The Dickinson press. (Dickinson, Stark County, D.T. [i.e. N.D.]) 1883-1927, 1895-07-20

aware that the illustrations In that book
are great aid in presenting clearly its
views. We md this true In our schools.
Many scientific works rely on illustrations,
and our newspapers ind that illustrations
make plain many ideas that could not other
here to defend orally those same principles.
I expect to make good in this debate the
following propositions:
"First-That gold and silver are the
money Of the constitution; that the silver
dollar was the unit Of value in our coinage
system IN this country from 1902 to 1873,
Just a. the yardstick was the measure of
length. That gold was measured In this
silver unit, and concurrent coinage given
to it (gold); that silver aud gold combined
constituted the legal standard Of value In
this country till 1873; silver measured gold;
the two together measured all other proper
IT,.
"second-That the act of 1873 was sur
reptitiously passed.
"Third-That during the period of 1902 to
1873 the mints were open to the unlimited
coinage of both metals into primary or re-
demption money, and that both were treated
A. such. That during that period people
had right to have either metal coined into
full legal tender money. and that the option
was with the debtor to pay in coins Of
either metal.
"Fourth-That this bimetallic system
made an unlimited demand for both metals
to be coined into money, increased the de-
mand for these metals. and so long as this
law authorizing any one to coin 371A grains
Of silver and 23.2 grains Of gold into dol
lar there was no one willing to sell either
for less than q dollar.
"Fifth-That the option to pay In either
metal caused the cheaper Of the two metals
to be used. and transferred the demand
from the dearer to the cheaper metal and
restored its relative commercial value. We
are for both gold and silver. We are called
silver men because we are defending the
metal that has been demonetiEed.
"Sixth-That 1t is to the interests Of the
United States to act independently In the
reconciliation of silver at the ratio Of 10
to I, without waiting for the action Of any
other nation.
''Seventh-That monometallism consists In
the use Of the dearer Of the two metals 10
the exclusion Of the other as primary or
redemption money; that monometallsm Is
an experiment on trial for the first time
In the history Of the world, and began with
the period 1873; that 1t is impracticable and
impossible as stable money measurement
Of values; Is not based on scientific tinancia!
principles; is in the interest Of the money
lenders. and against the interest OF the
property owners and laborers
Prices of Property.
"Eighth-That the gold unit. AS the meas
ure Of values, with no concurrent coinage,
or another metal to asst 1t In performing
the functions Of primary money. has caused
the fall In prices. as compared with 1872.
when the worlds prices Of property were
measured In the money mass OF 10th
labor have declined accordingly as COM
pared with 1872, except when litl,i mp rr-
latively by increased demand o: Snort sup
ply or combines and trusts or special r.:,-
sons affecting a particular service or prop
erty. That the average price OF all pro-
duction except gold, will show tlls decline
Is adjusting itself to the gold standard.
And that when we include in labor the I'm.
employed and the time lost by those en-.
ployed there Is fall in wages Of onc-llnlf
as compared with 1872. That labor Is ad-
3usting itself to the gold standard measure
ment of values.
''Ninth-That the decline In prices cover
ing q period Of twenty-five years has as q
rule made all classes Of productive mercan-
tile and manufacturing business IN.
Covering long period destroys the
prospective profits based on cost Of pur-
chase and production and majority Of our
most astute business men cannot avoid fall
ure or loss Of capital under these condi-
tions.
"Tenth-That It has worked hardship
anu injury u ucUlOESs ~nUs uuCOuSCiOuo VI
the causes that continuously reduced the
prices Of their property, have contracted
debts during these twenty-five years. That
this fall in prices caused a sacrifice Of prop
erty to purchase the dollars with which to
liquidate these debts. That this has caused
the renewal Of debts, the contraction OF
new debts to pay old debts. and an en-
larged volume Of all debts: That this un-
Justly takes from debtor his property and
emphasizes the Importance of stable
money measurement Of values.
"Eleventh-That in the end, no one is
benefited by fall in price but the money
lender. the owner of money and securities
payable in money, hxed incomes.
'sTwelfth-That the foregoing facts and
conditions produced by a change In our
money measurement Of values will impov-
erish the masses of the people. and points
by reason Of the disturbances that 1t will
produce. to the overthrow Of the republic.
''To all unbiased men. and those who will
lay aside their prejudices during their read