Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1895-08-01

people, and 1t should have no money IN
the treasury except for It's current ex-
penses and improvements The money
should be among the people.
This closed the debate yesterday,
and an adjournment was taken until
Thursday.
CHICAGO, July 90. AT the opening Of
the Horr- Harvey silver debate yester.
day II was announced that but two more
sessions will be held, and that for this
reason the daily bout will be some
what heightened in order to admit Of
the delivery Of the number Of words
originally agreed upon. The debate
yesterday was marked by more than
usually sharp encounter between the
two contestanta Mr.. Horr called his
opponents attention to statement
which he had made In his criti.
cisms upon Senator Morgan, wherein
he said that the silver dollars
Of 412K grains were largely coined
previous to the demonstration Of sill
YER In 1878 and after the passage Of the
law Of 1851, making subsidiary coinage
Of less value than It's face. There
fore he inferred that Senator
Morgan was mistaken in stating
that none Of the Am dollars
had been coined from silver mined In
this country. Mr.. Harvey says that
the old dollars OF 4l2N grains were
coined for the people Of Nevada and
California, Notwithstanding thatat that
time the bullion was worth more
uncoined than coined. Mr.. Horr de-
MED that these dollars were coined
from silver mined In this country and
sent to the mint for that purpose.
Congress had provided that foreign
coin should DO received by the govern
ment at a certain fixed value,
and further that such coins
should not be again put In
circulation but should be recolned at
the mint The report Of the director
OF the mint showed that over 5000, 900
In silver had thus accumulated, having
been found in gold during the process
Of assaying 1t,
At this point Harvey challenged
IIorr's statement, saying that he had
not brought his authorities with him,
and therefore his arguments were en-
titled to no standing In the debate. He
then handed Mr. Horr statement OF the
directoro the mint, which he said re.
ported that during the year 1870, 4ls, 400
silver dollars had been coined at Car
son City. Mr.. Harvey again called his
opponent to task for not combining his
remarks TO the order Of debate origin
ally agreed upon, and said that he
would not be diverted from this order
He then entered upon discussion OF
primary and credit money, say
ing that an over issue OF credit money
caused II drain upon the primary money
for redemption purposes. An example
Of this had just been witnessed in this
country in the issue of bonds by the
present administration, for the purpose
Of maintaining the gold reserve.
The amount OF gold in the United
States was estimated at from 100000
600 to 5000, 900, 900, and Of our credit
money about $1,000, 100000. This was
too much credit money, he said, and
accounted for the country's financial
arrangement. The remedy was to In
crease the primary money by remone-
tizing silver Every moments delay
would endangor the safety Of the re-
public.
Mr.. Horr replying, called attention
TO msstatement OF the coinage at the
Carson City mint. Instead Of S4ls,492
the actual amount was Sl9 402 Mr..
Harvey said that he had mistaken the
dollar mark for figure and admitted
his error
Mr. llorr continued by saying that
up to the present Mr. harvey had NOT
said q single word In PROOF OF the ac-
tual subject OF dispute. lie had argued
at length that the act OF 1873 was con-
ceived In sin and brought forth IN cor
ruptlon, but had not brought forth
any proof and could not II did not ex'
list. History showed that o variation
OF ] per cent. between the commercial
and legal ratio between gold ana Sill
yer always drove the dearer metal ont
OF the market Now, with differ
ence OF oo per cent, what evidence was
there that a conaensus OF the civilized
nations - England excepted -- could
bring them to aparlty? Much less how
could the United States alone do 1t?
Mr.. Ilorr declared that Mr.. Harvey's
object was not so much to build up
silver as to put down gold, as was
shown by his provision for reducing
the size Of the gold dollar
Mr.. Harvey, referring back TO the
silver coinage between 1858 and 1873,
said that the silver coined at Phila-
delphia was coined into subsidiary
money, not dollars. He added that
the premium on silver was premium
at London, that transportation
charges would more than eat that up,
so the bullion owners In this country