The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-07-30


decline, while silver and everything
that II silver was granted free coinage
our securities would b0 thrown over.
The rule was that securities were not
thrown over on advancing prices. Gold
was the article 10 be got rid of, for II
alone would decline, he said.
Mr. HarVdyRsierted that the demands
OF business In this counlry would ab.
sorb oil tho silver available for coiuagO.
II all OF the gold and silver in the world
we're sen. 10 cur mlnts Tor coinage II
would bO to the benefit OF tho Unitsd
States and to the injury Of the rest Of
t'the -wortris- tris----------
Mr.. Horr said that the savings bank
deposltors had 81, l,7l2,00o,0 900 on deposit,
which it WIS proposed to cut Ia two.
Buildingand loan associations had !, ,125,.
0O0, 900 due them. In addition to these
wero the trust companies. lie Insurance
companies aud state banks, all OF which
were to DO allowed to pay In deprecated
money. And the money in tho pro.
duets Of every man and women In the
United Ssatea was to be halyed 10 value.
All Of thia for the benefit OF tho 10000
silver men. Why, their output was not
worth half as much aB tho eggs yearly
laid by the hens Of tue United States
and was about equal in value ID the pea
nut crop. But the worst feature, he
asserted, wbuld DO the destruction OF all
credit Il would bring about the worat
panic tho nation avar cav,
Mr.. Harvey. replying, said that thou
gands OF men had been financially
track cd by their ability to keep up their
life insurance payments HO declared
that there was but one worse crime
than that oil 1873, aud that was that Of
the man who claimed that the defenders
OF silver meant reputation.
He thanked Mr.. HorT for the illuBtra'
ton as To the small amount OF aily0r In
tho United States. That was the claim
Of the silver men. There was no danger,
but that the demands Of busineSs would
absorb.
The troubs, Mr.. Hor declared, was
that, with Tree silver coinage, gold would
leave the country and our business
would be on basis different from the
rest ol thoworld.
He argued that there was enough
gold in the world for tho transaction Of
Legitimate business aud tho output Of
the mines Of the world WAS large
enough to meet the incteaIe ot the
World'A business.
Mr.. Harvey declared he was in favor
OF independent action by this country,
because Il would right great wrong;
because It's continuance would injure
more; because this nation should no
independent Of Eusopei because We
should he free from tribute paying to
Great Britain; because our power lS
sufficient TO compel Europe TO come to
our standard In order to do business
With Us, International balances we're
settled by weight anyhow. There was
no such thing as international money.
HoRR's CLOSING.
Mr.. Horr reSuming, said that thOrO
was no such general lack oil prosperity
in this country. Why, during tho last
year these people who Mr.. Harvey said
were on tho verge oI starvation had
| pnid over 81, ,OQ0, ,0ll fot 900, 900 bicycles,
| ThoiO were not strictly articles Of neceI'
Ilty. They were, he said, used soma.
what for business, but mostly for recrp.
alton and an artistic Wow OF the human
form divine.
Mr. lIorr thon proceeded TO argue In
behalf Of tho single standard ot money
saving that stability was lis chief merit,
and a stable measure could not be
maintained with two Standards Why
not, no asked, take tho ratio Of 10 TO !,
doubling, as claimed, tho value Of all
property Why not 90 back 10 the
standard oil RAmesss II, Ito 1872 The
whole theory was inliAciouH. The coin
mnst DO intrlnslcally worth iG1 iaco
value.
Mr. Harvey said that money could
no. bo classed with weIghts and meas
urOs.
Mr. Horr said that Blivor had had It's
day as tho money Of final redemption.
II would continue. however. TO be used
as subsidiary money, Gold was tho
standard Of the world and had come 10
BtnY.
Mr. IIorr tliun, turning TO Mr. Harvey.
ao,d he wanted to rOclproCnle tho
c0urlosy oil Mr.. Harvey In presenting
| him (Mr. llorr) with d sllVOr dollar.
| Mr.. IiosF said ho proposed to pFesnnt
Mr.. Harvey With two coins OF two dillOr.
ont metals boCause Mr.. Harvey was u
bI.motnlupL MIR. iiorr lhen handed
oyer two Chinese coins, ono OF silver
warth tWuuty Cauta and ono Of copper,
worth ono mill, aud proceeded TO say
mat tho nation which struck these
coins Il nd RBitvnr standard, Its Inbnt.
ara woro mid 50 pOr month"; liz people
dl,l not riln IN carriages; LIBERALIZATION
lad gono to sloop. lhO silver coin pro-
sonted him by Nh Harvey waa struck
hy prnpfNstige nation. IL dld very
wnli th0n, but tho growth oi civilization
and cpminorro had since demanded
change In tho standard, That standard
should DO gold. ,,-N- ~.
Mr.. EIsrr closed by thanking Mt. llar'
ycy for tho uniformly courteous trcnl'
mont wlicIl hu Ind rocolyOl from lliS
opnonpnt during tho diaCnssiOn'
NIt. Harvey, rlaIng inr lIll closing ah'
drnss. amid ho accepted thu present from
Nh lloff Of tho Chinese coin" lilo ob'
ioclod, howoyOr, 10 tho rotOtonco1 OF MI
rtorr Ia thU pffvrr coin. ThB Uh'seI
gIalpa wa, tho chief prohncof ot silver
unlil 1874 II was tho lnDsl Bncroh meta
Of our coinage; II wns tho measure ol
nil vnInot In 1878 II was struck down
ns Omar was. hy the dagger at hu az
sa,,in. lilo gold standard mon llhd sol
un atnnlnh iOunlod ~ q Orlmo AA q
standard lorlhn morals OF tho nation,
Thp metal IN Tie coin glyon liiln Wy
| Mt lIatt oymholikod purity ylflno Ahd
grand honesty ....., a..
Tnslni ~ tho closing argument, MI.
! Harvey ault tint with tho Hrowth VI
| 49," ,n,,nov nnycr catno increase Of Bnln.