St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-30
SILVER JlM-JAWS.
Continued From First Page.

troll of the products of the stlver-stand-
ard nations.
Mr.. Harvey continued: cit will take
time to break the hold that England
has on the world with her gold stand
ard debts. But in this we shall have
the sympathy of all the nations that
are now paying her tribute, from poor
little Nicaragua to republican France.
We should Immediately exert our in
fuence to save Japan and other ma
lions from going over to the gold
standard, and stop the conquest of the
world that is being made by the money
power of England. She is heartless
and cruel in the extreme. She en-
forces the debts due her citizens from
the citizens of other nations by lay
ing tribute, imposing smart money
and taking possession of custom
houses. She has taken possession of
Egypt in the interest of her creditor
citizens and imposes and collects taxes
upon those people, who are her bonded
slaves. She is the bully of the seas
and financial octopus of the world
It's tenacles reach into every nation
in the world, including our own, suck
ing from them their life blood We
bow our heads in humiliation and adj
now behind this government; that we
are at its mercy to sustain the credit
of this nation, and we have paid in the
last six months 100000 tribute to get
money which we could create by our
own sovereign act. (Applause.)
PLENTY OF GOLD.
Mr.. Horn, in turn, said he spoke be-
fore, not of the quantity of silver in
the country in comparison with eggs,
but of the amount of output of silver.
There was considerable difference in
the staying qualities of silver and of
eggs. The trouble, he declared, was
that, with free silver coinage, gold
would leave the country, and our
business would be on basis different
from the rest of the world. He argued
that there was enough gold in the
world for the transaction of legitimate
business, and the annual output of the
mines of the world was large enough
to meet the increase of the worlds
business. In proof of this, he quoted
the increasing production of Africa,
Russia, India, Australia and the Unit
ed States, and the opening of new and
rich mines. Since 1850 the supply of
gold in the world had increased from
about seven billions of dollars to about
twelve billions, with indications of
continued rapid increase. New pro-
cesseS and new mechaniSms were being
developed rapidly to cheaply furnish
the gold cure for Mr.. Harvey's silver
jim-jams.
Mr.. Harvey said that the more rap
idly the blood coursed through the
body the more blood was needed. So,
the higher the civilization, the more
rapid the exchange of commodities,
the more money those exchanges re-
quired for their accomplishment. Any
one who had occasion to look into the
question Of reports of the output of
mines would not be startled by Mr..
Horr's big figures. Mr.. Harvey quoted
the statistics of India under the silver
standard, showing a steady growth
1 till the balance of trade turned in her
favor in 1873. He declared that to
| their use of silver, and our compare
tive disuse of it, had given such an
! impetus to India, Japan and Mexico.
! He5was in favor of independent action
| byJ5this country, because it would
| right a great wrong; because its con-
| tinuance would inspire worse; because
/ this nation should be independent of
| Europe; because we should be free
F from tribute-paying to Great Britain;
/ because our power is sufficient to COM
| pei Europe to come to our standard in
| order to do business with us. Inter
! national balances were settled by
! weight, anyhow. There was no such
thing as international money.
! RAMESES IL, 4 TO r.
! Mr.. Horn said that there was no such
| general lack of prosperity in this
| country as Mr.. Harvey had claimed.
Mr.. Horn said he spoke from the result
! of actual contact with the people of
| the country. Since 1873 he had trav
eled over 100000 miles, covering thirty
pie on the face of the earth had been
! as prosperous as the people of the
| United States since 1873. Why, during
the last year these people, whom Mr.,
! starvation, had paid over $3,00O,0OO for
100000 bicycles. These We're not strict
ly articles of necessity; they were used
somewhat for business, but mostly
! for recreation, and an artistic view of
| the human form divine. Mr.. Harvey
says that we have two hands and two
! feet, and two eyes, and that nature
works by twos:: He has not examined
scientifically: 1t is true we have two
eyes, but only one head; we have two
hands but only one mouth. Good
nnrK WHAT o1 Yond Of this
two mouths? daughter and ap>
| plause.) We have two feet, but it does
not follow on that account that we
ought to have two wives-No. Because
cause nature did splendidly in that
effort daughter and applause), it don't
follow that people who are born one
at un time tra are 1S to be eoun TIED
Su%bug ' to talk Is abou toe MR Horr
then proceeded to argue in behalf of
the single standard for money, saying
that stability was it's chief merit, and
a stable measure could not be main
tanned with two standards. Why, he
asked, take the ratio of 16 to l, doub-
ling, as claimed, the value of all prop
erty? Why not go back to the stan
dard of Rameses H., to IL? The
whole theory was fallacious. The coin
must be intrinsically worth it's face.
Mr.. Harvey said that money could
not be classed with weights and meas
ures. The bimetallist relied on two
metals. and under that standard It
was more stable than a single stan
| was made of two metals to counterfeit
each other, SO the standard of money
should be double, acting each on the
Free coinage in the United States would
establish a party, and then gold would
be found here. The man abroad who
had no silver would have gold. If the
| On1teQ states would take us StdnQ IL
would prove itself stronger than Great
Britain. France had promised to stand
by us. Mexico and South America
would be with U.S.. Combined they
would force Europe to recognize silver
Referring to Mr.. Horr's reference to
the pensions, Mr.. Harvey declared
that appeal to the old soldiers would
not affect them. They were patriotic,
and they would think only of the want
and, suffering of the people of the ma
ton, and would be forgetful of them
selves.
HORR PRESENTS A SOUVINOR
Mr.. Horn said that silver had had its
day as the money of final redemption
1t would continue, however, to be useC
standard of the world, and had come