Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1895-07-27

ing the very men that you say were
trying to impose that bill upon this
country for the purpose of aiding men
who are rich. Was anything more con-
than proposition of that
kind?
Near the end of the session Mr.. Horr
pumped the main question: "Ought we
to again throw open the mints of the
United States to the free coinage of
silver?" Mr. Harvey was evidently TAX
en- by surprise, but stood by his guns
and insisted upon proceeding with his
attempt to prove that the demonetiza-
tion of silver was accomplished with
surreptitiousness that was criminal.
Copyright 1895, by Azel F. Hatch.)
CHICAGO, July 23. - Although the
weather was cool and pleasant yester-
day, the attendance at the HorrHar-
vey debate dwindled down perceptibly.
There We're just ifty-three persons
present when Mr.. Horr reopened the
discussion, for the first time since the
beginning of the debate reading from
manuscript. During the nineteenth
century all the great countries had
adopted gold standard, he asserted,
but had not discarded silver. However,
none of them had opened their mints
to silver. He then dipped into the his
tory of finance in France and was still
talking of it when interrupted by the
bell.
An attack on Senator Morrill, fol-
lowed. He was not very careful of the
truth, said Mr.. Harvey, when he stated
that no silver dollars had been coined
for many years prior to 1878. Copies of
the mint reports for several years pre-
vious to 1878 were here submitted,
showing that several millions of dol
lars had been coined in those periods.
Now" said the author of "Coin," 'if
Senator Morrill, could not tell the truth
in one particular, have the right to
assume that he could not tell it in any"
Mr.. Horr warmly defended Senator
Morrill,. He said: when Senator
Morrill, made the assertion that there
had been no silver dollars coined for
many years prior to 1878, he did not
mean to be taken literally. He meant
that in comparison to the amount of
gold coined there had been practically
none coined, and that is true. Mr..
Harvey has way do not like of try
! ing to smirch the character of every
body who differs from him in opinion.
Mr.. Harvey admits that he made one
bad misstatement in his book and, ac-
cording to his method of argument, /
have a right to assume that he is wrong
in everything"
Mr. Horr quoted from Mr.. Harvey's
book that the objection to independ,
ent bimetallism is that the parity be.
tween the two metals cannot be main.
tanned at our ratio of 16 to L; that is,
the gold % $40 grains in the gold dol.
lar will be worth more than the silver
S7114 grains in the silver dollar;" and
with silver remonetized, and a just
and equitable standard of values we
can, if necessary, by act of congress
reduce the number of grains in gol6
dollar till it is the same value as the
silver dollar. We can legislate the pre-.
MUM out of gold"
He asked what becomes of Mr.. Har.
vey's ratio of 10 to 1? Here is what he
virtually says: ''The gold dollar may
be cut down if need be so that the ratio
shall be 16 to a." His mathematics
however, are as defective as his veraci
ty. Mathematically 16 to q is the
same as 50 to 1, so it is not the ratio HI
cares about.
Mr.. Harvey-Mr. Horr says that
deny that the two metals can be- KEEP
in circulation at fixed ratio. L have
not said that, for they can be, as the,
have in this country. i know the.
have attempted to make you believe
there was no gold in circulation in thi
country or seeking the mints, afte
1850, but both were misrepresentation
Mr.. Horr flies in the face of history
when he says that silver was not uset
prior to 1878 as a measure of value. Sill
yer was the unit in that coinage sys
tenn regulating the size of the gol'
, coins, but the two together were tn
measure of values, and that is what W
mean by the double standard. Nh
Horr alludes to something have SAT-
before and then adds: "Cut the yar
stick half in two and it will make twic
, as many yards of cloth in the world
Now, in 1878, you doubled the lengtI
: of the yard stick.
Suppose one-half of the gold in th
world were destroyed tomorrow be
yond recovery, would not the gold do
, lars that were left be twice as valuabl
as they were before? Mr.. Horr is no
bad pupil and shakes his head. S
that when you destroyed one-half c
: tine redemption money in 1878 yo
| doubled the value of the money tina
: was left. You can see no harm in dt
) stroying the price of a mans property
} cutting the price of his property hal
in two, but your eyes are wide ope
+ when any man proposes to even u
[: with you by proposing to cut the gol
3 dollar half in two. We don't wish
: do that either, We wish to put back j
! the coinage system the money that yo
I demonetized in 1873"
E. Mr.. Horr denied that destroying TIL
? primary quality of half the gold in til