The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1895-07-31
ROSWELL G. HoRR.

the silver STA grains in the silver
dollar" and with silver remonetized. and ,
Just and equitable standard OF values. we can.
if necessary, by act Of congress reduce the
number of grains in a gold dollar TIL
it is the same value as the silver dol
lar. We canslegislate the premium out
Of gold" He asked what becomes of Mr..
Harvey's ratio Of l6 to Here is what he
virtually says: The gold dollar may be cut
down if need be so that the ratio shall be Is to
~ His mathematics. however, are as defec-
tive as his veracity. Mechanically l6 to u
is the same as 81 to /, so it is not the ratio he
cares about
the two metals can be kept in circulation at
fixed ratio. 1 have not said that for they
can be, as they have been in this country. I
know they have attempted to make you be-
leve that there was no gold in cir
culation in this country or seeking the
minis after 1850 but both were misrepresenta-
tions. Mr. Horr flies in the face OF history
when he says that silver was not used prior
to 1873 as measure of value Silver was the
unit in that coinage system regulating the
size of the gold coins, but the two together
were the me sure Of values, and that is what
We mean by the double standard Mr.. Horr
alludes TO something I have said be-
fore, and then adds: Cut the yardstick
in two and it will make twice as
many yards OF cloth in the world" Now. in
1875. you doubled the length OF the yard stick
You can see no harm in destroying the price Of
q mans property. cutting the price of his prop
erty half in two, but your eyes are wide open
when any man proposes to even up with you
by proposing to cut the gold dollar half in
two. We don't wish to do that. either: we
wish to put back in the coinage system the
money that you demonetized in 1873
ME Horr-It is possible that Mr.. Harvey be-
lieves that the act Of 1873 when it demonetized
silver cut the price Of the property Of the
world in two. and that prices Immediately
world in 1873 and 1 know that did
not take place. and he knows it You
destroy one-half of the wheat in the world and
the chances are that you will increase the
value of wheat probably four times but wheat
is an article that people consume from
year to year. or after short time.
Gold has been accumulating for ages,
and If you should destroy the primary
money quality of half the gold in the world
you would not change the price Of the metal
one-hah As soon as the price would go up
there is an enormous store laid away over the
entire world that is not being used for money
purposes that would at once seek the channels
and be coined into money and take the place Of
the money that had been destroyed
Referring to his previous quotations from
Mr. Harvey's book. Mr.. Horr said he read
them for the purpose OF getting at what the
author desires to reach By the free coinage OF
silver. and said that what Coin Is really
after is cheap dollar He would reduce the
value of the money unit Of this country
one half MI. Horr protested against the
whole scheme. because il is an effort to
cheaper labor The greatest commodity ever
placed on the markets OF the world is labor
Is il best to cheaper the unit OF value and de-
crease the purchasing value of our dollars He
was believer in cheap prices and only op-
posed them when the cheapening OF the price
is at the expense Of the men who do the work.
MI Harvey said that his opponent argued
that the dear dollar is OF more benefit 10
Iaborers than a cheaper dollar He did not
intend to let Mr. Horr cloak hi1sseH behind
the laboring man You have cut In two the
number Of days that tits possible for men to
find labor" he said. you have pnt anywhere
from 2 600 Oc0 r. NO. Coz laboring men out Of en-