The Dickinson press. (Dickinson, Stark County, D.T. [i.e. N.D.]) 1883-1927, 1895-07-20

spectators present this afternoon were per.
euaded. rightly or wrongly. that the up-to-
date tournament equaled IL 1t did not sur
pass the famous occasion when the knightly
lenged the attention OF ChristendOm.
To-day's affair was strictly modern In
every detail, and II lacking In display of
tinsel and plumes, seemed all the greater
to the witnesses who took 1t In all serious
ness that 1t was contest Of intellect
Instead Of muscle. Certainly both sides
displayed an earnestness and vig0r worthy
BY them would attract the keenest national
and perhaps international interest. No
such ''big talk had ever been planned be-
fore, 1t was claimed, as this tcn-day go-as-
you-please match between the chosen rep
resentatives of the opposing sides of the
money qusstion-Koswsll q Horr and WILL
lam Harvey, author Of "Coin's Financial
School,"
1t was about 2 p. IN. when the witty ex-
congressman from Michigan, now n resident
Of New York, and the sharp Colorado news
paper man. now q citizen Of Chicago, Sig
niaed to the judges and the select audi
ence present by invitation at the Illinois
club, on Ashland avenue. that all was in
readiness for the successive 1,O0O-word
broadsidss that with three-mlnute rests
were to last three hours a day for ten sue.
csssive days. The judges were Hon. H.
g. Miller and Judge w. A. Vincent.
Mr.. Horr opens the Debate.
The e1-congressman was tho tr"t 70
Copyright secured BY Asel F. Hatch
Of Chicago.)
at is agreed between Mr.. Harvey and
myself that previous to entering upon the
general discussion each Of US shall make
brief statement defining In a general way
the position he proposes to occupy in this
oh "a mo HqN1 ohn,S
to dlscuss 10 one that 10 not only receiving
very great attention among the people Of
the United States. but 1t 10 one that 10 also
reoelving some attention from the nations
Of the old world. The question involves the
kind OF money that shall be used BY the
people Of the United States. and has to do
with laws which will affect the great bust.
ness interests Of this nation. The question
Of finance is q very complicated ono. and
there are some features OF 1t about which
the ablest Of men Of the world have been
differing for years.
1.-THE foundation Of the discussion upon
which We are about to enter is small book
published by Mr.. Harvey, my opponent, and
entitled Coins Financial School, The real
aim and object Of that book is to convince
the people Of the United States that this
government should alone enter upon the
free and unlimited coinage of silver upon
the old ratio Of 10 to 1. The wisdom Of
still maintain the Affirmative Of that issue.
will state In the outset that from the be.
ginning to the end Of the book there 10
hardly q proposition made to which give
my assent. I propose to controvert many
things which are stated as facts, and shall
attempt to prove that the entire theory set
forth by Its author. II adopted by the peo.
pie Of his country. would lead cnly to bust.
ness disaster and financial ruin. do not
now remember ever to have examined Q
book carefully In which l found SO few
sta tements that consider worthy Of be-
lief. and certainly never saw so many alb
sOlute errors crammed into so few pages.
II am not here as an opponent of bi-
metallism. I believe In the use Of gold and
silver as money to the fullest extent that
can be done ON sound business principles.
Ny position upon this question has been
too frequently stated within the last I'VE
yeas to be misunderstood by any one.
believe that both gold and silver are the
natural money Of the world; that In all the
larger transactions, gold Is better adapted
to the necessities Of the people than silver;
that all the smaller business transactions Of
the human family for many years have
been and always should be conducted with
silver also believe that in all transac-
tions Of the nations Of the world between
themselves. the two metals should be used
In the settling Of balances, but only at their
commercial value. also believe that in
the business Of our nation the people should
never attempt to use either metal, except
that 1t be at equal value, only In cases
where one metal may be used as token
money and may be made redeemable in
metal at its coin value.
II have always entertained the hope that
the business men Of the world would yet
come together and agree upon some basis
whereby gold and silver can both be used
a. the money Of final settlement among the
people of the entire world. anu very clear
h my idea that until some such arrange.
ment shall be made, 1t would be simply
suicide for this nation to adopt system
Of the free coinage of silver upon the old
ratio. IL ratio which all the civilized nations
Of the world have long since discarded.
do not believe that any one government can
dx the value Of any two metals, aud name
. ratio which will be adopted by the people
Of tho world, or Of the couLtry itself, 30
that the two metals would be used side BY
side. Consequently II our nation alone
should attempt any such action. 1t would
simply place our country upon silver b.
sis aud the attempt would end In
silver Monometallisna.
"If we are compelled to decide between
gold monometallism and silver mOnometal-
lism, then am decidedly In favor Of
adopting the standard used BY the civilized
nations of the world. do not believe that
silver has ever been demonetized anywhere
In the world. believe that the law Of
1873. which Mr.. Aarvey's book denounces
a. 4 crime was honestly conceived; open
ly advocated and passed by the American
congress after full deliberation. and be-
cause the people at that time who held
seats in the American congress believed
that such law ought to be enacted. do
not believe In the teachings Of this book,
that this nation IL on the verge Of financial