The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-08-07

of any article cheapens that article. The
whole trend Of civilization is to cheaper
human products, gold as well as silver
and wheat. A large number Of the arti-
cles today produced in the world have
not been decreased in value at all by
the characterization of silver, but simply
because the laws Of production have
crowded down the price.
WHY GOLD IS CHEAPER THAN IT
WAS IN 1873.
How do 1 know that gold is cheaper
than it was in 1873? I will tell you. Now
listen addressing Mr.. Wilcox)-you are
a younger man than am and you have a
respectable FACET wish I could say as
much for the crazy man beside you. AS
to the measure of value by human TOLL
The rate Of wages, the amount Of gold
that a man can get for certain number
of hours work, tells me whether gold has
decreased in price or not. I can get to-
day twice as much gold for a days work
following the pillow as I did in 1849. The
people Of this country are paid in gold
for their work; so they were in 1860.
Wages are 20 per cent higher, paid in
gold, for the same amount of work than
in 1860. Has not gold deprecated, then,
when you measure it with the great COM
modify of human toll?
What I find fault with is that the sill
yer men invariably leave out of their cal
culation this article of labora and the arti-
Gle of labor is the greatest article known
in the civilized world. You think for a
moment. Do you know how much would
have to be produced in this great nation
of ours to supply the necessities of life
before we accumulate property at all?
Before there is anything left Of accumu-
lated capital this nation has to be sup
piled with SIS 200, 600, 900 of products. That
much has to be produced by the workers
of this country to supply the consumption
1av Ivy tIn<
of how labor is paid is a great question
in this and every other country.
THE CHEAP AND THE DEAR DOL
LAR.
Mr.. Harvey-Mr. Horn says that every
thing has been cheapened, including gold.
To say that gold and products cheaper
simultaneously is a financial contradict
ton. You buy gold by exchanging other
property for it. When it takes more
property to buy gold than formerly, gold
has risen. Instead Of becoming cheaper,
gold has become dearer. That is the case
now. And yet Mr.. Horn, by sophistry,
reasons that it has become cheaper. He
says to the laboring man: You can buy
more with a gold dollar now than you
ever could, and then turns to you and
says that gold is growing cheaper all the
time. He transforms himself at pleas
ure from dear dollar advocate to
cheap dollar advocate. 1t reminds me of
a story. I mean no disrespect to you,
Mr. Horn, but the story is apt. A negro
went to neighbor and got a pig. He
started home with the pig in a sack and
stopped at saloon. While he was drink
ing and being entertained by the boys
the pig was taken out of the sack and
pup was put in, so when he left the sa-
loon it was a pup instead of a pig he car
ried. When he reached home he dis
covered that he had pup instead of a
pig. He put the pup back into the sack
and started at once for the neighborS
to see how it all happened, and on his
way he stopped again at the saloon. He
was again highly entertained, and the
pup was taken out of the sack and the
pig put back. When he reached the
neighbours he explained that it was all
mistake, and he had pup instead of
pig, and emptying the sack out rolled a
pig. ...
pig can turn from pig to a pup and from
a pup to a pig as often as it wants to-
daughter)
with us now the price of services or
property means the gold dollar or it's
equivalent. Price has a definite mean
ing. 1t is gold that property and labor is
being priced in; it is not priced in labor,
and the average human intellect will
have to be reduced a little lower than it
is now before Mr.. Horn can call the
people out on a limb and chop the limb off
and mangle them any more than they
are now mangled. He is trying to lead
you off on theory that has no practical
application as a monetary unit"
REPORT FOR TUESDAY, JULY %.
In opening the debate Tuesday Mr..
Horn secuted the hazard of mining and
said:
Gentlemen: On yesterday Mr.. Harvey
stated that had found but one error in
the statements in his book, and he defied
me to call attention to any other mistake
that he had made. The mistakes that
are made in Mr.. Harvey's book are, many
of them, not mistakes as to the words he
uses, but misleading differences from po
sitions which he takes and which he,
giving him credit for the ordinary sense
of an ordinary man, must have known
when he printed and published such
statements. 1 will now, in my opening
remarks, call some attention to what l
mean. In your book, Mr.. Harvey, you
say:
1T is estimated by all men of judg-
ment who have given practical attention
to mining that the silver now in exist
ence has cost not less than 81 per ounce,
and many put it much higher
"You will find that in Coins book, page
"a. 1 deny that men of judgment and
experience claim any such thing. as
sert that every man of any common
sense who has studied this question
knows instantly that that statement is
not true; knows instantly that silver has
not cost that much for production, be-
cause silver has been constantly increas-
ing in production at a low price, running
from $120 an ounce down to 81 cents an
ounce, and the people of the world never
keep constantly producing an article at
so much less than it costs them to pro-
duce it. Business men are not such i'd
lots as that. According to this state
ment the silver-mine owners and men en-
gagged in producing silver lost in the year
1892 $34,O0O,000. They increased their
product in 1893 so that they would have
lost that year $73, 100000 Again, in IA,
the increase was so large that they lost
$1O9, 900, 000-a total loss in three years
of $236, 100000. Now there is an old
rule somewhere that "a burnt child breads
the fire. think there is some truth in
that, and whenever silver mining gets so
that the men lose at the rate of almost
$80,000,000 year they will stop silver
mining I don't have to argue that; ev-
cry man with a grain of sense knows it.
Again, Mr.. Harvey says. on page 80 of
his book: There is in the world now,
according to the report of the director of
or mint. So, 727 018 1863 in gold and $780,,
571,3 46 in silver
The mint director didn't give that as
the amount of silver and gold in the
world at all. The director of the mint
gave simply the amount of coin supposed