Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1895-08-01
saa.aD OF SILVER TALK.
THE HoRR HARVEY DIS
CUSTOM CLOSED.
The Feasibility of Uncle Sam Adopting
Free Coinage of Silver at 10 to L.
without International Agreement De-
bated on the Last Day.

the Harvey-Horr silver siege opened
yesterday afternoon. The days at
tacks were directed at the question OF
the Feasibility of Independent action
by the United States on the remone-
tization of silver and its free and UNI
limited coinage at ratio OF 16 to l
with gold, regardless of the action of
other nations. Mr.. Harvey argued for
such action, Mr. Horr against it.
Mr.. Horr declared it was useless to
try to fix the relative value of any two
substances by legislation. Suppose
congress should try to fix the relative
value of bushel of wheat and a
bushel of oats. As soon as one of them
had large crop, up would go the
ratio, and legislation by the nations of
the whole world would not MAINTAIN
the ratio any more than it would make
water run up hill. The law of gravity
would stand in the way; it was so in
the matter of the ratio between Silver
and gold. The law of supply and de-
mand stepped in there, and the history
of the world shows that it is impossi-
BILE to maintain fixed ratio between
the precious metals
Mr.. Harvey then took up the ques
ton as to what is becoming of the sill
yer being produced at present. He
first quoted statements by authorities
that the increase of the use Of the
metals in the arts had grown so large
there was always ridiculously small
supply in Europe and there was de-
mand for practically all of the articles
the United States produced. Proceed
ing, MIR. Harvey said that gold was ir-
regularly produced and was boarded
by the few rich. Silver, on the con-
trary, when more valuable than gold,
was boarded by the mass OF the peo-
pie, thereby comforting general BEN
eft. 1t was for this reason that silver
had been a more stable metal in the
past than gold.
Mr.. Horr said that Mr.. Harvey had
the unfortunate habit of comparing
things which had no relation. That
was the matter with his cube argu
ment on gold and silver. The cubic
space which they would occupy had
nothing to do with their value. Re-
Stunning his argument and referring to
Mr.. Harvey's statement that the re-
monetization Of silver would reduce
debts by one-half, Mr.. Horr said that
by far the largest part of the debts in
one year old. The old time debts
were those of large corporations.
The next time debts were contracted
under the existing gold basis, and to
reduce them one-half would be to re-
pudiate that one-half He declared
that cheap money could not be sub
stituted for good money without in
iuring the mass of the people. The
people who would profit by such
change would not be the rich, but the
monGV changers. Mr.. Horr then pro-
ceeded to enumerate the classes of
people who work for their living, argu-
ing that they would be injured by
cheap money.
Mr.. Harvey returned to his cube ar
gument, declaring it was a valuable
object lesson. 1t showed that the
Rothschilds could corner the gold of
the world in their vaults Resuming
his argument Mr.. Harvey said the gold
advocates feared that debts contracted
in gold would be paid in silver, and
the man who had stipulated to pay
gold would have to buy it at q pre-
MUM. This was fallacious. AS
soon as silver was remonetized no man
could stipulate for payment in gold;
the demand for gold would
decrease at the same time the demand
for silver would increase, and soon
the difference between the metals
would be wiped out. Soon the pur-
chaser would be able to get more in
gold for what he had to sell than now.
He declared that it was not the stamp
on the coin which gave it the value,
but the making of new use and new
demand for it. If, at the next gem
eral election, a bimetallic congress
should be elected, the Rubicon would
be passed the next day. Silver would
at once begin to appreciate and gold
to depreciate. And they would be at
parity before the meeting of congress,
and as the greenback dollar became
equal in value to the gold dollar be-
fore the resumption act came into
force.
Mr.. Horr declared the trouble was
that with free silver coinage gold
would leave the country and our bust
ness would be on basis different from
the rest of the world, He argued
there was enough gold in the world
for the transaction of legitimate bust
ness and the annual output of the
mines of the world was large enough
to meet the increase of the worlds
business.
Mr.. Harvey declared he was in favor
of independent action by this govern
ment because it would right great
wrong; because its continuance would
be injurious; because the nation should
be independent of Europe; because we
should be free from tribute-paying to
Great Britain; because our power is
sufficient to compel Europe to come to
our standard in order to do business
with us. International balances were
settled by weight anyhow. There was
no such thing as international money,
The debate then closed by Mr.. Horn
presenting Mr.. Harvey with two coin:
of two different metals because Mr.
Harvey was bimetallist. The debat
ers then thanked each other for the
courteous treatment shown by boil
and the debate came to an end.
For Daisy Threlkeld's Murder.
HoUsToE, Texas, July 3O.-Henry