The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-08-07

/ no more tAaH tie commercial value ol
the silver in the standard dollar is a
complete admission OF this point,
Hence | have right to assume that his
| plan contemptate5 auch q result,
Mr.. Harvey said nothing 10 Offset my
proposition that such action would de-
stFoy the credit OF our people and lead
TO busineis diIaltsr In every community
in tho United States, Good money may
rightly bs called the life blood OF the
nation, but credit is the only atmos-
phere OF business life. The perfection
Of crAdit is tho glory Of modern business
methods. Reputation In any form is
abh9SFsRt to honorable men,
What has MS. HRrVsv said TO dis
prove my SsassmsntsG Absolutely
nothing.
HARyEY's SUMMARY.
Mr. Harvey's reply to Mr. Hou'a
summary;
supported my proposition that pri.
mary money only is the measure ol
values, az will appear on paRss 26i. 27O
and 27s. as now published In the official
report
l made no statement ~ to the eoudi'
tion OF tha people on the 18th and 10th
centuries. read \ statement from the
report OF the monetary commission oil
1870, to show what tho preface In the
school was quoted for. More recsnI
history was of more Information to the
people. II ! had Ieen otto dsiend the
report. my defense wonld have been
complete. The book By SuesS vas
written in 1891 and the reader
by turning TO pages SO aud 100
OF the book on coinage laws
and statistics will get the answer to his
$3.50, 100000 gold coinage statement.
His statement iS not true. Couple with
this the further fact that 4 large pes.
centage Of the gold used in the arts are
gold coins / then submit the whole
controversy TO the intelligence OF tue
American people.
The debate settles, In my judgment,
the following propoiitions: First-That
gold aud silver is the money OF the con-
sgitution. AlF. HorT did not controvert
this. Second-f'hat the silver dollar
was the unit OF value in our coinage sys.
TEN fixed by the act OF l792, Sir. Horr
ad,nita this. Th!rl-!hat silver and
gold both were the measures Of value OF
all other property till 1873. and the
debtor had right to pay in either metal.
Fourth-That the act OF 1873 was sur.
reptitiously passed. FlfLh-Ihai, Tor
all time OF which We have 4 knowledge,
gold and silver we're treated equally as
money. Sixlh-Ihat pTicea ol all prop
eEty are now measured in gold alone,
and are substantially at the present
time ons.half what they would bs under
the hi.mosalIic system. Segsnih-l be-
liave those vino read and carefully digest
the debate will conclude that l have
made good all the proportions set forth
10 my opening statement
why ne DIDNr ASswER.
Mr.. Horr said that When gold or silver
was the unit, the quaatisy Ia dollar
could not bo worth either more OF less
than 4 dollar, moro or Les. than itself,
aud criticized my statement in the
'School" that it could DO worth more.
[ reles him now 70 recent market quo
tations in New York when gold bullion
was setting at & small premlan. II Mr..
HoTr had followed me in tue logical az.
rangemenIs Of the debate ~ indicated
By the book We were discussing, / would
have been enabled to furnish data moro
fully iustiiying points in the School
attacked by him. And / had 90 in
tended, but after the discussion ot tho
crime Of the crime VI 1873, he seemed to
wholly abandon the regular order OF de-
bate and went to all parts oi the school
and a. one time went to another book ]
had written, "Up TO Date" and hurled
propositions at me that were clearly
out OF the regular order Of debate.
This required me 10 use words IN the
many briet answers that made TO him.
/ would, however. have answered all ot
them fully ~ did some Of them II he
had 10! them come tn their proper
order.
The great danger on relying on bank
credit 10 make up for uI the insufficient
supply Of money, aside from the heavy
tar approximately S2OJ,0O) annually,
on the people, IL the power ot the
banking fraternity controlling this
credit syItem to bring on panics by
shutting oil this supply at pleasure, ai
they did in 1851. 1873 aud notably in
1898, Whsn they used Il 10 assist Mr.
Cleveland In what they called "teaehing
the people an object lesson"
Conclusion: Aud now am closing
this debate. The object sought BY diS-
cussing questions affecting the welfare
OF the human race IS 70 SEQ wherein We
can advance the general condition oi
the people and TO dotGct errors Ia ctVill'
cation. IL was oncs supposed that
labor.saying improvements and inven.
tions would lessen ths necessary toll OF
man and was 4 promise Of a day TO
come whom with li,tls labor all would
be provided for. and humanity as a
whole wonld bs benefited. tIas II had
that resuti7 Tue iines OF dsmarkation
be,Wser tho rich and poor arc more
marked than ever and the percentage
OF people who devote All their tina In a
stfnygls for existence IL greater now
tha al A. any time known TO modern his.
tory. ,., =,
thl. financial subject can be made to
tsnoyo tho obstacle 10 the way and that
with II, removal will come discoveries
that will TIC the human race 10 4 hiRhaf
plano not dreamed oL The hbi obstacle
ia tho way Is seiii'hneH' ,,.,
II IN, psopls will act uusshahly In
iollisont In this cri1t', ws VIII learn
secrets In the aclsncu oil civilization
berotoi,ro hidden from ~, THAT result
IN the dawn Of now ara in the history
Of lhe world ani tho passing from the
p,Ssent crude and commercial ago Into
mower and brighter eivilIEalson beyond
HoRR'q etoIiSO.
Nv T. @. IIorri Mr. Harvey took two
- . ti..,,.. a r,itno Whinh MAYER