Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1895-08-01
FIFTH DAY.

CHICAGO, July 22.-aBack dates
were thrown to the dogs today in the
debate between Horr and Harvey. It
was more than ever a case Of HGreek
meets Greek" and interest In the tug
Of war heightened at once when It was
seen that the days Of Pericles as well
as OF 1872, 1916, 1873 and other years,
no matter how historic or important,
were all barred more or less in favor
Of 1895.
Horr opened the dispute with q writ
ten argument touching the impossi-
bility OF maintaining q fixed ratio be-
tween gold and silver. As q result OF
experience, all Of the civilized nations
OF the globe had discarded silver as
standard money. It was useless to
exploit long tables OF ratios to show
whether the double standard could be
maintained. The world has pronounced
against silver.
Harvey said he had been called on BY
letters and kilograms to give the state
ments by Blaine, Ingalls, an1 others
concerning the characterization act. He
said that the number Of words at his
disposal in the debate would not admit
Of 1t. Taking up Horr's eulogy on Sem
ator Morril, delivered ON Saturday. he
charged that Senator Morrill, erred in
saying that no silver dollars had been
coined for forty years prior to 1879.
Harvey read from the report Of the di-
rector Of the mint showing that silver
dollars in greater or less amounts had
been coined nearly every year. The
fact was Morrill, was q bank stock
holder with q bank stockholders pre-
judices. He called upon MI. Horr to
explain.
Horr said that Morrill, had not ment
to say that nota dollar had been coined
but that none to speak of had been.
At most it could be said that Morrill,
had made q mistake. Harvey in his
book had made q mistake, and q bad
one, in stating the amount Of silver
which had been coined during the life
OF the government Horr declared
that the insinuation that because
Judge Morrill, was an owner Of bank
stock he was not to be believed was too
contemplate for consideration.
Harvey said that in raising the point
Of the coinage of silver prior to 1879,
he wanted to establish g fact in his
tory which had been obscured BY
false statements that such coinage had
not taken place. He wanted to make
this answer In the presence Of gold
men. Proceeding, Harvey said he did
not mean to reflect on any mans in
tegrity because he was q bank stock
holder. He merely wanted to show
that men were swerved in their ex-
preston Of facts by their interests.
Harvey then defined scientific bimet-
n1&a~ IN hA thA A~AA nn$n~~o h~Al
gold and silver at an assumed ratio;
Q change in the size Of the gold dollar
whenever the parity between gold and
silver coins should require; an option
in both individuals and the govern
ment to pay..i in the cheaper money.
he held that under these circumstan-
ces silver would not ~depreciate, be-
cause there would be an unlimited de-
mand at the ratio fixed by law, and no
man would sell his bullion below the
price at which he could have it coined.
Harvey submitted q table to show that
from 1857 to 1873 the commercial ratio
had remained remarkably close to the
legal ratio, Notwithstanding the de-
monetization OF silver by England and
other great nations of the old world.
Horr said this matter Of ratio had
little or nothing to do with the Ques-
ton. The fact is that all civilized
nations Of the world refuse to recog-
nize silver, and would only receive it
at its bullion value measured In gold.
What might be IL other nations should
join in admitting silver to free coin
age Is one thing-for as to attempt
Il alone is another. Horr then took
up the proposition Of Harvey's book,
that making the dollar one-half it's
present value would double the value
Of everything in the United States
except debts. Horr pronouced this
absurd, saying we might a. we'll say
II re Ont our yard sticks In two It
would double the amount Of cloth In
the country. He said Harvey seemed
TO be ssstuck ON sweet 16 to 1.n
Harvey proceeded to argue that both
gold and silver we're measures Of value
until 1873. Referring to QUITTING the
yard-stick in two, Harvey said that
men doubled the yard-stiok In 1873.
He asked whether il half the gold in
the world were destroyed the value Of
the gold dollar would not be doubled.
Horr shook his head. Harvey said he
would illustrate It in another way,
which farmers would understand. IL
half Of the wheat crop in the United
States we're destroyed, would not the
price OF wheat on the Chicago board Of
trade be doubled? In demonetizing
silver In 1873, the golden ..yard-stiCk
had been doubled. The friends Of
silver were merely asking tor restora-