of this ovan-
Try. Thoy have had trouble to do II ever since .,
i7ij. Q-aughterl.
They, would experience as much difficulty
now as they did II they should attempt H.
The law OF 1873 had It's origin. as all such
laws have In the brains OF experts. Ihe
question OF coinage mintAge is most IN
tricate one. II is one OF tho most compli-
Gated problems with which philosophical men
have ever grappled II has been a pro-
cess Of development from the earliest stages
OF humanity down to the present time which
has given us the present system Of money,
though not perfect az perfect as 1t has come
10 be At this time. IL anybody will read
the reports OF the Confederate congress OF
the United States the one that came I'M
mediately after the colonial congress. thoy
will nnd that all men who ever assumed TO
be able TO discuss the matter intelliBenty
could be counted on Abe fingers OF my two
hands.
Mr. Harvey-Mr Horr says that l have
no proof that the scheme was concocted III
London to domonetlze silver in the United
| States. When | was n boy, went to
| court house one day TO hear a criminal trial
and heard u lawyer say! when crime
| Is committed and you can't detect the GRIM
| inal, look for the man that il benefited by
| the crime tApplause) Reasoning by In
| duction Will more Invariably locate the Grim
| inal than an uncertain human testimony,
| Silver was demoneiizod In England and In
England only prior to the day It was de-
| monetized In this country. That was where
| the movement aiarted-that is another evil
| dence. London bankers initiated the Paris
| conference in 1867 at which MIR. John Sher-
| I havs hN trhN
| to say the conspiracy originated In London.
| Mr.. Horr says that science OF money ia
| hard to understand, Ever since the money
| lenders Of the world shacked the people Of
| the world and taught tho people that money
| was hard to understand (npnlausol That II Is
one Of the dmcult things. as Mr.. liorr once
said In his speech, II gives rue q nea adr
to thin OF IT," laughter. and you are not
| competent to study II, and as long US
they can make you believe that they nave
| you In their power. You may study ehemis-
try and understand the difficult problems OF
| ecience-chomistry and other sciences, that
would make bankers head dizzy to con-
| templatb-we are told you cannot understand
| the simple proposition Of money. or that
which you come into the use OF every day.
MI. Horr mas only taught IN ms debate
| a proposition that II is the interest Of
every selfish money lender In the world
70 advocate and he is here advocating It,
act was passed there was no special eur
rency in this country. During all the years
from 1892 To 1851 when II was actually in
| use ana being tested Tor lis merits no one
proposed to dcmonetize either of the met
nj, except some money lenders from Eu-
rope. who proposed u In 1871. Applausel.
lut at that time. 1873, when II was not In
circulation and was not needed the move
ment was begun and consummnted. And
MS one congressman said when the bill
was offered In congress. 1--WE are not using
gold and silver as money, have not yet
considered an act for the resumption of
specie payment aud the Introduction OF
this bill at the present time either mems
| n trick or is farce worthy OF being
cnrcatured by Thomas Mast"
This closed the debate for fllc day. and
questions being In order, the first was by
Mir. II. l.. Blss to Mr., Harvey.
The total coinage Of silver by the Phil
adelphin mint up 20 1879 amounted. h
the mints 90 Sii3OOO,OOO. You said that
the treasury had changed Its figures and
OF the Philadelphia for the total colnugef
Is i true that the treasury has changed It's
MIR. Harvey. That did not say that !
had forced them 10 change or TO correct
any mistakes;
. The list tables OF coins from which
the Sl0,OO1,0o0 was figured when Coins
SCHOOL, was written was before me In n
report OF the director OF the mint, do
! not Know whether they were separate
tables or not. Since then, In their lntor
books, IN the last one out, Il Is all In one
table and my impression was that the one
School was calculated from wns In one
table. So that can not tell, Mr. Bliss,
whether tile mistake was made by the
Philadelphia mint or not. but | did state
the amount at S3T 900, 900 less silver coined
before 1873 than was really coined, and nj
the same time Il was to the Interest of my
argument to state IT all II would stand.
The next question was by o, Is. Gum
of Kansas City.
''NIr Harvey asserts that the mnts were
open to the free and unlimited colnage OF
silver from 1872 TO 1873. Jefferson closed
the mlnts In 1905 TO the coinage of silver
dollars and only. 1900 of Mr. Harycy's dol
lars or units OF value were coined up Il
1910, a period Of "a years: Was this free
and unlimited colnage of silyerf'
MIR. Haryey-Mr. Jefferson did not close the
mints-that could only be done by act Of
congress. Mr. Jefferson directed (the minti
being open to the free coinage Of all kinds
Of silver colin the mint directors to coin Tho
silver that came at the option OF the peOpl,
In nifty cent pieces and less. II made no diner
ence TO the people who brought It whether
they coined It in NIFTY cent pieces or dollars
It was all money. The mints were open Il
ffee and unlimited coinage Of silver, but IN,
director Of the mint or pres dent might direc
what kind OF coins should be coined wthou
minis were open TO free and unlimited
coinage. Applausc)
fccts the substance Of tho unit being thu
measure OF value. You need not coin a singh
unit and yet by law the 81 Ia grains OF silye
could be the unit Of value regulating al
other coins compared to It in legal and com
merolal ratio. The act Of 1873 made the golt
dollar the unit and now by act OF Septembe
Is. 1889. II Is unlawful to coin gold dollar
SO that we now have a unit Of % 20 grain
OF gold and congress has said that all mint
shall not coin any Of them. But nevertheless
we have gold standard because the nv
dollar pieces and ton dollar gold pieces ar
coins with reference to % 2-lU grains o
gold being the unit OF value Applauscl.
Mr.. Horr-The first question | have IA b.
James Bollinger. | see he asks us both 1
. answer. ! VIII answer 1t and then pass II /
I Mr.. Harvey.
: why is II that have had so little silve
or gold since the passage OF the act OF 1873?
is the question. II is impossible for mo to tell
unless | know how you have been behayin
: sinee 1873. applause.
! MIR. Harvey--My answer TO II Is becaus
0 you have been on gold standard. uong con
tlnued applausel.
Q Mot Singer Of Shoals. Ind: WAS II no
9 right that under the so-ealled bi-metali
= laws which existed previous TO 1873 Whe
o one precious metal Increased In eNchang
r value, that the debtors had through IN
. legal tender provisions, the option Of pay
Q ing in the metal which had not increase
e in exchangeg'
2 II was not only proper, but perfect
4 natural, and the only way that a man wit
l any sense would pay. II was a legal RICH
2 that every one In his right mind woul
take advantage Of.
. The other question is by H. S. Taylor; nj
y not Thomas Jefferson. In making reports {
congress In 1906. quote the report Of IN
director OF the mint to the eject that a grea
{, increase In coinage OF fractional silver wa
Y made at the special request Of bankers 1
! / demand for fractional coin and TO proven
y tine expectation Of silver"