People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1895-08-01

that the man who had stipulated N
pay gold would have to buy it at a
premium. This was fallaciOus. As
soon as silver was remOnetiZed no man
could stipulate for payment in gold;
the demand for gold would decrease
at the same time the demand for sill
yer would increase and soon the differ
ences between the metals would be
wiped out. Soon the purchaser would
be able to get more in gold for what
he had to sell than now. He declared
it was not the stamp on the coin
which gave it the value but the max
ing of new use and new demand for it.
If at the next general election a BIZ
metallic congress should be elected
the Rubicon would be passed next
day. Silver would at once begin to
appreciate and gold to depreciate.
And they would be at a parity before
the meeting of congress as the green
back dollar became equal in value to
the gold dollar before the resump-
tion act came into force.
Mr.. HOrr, resuming, reiterated the
statement that size had nothing to do
with value. A diamond worth $780,
900 could be put into a quails egg.
Mr.. Horn then entered his enumera-
ton of the classes Of people who he
declared would be ruined by cheaper
ing the measure of value. They in
cluded labOrers, clerks, railway en-
plOyeS, domestic servants, janitOrs
and scrub women, skilled labOrers of
all sorts, agricultural labOrsrs, miners
and the like in the aggregate q, 1885,
6Sl in number. In addition to these
he spoke of the pensioners of the gov
making a touching reference
in doing so to the empty sleeves of
the veterans and the black rObed
widows in number 100000. 1t was
proposed to cut down the pension
rolls by destroying the value Of the
money in which they would be paid.
If this law we're passed their pensions
must be doubled or the nation dis
graced. In addition to these, 4,7S1,-
695 people had their little savings in
savings banks whom it was proposed
to defraud of One-half of their little
accumulatiOnS.
Referring to the advance in wages
of the domestic servants Mr.. Harvey
said that since the demonstration
women had been forced to work for
their living because the fathers and
brothers were out of work. This had
reduced the number of women availa-
bic for domestic services and wages
for such services had remained stiff
or advanced.
Taking up his argument, Mr.. Har-
yey said that under free coinage gold
would decline, while silver and every:
thing else would advance. 1t was
claimed if silver were granted free
coinage our securities would be
thrown over. The rule was that Sc
curitieS were not thrown over on ad-
yancing prices. Gold was the article
to be got rid of, for 1t alone would
decline, he declared. Mr.. Harvey
asserted the demands Of business in
this country would absorb all the
silver available for coinage. If
all of the gold and silver in the world
were sent to our minis for coinage 1t
would be to the benefit of the United
States and to the injury of the rest of
the world. Money in circulation
made business, he said, just as life
does not make blood but blood makes
life.
Mr.. HOrr resuming his argumen t
after alittle badinage said the saving
bank depOSitors had s1,712,OOO, 900 on
deposit which it was proposed to cut
in two. Building and loan associa-
tions had 1,725,OOO depositors with an
aggregate of s525,S52,OOO due them.
In addition to these were the trust
companies, and state banks, all of
which were to be allowed to pay in
deprecated money. And the money
in the products of every man and
woman in the United States to be
ha!ved on the value. All of this for
the benefit of 10000 silver men.
Why, their output was not worth
half as much as the eggs yearly laid
by the hens of the United States and
was equal in value to the peanut
crop. But the worst feature, he
asserted, would be the destruction of
all credit. 1t would bring about the
worst panic the nation ever saw.
The paralysis of business would be
complete for 9S per cent of the bust.
ness done in the world was done OF
credit.
Mr.. Harvey replying, said thousands
OF men had been financially wrecked
by their inability to keep up their life
insurance payments. He declared