New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-26

SHARPEST ENCOUNTER YET
HORR MEETS HARVEY WITH THE LAT
TIERS PET WEAPONS

AS THE END
DRAWS NEAR
Chicago July 25-Roswell IIorr vigorous
and vrile and William =. Harvey immobile and
unmpas sioned. discussed the comparative cost
of production OF gold and silver the cost OF food
| products and economic conditions in the United
| states since 1873 at to-days session OF the YER
bal controversy. The dcbaters approached more
| nearly to common ground OF argument IMAM III
| any previous days debate. though each was de-
| cidedlv independent In pursuing individual lines
| OF thought. regardless of points brought forward
By the other Mr. Harvey. apparently Is read
ing q series Of numbered essays on bmetallism,
while Mr. Horn either replies TO his opponent
| directly or takes up the question, he says. as
the subjects naturally present themselves In
order"
Mr. Uorr confined himself more closely to pre-
pared notes to-day than he has formerly while
the exponent of Coin several times released
his manuscript and gratned his friends with one
or two really eloquent outoursts. Harvey does
not need to he eloquent 20 gain applause. as the
silver supporters are the more numerous ana en-
thuslastic; but in closing the debate for TINS
afternoon he alm,r' forgot himself in a bitter
arraignment Of the money power and In pictur-
ing the future Of the country should the worship
Of Mammon become supreme.
MIR. HoRR PRoDs THE SILVER MEN.
Mr. Horr took especial delight in sharply prod
ding the silver portion Of the audience. who. he
said applauded every statement of mans mis-
cry and meanncss. Mr.. Horr was emphatic In
| answering a query propounded by f. }. schultz
Of Chicago who asked II the characterization or
gold would not greatly lower its price. Replying
Mr. Horr said: The questioncr assumes that
1t IS possible to demonerize gold. which IL abso-
lutely impossible. All the Nations in existence
could not dcmonctizc gold. DO YOU tim.
that all the laws Of the world could debread
wheat
MIR Harvey came on the scene %; action ~ the
Illinois club accompanied by his white-gowned
stenogIap hcr and the usual trunk-tray tull OF
manuscript and documents. II was noticed tha'
his short hair had been freshly clipped. nut
otherwi'e he IL outwardly unchanged from the
herlnning of the wordy fray. stronger air OF
confidence pervaded the delivery cf his speeches
Mr. Horn was armed with more statistics than
heretofore. Before he gets through he threatens
to denolish the silver champion with facts ana
figures thus meeting Harvey on ms o"H PCT
weapons statistics.
SOME OF THOSE PRESENT.
William A. Vincent presided with the vener-
able ex-Judge Miller The latter has not missed
n single session q the great taking match.
large proportion Il middc-aged and old men
were In the audience. Among those from abroad
were j. +. Sellers Macon. Ga. 4. Am"s. Lowell
Mass: !. Nelson Kelley. Grand Forks. y j.. w
II. Michael Washington; Fitzserh'd M"tPh,'
Los Angeles Cal: H. Maddox. New-fork' J
V. " Standish. Galesburg. H.. T. VI owens
Louisville. Ky. Ebcnczer Wak'ly. - 'hiche,
distributed circulars Il a forthcoming Work
which promises TO disclose the philosophy OF tn"
| monetary establishment" II bears the threaten
ing allegorical title ~ Tho Gentle Ass anu the
Judean Monetary Esnblfshment
a CnicaKo paper having asserted that the
Horn Harvey debate was gotten NJ FOR the ircu-
mary benefit Of the debaicrs Henry q, MiHrf'
one Of the Judges I'm tho contest. today pup
ushed A letter written II him by Mr. Harvey
before the discussion began. IN which Mr. hAr,
vey assigns all his interests III ~" PROPOSE
publication Of the dehat" 10 two trustees. 'h-
money 10 b. expended by them IN promoting The
cause Of free silver.
II was announced that only two more sessions
would be held and that FOR this reason the dailF
debates would be somewhat heightened Ia order
TO admit IL IN" delivery Of IN" number "i w'fpS
originally agreed on. An adjournment was
taken until Saturday
THE DEBATE ~ DETAIL
In his opening statement today, Mr Harvey
said:
(copyr'glt 1893. ~ .fs'' Ha'chJ
Mr.. Harvey-At the close Of the debate a, the
last session was closing with the discussion U
the relation o. primary ana srea of cret money
creates a lack OF confidence IN the ability OF ne
NOME 20 bssins In other words It
a run on the Government FOR the redemption OF ~
bonds to borrow primary money II does not wan,
paper token money but must M IL, p'.' nnr
money. So long as this unhealthy reiative bropol
ton Of credit money 10 primary money Gohtlhnrs'
the run the Treasury VIII continue ana t"c er'
rowing by the Government must continue. AZ, AZ
tho more II borrows the greater N" strain. as me
interest bonds demanded IN primary mon@y %
now in n,ed States Is Yario%ssiy cssma,cd at
from sl91S" on TO Is abou, ,cococS
Hence n surplus ~ from $iooOoN1o 10 Spvp.~ or
re eii initeI stats Treasury must continue TN the
credit money is reduced to me lunm.'w U e1s' ~
the country or ss So cnce we ali
financial systems primary money ana our .rrn
cyyedit system begins with credit money The next
stem in our credit system IS individual credits In
nnnts and other forms o. Indebtedness. all resting
on what IL actual money primary moncy. 10 20
bring order out OF confusion. We want 10 go 10
work at once 70 build Wy on. s'D'k OF pnnis
TO 10 hs ne rs s'ep IS No ,hs oG
laws substantially one mass OF metal cons'iiutinf
primary money When , we sca !" w a vlll se
how this VIII IN no way pTeyeni ho'l ,hc c g1
will return 20 prosperous cohdiioh
DopGING THE REAL QUESTION.
ur ,,orr I'm 70 this moment Mr. Harvey has not
so,d one word upon the real question in debate He
snent hours 10 prove that the law Of 1873 was con-
| ce,yed in sin and brought forth In lnquity. | CAV"
a short Ssuccinct history Of the origin Of the bill.
and the steps taken In It's passage lie has not sue
cessfully controvertei single statement Of mine
| lie has nowhere proven any act Of bribery or the
influence OF money In single step taken during the
! progress OF that bill through Congress. He or no
| one else ever will. because there was none NV
proposition Is that gold has remained nearly STA
iionary I'm price 1873. and that silver has fallen
in price in accordance with the great law OF supply
| and demand and that the cheapened processes Of
| production with the increase OF the supply. has
| driven down the price OF silver.
! MIR Uaryey-Wc have thus far considered what
primary money should be made OF and IT, relation
/ Ito Ia linn
inaulre into the quantity necessary 10 transact the
| business 81 the country. How much money does
the aggrcgnt" business OF the country denandy W..
have seen that there Is not 10 exceed t"pvo~" OF
primary money (gold) I'm this country, ana Sl.""V"-
In circulation ~ primary ana credit money com
/ blned II this properly proportoned credit TO
primary money-woud II be enough II is In erect
admitted by the other side that II IL not. hut they
say bank credit with the check system supplies the
| balance The Coinage Laws and Appendix we