New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-18
oNMERY
L "SEC"
e CHAMPAGNE NATURE (Vin Brut).
Owing to its rare Excellence
commands a higher price in
Enq/and than any other
Champagne.

Champagne.
ing with the public or any one else 10 msieau '''"
And in dealing with this financial question nave
looked both sides of the question to jung ~
'one hundred and five millions SILVER Is nor f had
Test did % H ne % Book tina, COPIED it from
When he corrected the mistake SIX '" %nm pro-
war ward rh read sdS silver was pressed
passed through Congress In TINS FORM, 'n MY he
OF the H prnxSSr va" for the silver dollar size
Of French hvefranc piece, ana WIN In t .e ,srns TO
e sVer EXCEPT see % the trade dollar make the bin
opera tive this respect when the s,aunr srnd in
the latter part of that there fhG1n De
no coin stIuG at the r mns fee Clause could
be easily repealed limited under the re- the
and Rs Ss tubs @ read
close the mn,s to silver FOR 70 'as epds for
only existed as 10 the silver dollar 10 ntrels and
dollar was tier object TO 'n Standard silver dol
the purpose This was the pr1Erabm ANN sn nad
was aftsrward faithfully caG pnare out TO- silver dollar
the size OF French fivefranc piece. hau pe t,h ,h
in the bill. we would have had bime'"i's" VII" '''
TO understand why a bill changing The unit from ON
last moment and thus fraudulenty changing our
system could be put through congress, az one
must consider the situation II then existed lheie
was no silver gold then In circuiatlon eNrT pp "a
California Paper money our currency Gomez
money was not daily asserting Is importancs a. ,d
1884, when the money power 'riea 10 wod have been
an object lesson reminding Congressnen ~ '''
principles on which coined currency Is iouh,cl
majority OF members of Congress had entered pubic
life after the suspension OF specie pa. inensS 30,
0 To con n fe n0a aso AN era Of corruption in
official life followed the war; the ayer"ee , lga
private Gift and that II TO be utilized to bsnelt
himself and those who had assisted him to Once
AN INCONSISTENCY POINTED OUT.
Mr. Horizon page 10 Of your book you say that
on account Of the scarcity Of silver bo'h 'eHc'9o'
and jackson recommended that dimes. quarters
and halves would serve the people better than DOL
lars until more silver bullion could be obtained.
This was the reason why only about %.V""O OF
the $s05. 100000 OF SILVER was coined INTO "o"iS'
You gave that it was on account OF the sTarr
page Of youi book. you must have forsoiten wnat
X Ss nad s2 from or pn Gf the London
in which You show that silver was not sSaf oo a,
the most plentiful. that had been at any one time
during the experience OF the Government. Now.
you had turned 10 the Mint reports of the nltei
States for 1898 page IS. you could have found out
just why they stopped the coinage OF ne silver ioi
lar. and then you would not have written mat a. II
account OF the scarcity OF silver: ana tnrn
there was not any scarcity. You would also have
a dqpe l IN se he bccr Of the Mint
page IS: mo issue OF silver dollars was made from
suspended bv the direction Of President Jefferson.
owing TO the fact'-now mark-'that their bullion
value being greater than their lace 'aiue 'ney were
purchased fc~ export.
THE CHANGE TO THE SINGLE STANDARD.
We now come TO the discussion OF the law which
changed this Nation from a b!metal!c Nation 10
single-standard Nation the law Of 1873. The law
of 1873 had its origin all such laws have. IN the
brains OF experts. The question OF coinage" mint
age is most intricate one: II is one OF the most
complicated problems with which philosophical
men have grapped. II has been a process OF
development from the earliest stages OF humanity
down 10 the presen; time which mas given US me
perfect system of money, though not Prrie'' rs a.
perfect as IT has come TO be- at TINS time. me
first coinage law was passed in l1* In lHSi me
law as to mintage was changed in material
matter for the first time II done by reasing
done because experience showed those people that
gold would not circulate under the ratio OF - to !.
Inc sag p~rrencv ont Of the United states
Several members Of Congress insisted that silver
Currency only But it was done and, as those men
In the United states. 1t lawful to use the silver
dollar after that h same A. os1one s 6n, the p
because they could sell the silver dollar and get
than the lace Of the silver dollars called for Then
a law was passed providing for the subsidiary coin
country such measure had already. as remem-
Ssr IT, 'f ty nea ali the CIVILIZED nations Of the
world The way they managed 10 Keep 1t 10 circula-
h On Ta' IN ~ the hafioar quarter dollar and The
ms less na then be2 mad to the be coin
that no could afford 10 melt IT, because then they
sGg not a get s y hey ai s enea o as I'M
ton in the United States. Now. have given his
s%p Mr mat na cey no the law Of s darng rs
progress through Congress
ORIGINATED IN LONDON.
Mr.. Harvey-Mr. Horn says tina, have no proof
that the scheme was concoc;ed In London 10 demone
tie silver in the United States Silver demone-
zed in England and in England OILY, prior to the
day II was demonezcd in this country. London
bankers initiated the Paris conference Of 1871 at
which Mr. John sherman was present. therefore
have the right to say the conspiracy originated in
London
In 1873. when this treachcrous act passed.
ing ali the years from 1892 1861 1t
ally IN use and being tested for its merit. no one
proposed 10 demonetze either Of the metals. except
some money-lende from Europe. who proposed IT
in 1854 Nppause) But at that time. 1879. wher 1t
movement was begun and consummated. caution
the reader that all discussion by Nj Horr OF ratios
School," and when get to 1t will be time enough
to argue II. and when We do +, will not be such
understand IT,
QUESTIONS ASKED AND ANSWERED
This closed the debate for the day. and qucs-
tons In order
Mr.. Horr-The first question / have Is by James
Bollinger ] see he asks us both 10 answer IL. /
will answer 1t ard then pass II 10 Mr.. Harvey.
Why is II have had so little silver gold since
the passage Of the act OF 1882 Is the question II
Is impossible for to tell. unless know how you
have been behaving since 1873 Applause
Mr.. Harvey-My answer to IL is, because
have been on a gold standard. U.ong applause)
Question by II. S. Taylor-Did not Thomas Jencr
son. in making report 10 Congress In 1906 quote the
report OF the Director OF the Mint TO the effect
that great increase In coinage OF fractional silver
made at the special request Of bankers be
OF a demand for fractional coin. and 10 pre-
vent the expectation OF silver?
Mr. Horr-I would say Mr.. Taylor that ! do not
know whether he did or not. /! anybody will