The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-07-17

as to the Relative Merits of the Two
Metals as Mediums of Exchange.
CHICAGO, June 1.-THE great ten days
debate between Roswell G. Horr, the witty
ex-congressman from Michigan, now n
resident of New York. and William H.
Harvey, the author of Coins Financial
School, " was opened yesterday before a
select audience at the Illinois club on Ash
land avenue.
Both made brief preliminary addresses,
Mr.. Horn speaking for a gold standard
and Mr.. Harvey for free coinage of silver.
The audience was impartial, applauding
the telling points made by each contestant
literally.
The debate proper began by Mr.. Horn
asking his opponent to tell plainly If there
was ever any sue school held as that de-
soribed in the book Coins Financial
School" Mr.. Horn said: II find all through
the book a large number of statements at
tributed to a very considerable number of
business men of Chicago, and l I'M in
formed that these men never one of them
uttered a single word attributed to them.
If the book is written as an allegory l
would like my friend to state why he did
not use, as all literary men have always
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Mr.. ~Harvey-"The school is an allie
CORY. 1t marshals the opinions of the
two sides of the controversy, so that one
IN Imagination can see the conflict of
opinions and the contest as it proceeds.
1t puts in the mouth of the gold standard
advocates their we'll known views, fairly
stated, with which the country had been
Hooded up to the time the school was
written. The strength of the book was
intended to be in the fairness of stating
these views. The fact that a little boy in
knee pants was the Instructor of the men
was supposed to be sufficient to fix the
story as allegorioal.
Mr.. Horr-"Now l come to the motto of
the book, which is this: 1 thank Thee,
oh, Father, Lord of heaven and earth, be-
cause thou hast hid these things from the
wise and prudent and hast revealed them
unto babes Does my friend desire to in
innate that the kind of finance which he
beaches is something that babes will un-
%lerstand, but that people who know any
bhing will never be able to comprehend
Mr.. Harvey-"Mr. Horn misinterprets
HE meaning Of that verse. The word
babes is intended to mean the pure of
mind and unselflsh. 1t is in that sense
that 1t is used in the Bible, and means
that those pure of min and unselfish
can see clearly those things which the inn
pure of mind and selfish cannot see or un-
derstand."
Mr.. HORT submit that hat motto
does not give an excuse for "a boy because
be is in knee breeches to stop telling the
truth. 1t does not give the boy any right
10 misrepresent facts"
At this point the contestants discussed
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Coming to the money system of the United
States Mr.. Horn said:
1.-THE first law that was ever passed in
the United States ON the subject Of money
was July 6, 1885. That was two years
after the subject had been discussed in
svery shape and form by the people and
press of the United States. 1t was re-
solved that the money init of the United
States of America be one dollar, that the
smallest coin be of copper, of which two
hundred should pass for one dollar. That
Is all the law there has ever been on the
subject and all that has ever been said
about it anywhere, So we had first the
money of the daddies, of copper, no doubt
about it. Now comes the next important
legislation upon this subject: Resolved,
that the standards of the United States of
America for gold and silver shall be eleven
parts fine and one part alloy Originally
shat was the weight of alloy in all coins of
the United States. Afterwards we reduced
the alloy so that it was one part in ten"
Mr.. Harvey-"What Mr.. HorT says about
copper used as money during the Conti-
Mental days preceding the adoption of the
constitution is trivial to be used in this
argument. After the adoption of the con-
stitution a bimetallic system was provided
for in the constitution. Section 10 says
No state shall coin money or make any
thing but gold and silver coin a tender in
payment of debts 1t says gold and silver,
not gold or silver. This is the constitu-
zion. The states surrendered to congress
the right to separately coin money, but
expressly retained the right to the use OF
silver and gold as money, neither as token
money, one representing the other, as sill
yer is now coined representing gold, but
both as money in their own right"
1.-THE men who framed this constitution
then proceeded to give 1t the construction
Intended. They gave both metals free and
} unlimited coinage, Both were given full
and unlimited use in the payment OF
debts. There was no discrimination madC
In the use of the two metals except that
the unit of value was TO reside in the sill
yer dollar, and that gold coins are to be OF
the value of so many silver dollars.
"Daniel Webster said; Gold and silver
Is the money of the constitution. The
constitutional standard of value is estab-
lished, and cannot be overturned. To
overturn it would shake the whole sys-
tenn. Gold and silver at rates fixed by CON
gress constitute the legal standard OF
value in this country, nj neither con-
Rress nor any state has authority to es
bablish any other standard or dispose Of
this
Mr.. Horny friend Harvey think
the government Of the United States orig
mated in 1892. had supposed this gov
eminent commenced on July 4, 1776. II
1887 congress resolved that the STANDARD
( Of the United States of America for golC
: and silver, both together, should be clever
: parts fine and one part alloy. That wa
y precisely as they had decided before. The.
y were organizing a new system Of money
r something that had never been known OF
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