The leader., 1895-08-13

| Audience. willing to Cheer the Good
| Points Made by Either Psrty--New Ar
| guments by No. IIorr-Gen. Warmers
Propositicus EioqdentIy Maintsined.
LAKESIDE, o, Aug. s.-The silver
debate between Hon. r. @. Horr and
Gen. A. J. Warner was greeted yester-
day, both morning and afternoon, by
large and intelligent audience. 1t
was impossible to decide the direction
in which the sympathies of the audi
ence lay, as each hit of either speaker
was equally followed by laughter and
applause. After briefly revie wing the
history of money, Mr.. iiorr said that
the first thing determining the value of
any article is the amount OF work which
it represents. Gold and silver were
| adopted as money because best adapted
| therefor. The difficulty has been in
attempting to fix n parity of values
between the metals. The quarrel OF
the ages has been over the difference
between their commercial value and
this legal value. A gold dollar rep
reSents dollars worth of human toll.
A silver dollar is worth only fifty cents
now, because they are making silver
so cheaply that it does not rep
resent SO much labor as formerly. /
admit that the government. under
the constitution, has right to coin
money and fix the value thereof, just
as it can and does fix the yard stick at
thirty-six inches, but no law on the
face of the earth can make a stick OF
twenty-six inches as long as one of
thirty-six inches. Applause. The
world has never yet beeu able to fix a
ratio between gold and silver that
lasted any length of time. Since the
dawn of civilization it has been talk
| ing more and more silver to equal an
ounce of gold tits now thirty to one,
where it was formerly but five.
The speaker here reviewed briefly
the history of legislation in our ow n
and other countries on this subject,
and said: To-day there is not civil
lied nation on the face of the earth
which has not adopted the gold stan
| dard. because it has been discovered
by the natural law of development
that you cannot do the business of the
world with double measure Gold is
the natural measure of value for all
uations that deal in large transac-
tions."
Gen. Warner then laid down the fol-
lowing propositions. nain ia ming them
ably and cloquently:
First-The economic condition ua-
der which the value OF the money stand
ard increases, or under which idle
money gains profit, will reduce any
country to poverty, gather wealth in n
few hands and ultimately destroy all
free institutions
Second-A debtor nation is affected
more seriously and is more rapidly inn
poyerished and sooner subjagated by
such a money system than nation
out of debt.
Third-Since 1878 the money stand
ard of the United States has constantly
been increasing, while at the same
time we have been rapidly increasing
our debt abroad, the increase in the
last twelve months being not less than
500, 600, 900.
Fourth-If this condition of increas-
ing debt and approaching money is
not stopped, it is only question of
years. when the United States will find
itself in condition as bad as that of
Egypt.
Fifth-No debtor nation under
gold standard can make protection eff
fective to raise prices or to keep up
wages
Sixth-No debtor nation can perma-
nently maintain a single gold stand
ard.
Seventh-Sound currency is cur
rcncy that maintains stable relations
of commodities. and we would thus
have a known balance between debtor
and creditor.