Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1895-08-10
SUMMARIZED.


This summary is given to the press as
follows:
Mr.. Horn said: The object of this de-
bate was to determine if it would be
wise for our nation to throw open it's
minis to the free coinage of silver at
the ratio of 16 to 1, when the civilized
nations of the world refuse to join in
such action. My opponent proposed
to prove that such course is advisable,
and undertook to do it on the lines laid
down in Coins Financial School"
He based his whole argument on
the proposition that the silver
dollar was in 1899 made the on
ly unit or measure of value. /
have shown conclusively that our fore
fathers attempted to establish bimet-
allism and provided for two units of
value, one of gold and one of silver, al
ways naming gold first, and that up to
| 1884 the silver standard alone was used.
That afterward, the gold standard
came into use, and since that the sill
yer dollar has never for a day been
used as the measure of values in the
United States.
| Mr.. Harvey next based his case upon
the assumption that the law of 1873 was
a crime, and stated that it had its ORR
gin in fraud and it's birth through
| bribery and corruption. He placed
himself upon four propositions to prove
| his case:
First-He claimed that the congress
of the United States was purchased;
that the passage of the bill was pro-
cured by the money of capitalists of
! this and other nations.
Secondly He stated that the hill
| passed both houses all right, and was
changed by some clerk in its enroll
ment He next claimed that it was
not changed by clerk, but that the
dirty work was done in conference
committee.
He then showed that none of his
other statements is true, but that the
work was done by passing ''substi-.
tute BILL
He introduced no evidence in sup
port of either proposition, and he
stands convicted of making every one
of these charges without any proof
that would be received in any ordinary
court of justice.
Mr.. Harvey's statement that free
coinage creates unlimited demand"
is not true, because there can be an
unlimited demand for no human pro-
ductions.
The other doctrine of Mr.. Harvey is
that the free coinage of silver in this
country upon the old ratio of 16 to 1,
the old price of silver as compared with
gold, will be restored.
Mr.. Harvey virtually admits that the
action which he proposes will put this
nation on a silver basis and drive gold
out of this country.
MR.. HARvEY's SUMMARY.
Mr.. Harvey said: The debate settles,
in my Judgment, the following propo.
sitions:
First-That gold and silver is the
money of the constitution.
Second-That the silver dollar was
the unit of value in our coinage sys-
tenn fixed by the act of 1892.
Third-That silver and gold both
were the measures of value of all other
property till 1873 and the debtor had
right to pay in either metal.
Fourth-That the. act of 1873 was
surreptitiously passed.
Fifth-That for all time of which we
have knowledge gold and silver were
treated equally as money; both had
countries of the world until 1916,
when England closed her minis to sill
yer, and 1874, when the United States,
Germany. France and the Latin union
followed, and until 1874 the CONNER
cial value of the two metals were sub
stantially at parity with the legal
ratio.
Sixth-That prices of all property
are now measured in gold alone, and
are substantially at the present time
one-half what they would be under the
bimetallic system. Mr.. Horn frequent.
ly in debate substantially makes this
admission.
Seventh-That there were $143, 600, OOO
in silver coined at our minis prior to
1873. all of which coined prior to 1853
was primary money, and since 1853 the
silver dollars were primary money, and
by virtue of the right of silver to be
coined into primary money through
the medium of silver dollars, the whole
volume of the silver supply was behind
our monetary system, was exerting its
influence as a measure of value, and
stood ready to be coined and to share
equally with gold the demand for
money.
Eighth believe those who rea6
and carefully digest the debate will
conclude that have made good all the
propositions set fourth in my opening
statement.
In the few words left to me I want
to say that if the world, time out OF
mind, has had business panics and
most mems and women's lives have
been full of trouble in acquiring
the necessities and comforts OF
life, that our present civilization has
not removed the possibility of these
recurring panics, and that to a large
majority of the people on this earth
their almost exclusive attention ano
labors are given to acquiring a living
with, in most instances, Indifferent
and discouraging results, will be ad.
mitted by everyone.