The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-03

yer QuSSllOQ.
.Bimettalism is the right to use either
OF two metals. II congress was to say
one bushel of wheat shall be one dollar,
then the bushel of wheat would be your
only dollar. The law Of supply and de-
mand governs the price Of property and
the same law applies to gold and silver
and this law kept the two metals at a
parity in this country for a hundred
years.
when the debtor has the option of
two metals he uses that which is easiest
to get. This creates a greater demand
for the cheaper metal and this demand
raises its price and that is scientific BIZ
mettalism, and when it prevailed the
two metals were kept at parity. Our
fathers had learned the lesson that we
are now learning.
"Reef cannot go upto an enormous
price while in competition with pork
and mutton, and neither can gold when
in competition with silver. If there is a
banker here he knows that he and his
kind can corner gold and take your
property for a debt. They can carry
that on until your wheat will sell for 20
cents and your corn for 10 cents a bush
ell, and then down goes your property.
Bankers ought TO favor sound mon
ey cannot bee ornered by Wall street
and Beacon street. Silver was demone-
tized in 1873 and what was called the
compromise bill of 1873 provided that
silver should be receivable for all debts
unless other money was specified in the
contract. &.
This gave the money dealer the 1ght
to say what should be money. The deb
tor is always in the hands of the credi-
tor when he goes to borrow money. He
needs the money and this gives the ere
ditor the opportunity to dictate terms.
1.-The bankers tell us that we have
plenty of money and in fact too much
since we have learned the use OF bank
checks, drafts and the telegraph. But
as a matter of fact as commerce and
production increases and our industries
become more diversified we need more
money. They tell you that there has
been plenty of silver coined since 1873.
Money is a science and the relation of
money and credit money is not always
understood. You might just as well
stamp credit dollar on a piece of pa
per as on piece of silver. If the silver
coined since 1873 is money why don't
Mr.. Cleveland pay out silver instead Of
borrowing gold?
I'm the city of Washington nothing
but gold is money. That is what causes
money to be dear and what you have
to sell to be cheap. Have your taxes
gone down? Salaries are just as high
now as they were in 1873. That of the
president has been doubled since that
time. In 1873 it took about 1900 bush
els Of wheat to pay his salary and now
it takes 100, 900 bushels. The money now
er never reduces official salaries. They
do all in their power to get the office
holders away from the producers.
"They say we talk and destroy con-
fidence and disturb business. That is
just the way the tories used to talk dur
ing the revolutionary war. 1 would
like to know if there is business man
here who would undertake to do $780,
900 business on $4,000, and depend on
confidence for the $4,000 The gold
standard fellows are the fellows who
try to lift themselves by their boot
straps. They want to perform impoS-
sibilities.
There is not money enough and the
debts in this country are more than all
the money in it. The silver men are on
ly asking for what is right, but sordid
interests and desire for gain rules in
this latter part of the nineteenth CEN
fury. Money and civilization is science
and money is the blood of comerce. If
you allow leeches to suck one-half your
blood you cannot have health, neither
can We havep rosperity if We allow sell
fish Interests to destroy one-half OF our
money.
Humanity should be the corner stone
of our politicale Office. You ought to
tell your preachers to talk for human
ity instead of for the rich pew holders.
Now, ladies and gentlemen, have spo-
ken under difficulties and doubtless
have not been able to make myself
heard by you all. In closing l will say
have in mind the best interests of hui
mainly and your country"
When Mr.. Harvey spoke at night the
great auditorium was crowded to over
flowing and standing room was at a
a premium. Speaking in the open air at
the fair grounds noticeably affected his
voice and he was some what hoarse in
the evening.
The people were delighted with the
speech and when closed hundreds rush
ed to the platform to shake hands with
the author of Coins Financial School.
One enthusiastic admirer created a
good deal of merriment by calling him
Mr.. Horn.
There was the same kind of desire
to shake hands with Mr.. Harvey at the
fair grounds, and the crowd gathered
around him until the stand was broken
down, but the big platform in the audi
forum could stand anything Of that
kind.
The speech at the auditorium covered
a wider range than that at the fair
grounds, and some good points were
scored. He answered completely the
arguments of the goldbugs that this
country could not maintain bimettal-
ism alone.
He startled a good many of his hear
ers by stating that all the silver money
in the world could be stored in the au-
ditorium. Some of them who had been
reading single gold standard papers i'm
agined that there was silver enough in
Washington TO fill all the buildings in
Wichita.
He showed that this country had
maintained a double Standard Of six
teen OF silver to one of gold when Ger
many was moving from side to side and
France was coming all the silver 1t
could get at a. ratio of Is to I.
If we could not so it alone with a
bimettalic standard, hewould like for
somebody to tell him how we could so
il alone with a single standard when
we were all the time exporting more
gold than we were producing. He
showed that the rate of interest on
money was much greater than tbs, in
crease of wealth and that with single
gold standard financial ruin would even
tually come.
He declared that ridicule was the IA
vorite argument of the oppressers Of the
people in all ages, and that the advo-
Gates of the free coinage of silver
spurned all such arguments. II was the
conservative business sentiment OF the
nation ruled by Pontius PLATE that cru
cifiedt hem anw no fguratively over
threw the tables OF the money changes.