The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1895-08-02

! passage of the decentralization bill. MIR.
| harvey quoted from The Bankers
| Magazine. showing an aggregate in n
of $4,000. 600.
Mr. Harvey said: This debate is
coming to a close virtually to-day. be-
cause on Monday / shall speak exclu,
sively upon the Independent action Of
the United States
CAUSE OF FAILING PRICES.
Mr. Harvey denied Mr.. Horr's asser-
ton that falling prices were the result
of improved facilities. Mr. Harvey said
ii is the supply produced and the de-
mand for 1t that regulates the price Of
such products Suppose a widow own
ing farm receives the voluntary as
sistance of her neighbors to raise and
harvest her wheat crop. VIII her
wheat be worth any less than the price
fixed by the quantity of wheat in exist
ence, known to the traders, and the es-
timated demand for It? If all the corn
crop in the United states were destroy
ed except the crop in Iowa, would the
! Iowa corn price be governed by the
cost of production, or the relative sup
ply am demand for corr? The cost Of
production has nothing To Go With 1t.
\ man may produce an ounce OF gold
Tor ten cents, that is worth $50. The
fact that it cost him ten cents does not
make it worth less than $40.
A PLETHORA OF MONEY.
Mr.. Horr-Mr Harvey is mystined
because he takes it for granted that
the business of a country entirely de-
Ponds upon the amount per capita of
the circulating medium. lie insists
that If you shrink that you ruin the
business in thu country. There are
large number of men who believe that
doctrine, but no more transparent
humbug was ever taught the people Of
this or any other country. Money is
plethora in this country to-day. There
are hundreds of millions of dollars ly-
ing idle simply because there is no.
body to use 1t. Did you know that?
Why, my friend Harvey and all you
men who talk that way as usual get
the cart before the horse. 1t is not
abundance of money that makes bust
ness active; it is business that makes
money active in this world of ours.
lApplause.l And until you can compre-
bend that point, Brother Harvey, you
will never understand this financial
question at all. [Laughter.l
Mr.. Horn explained that the sufIi-
cheney or lack of sufficiency of bank
ing facilities had much to do with the
question of the necessity of a large or
small per capita circulation This
country has a per capita of $26.02. Can
ada has $40 per capita, but Canada has
an elegant banking system-no better
on the face Of the earth than the Can
adam system of utilizing banks. Swift
zerland. one of the most prosperous lit
tie Nations on the face of this globe,
has only $14.4S.
The ratio of money to the population
proves nothing. What we need in the
United States is good wages for work,
steady employment for our men, and
we have got money enough to do twice
the business we are doing. [Applausel
Mr.. Harvey-At the conclusion of this
debate Mr.. Horn and L have $500 words
each at our disposal to write at our
leisure within seven days after the de-
bate, to sum up the debate, and any
thing in Mr.. Horrs arguments that |
do not reply to to-day / Will attend to
in thatsummary, because there is only
a short time left to us, and want TO
answer some matters that have been
introduced into this debate at the ear
lier stages. l want to speak few mo-
ments on the proposition that wages
have increased.
ORGANIZED LABOR AND WAGES.
Speaking of organized labor, Mr..
Harvey said:
ORGANIZATIONS sustain wages for
those actually employed while engaged
at work, but when you average the
wages by including the unemployed,
and include the expense and time LOST,
it DOES not do So Make the calculation
this Fway and you will find that the
gold basis has measured itself in wages
with mathematical accuracy.
This condition is not healthy; 1t Is
not good for the country; 1t breeds
strife, 1t creates loss to industry and
labor; it destroys manhood; 1t makes
criminals. The cause for 1t should be
removed. [Applause] The labor or
ganizations will continue and have
right to continue as long as money is
organized; as long as monopolieS are
organized. [Applause.l But we should
have a civilization that would make it
unnecessary for any organizations of
that character to exist.
I'm Europe wages have been forced
down to the legitimate level of the gold
standard. The bayonet has been used
to do it. Later it will do it here. The
interest of the laboring man is on our
side. We will hold his wages up with
out strikes or the expense of strikes.
AS the gold Of California and Australia
raised his wages, so will the silver OF
our mountains, as it pours into our
metallic money stock as primary
money, raise his wages. There will be
work for all, and the strife for labor
will cease, The man who now has
work or a situation and selfishly rea-
sons that he benefits himself by main
tanning a dear dollar, is neither broad
nor humane. He is assisting in wreck
ing his country, and 1t may be too late
to remedy the error when he, too, is
without employment" tApplause.l
lftE IOlLh<hN 1ANSlNlLADI'
Mr.. Harvey asked If the public were
not deceived about wages being in
creased. Referring to the reported 10
per cent advance in wages at Pullman
affecting 1000 men, conceded by the
company without demand by the toll
ers, Mr.. Harvey said the facts are that
there has been no advance made in
wages at Pullman, and that Mr.. Pull
man himself admits that there was no
advance made, and what they ment
was that they had given the men that
were at work about 10 per cent more
work to do. They had previously been
working only half-time. [Applause.l
Mr.. Harvey read letter from Thorn
as l. Kidd, general secretary of the
Machine Woodworkers International
Union, saying: IF clothes and food en-
braced all the necessities of the labor
ing people, the dollar would unques-
tiopably be Of greater value to them
than eyer, but they do not and what
the lahorer may save by cheaper
clothes and food Is more tha1 Offset by
increased rent alone, When all things
are considered, the real value of the
dollar is no greater now than in 1866.
one trouble that labor will now recog-