The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1895-08-03
THE SILVER DEBATE.

MI IIorr and Harvey has closed and IL it
has resulted il nothing else It has set a
great many people thinking about mat
ters pf fin nce who scarcely ever gave
the subject a thought before. Apart
from this it cannot be said that the de-
bate was, highly satisfactory as a con-
Yincing argument. There was too much
historical matter INDUCED i'll and not
enough Of existing conditions. a sys-
ten, Or q principle that might have been
satisfactory one hundred or even fifty
years ago might not prove acceptable to
present needs ID. ..:5. 5g s53..5 q 81: IN.
Tn closing. Mr.. Harvey probably told
the substance OF his book Coins FL
nancial School as we'll as indicating
what course he thought the American
people should pursue. He said he was in
favor 81 Independent. action, by this
country: because it would right a great
wrong; because the present conditions
being continued would only grow worse;
because this nation should be independ-
ent Of Europe; because we should be free
from tribute paying to Great Britain; be-
cause our power is sufficient to compel
Europe to come to our standard in order
to do business with JUS. International
balances were settled by weight. There
was no such thing as International
money.
50 Mr.. Eorr combatted Mr.. Harvey fierce
ly. He said there was no such lack Of
prosperity in this country as Mr.. Har-
Eey had claimed and that it was fact
that no people on the, face of the earth
had been as prosperous as the people of
the: United States since 1873.
The contention Of Mr.. Harvey, how
ever, was that free coinage in this coun-
try would establish parity. and then
gold would be found there. The man
abroad who had not silver would have
gold. If the United States would take its
stand it would prove itself stronger than
Great Britain. France had promised to
stand by Us; Mexico and South America
would do the same, and these com bined
would force Europe to recognize silver.
The opposite side to this argument on
the part of Mr.. Horr. was that silver had
had its day as the money Of final re-
t1emption, but thai. it would continue to
he used as subsidiary money. Gold was
the standard of the world, he argued,
and had come to stay.
e. In. closing Mr.. .HaryeYfsaid that the
United States was the. chief producer OF
silver: Until 1873it was the most sacred
metal Of our coinage. twas the measure
of att values. In 1S73it was struck down,
AS Caesar was by the dagger of an
assassin. The gold Standard men had
set up standard founded on a crime as
a .standard for the morals Of the nation
s5za Continuing MI. Harvey said that with
the growth of the money power came In
crease OF salaries and corruption. 1t
was the same in all Of the opulent ma
tions. In 1873. II 900 bushels of wheat
would have paid the salary of the presi-
dent OF the United States, which was
stleu= 41ospyV @ y ed1t, $Ioacsy ~ "ouAu Se1lAo
$4,000 bushels OF. wheat to pay the presi-
dents salary of $4,000 a year. The
friends Of silver were fighting the battles
of the people the world over. On their
success depended the liberty Of the
masses. Apprehension had driven the
liberty loving to its stronghold and there
was nothing beyond except the islands
Of the Pacific. A second Declaration Of
Independence was needed.