The Dickinson press., 1895-08-10

yer mine owners and fnsOlvent debtors.
! submit to the people of this republic
; that they should never permit threats Of
revolution t. induce them to adopt whole.
sale reputation. The civilized world il
clearly on my side Of this Issue. l protest
against any attempt 10 lead this republic
into the camp of the half-civllixed and bar.
baious nations Of the world. Let us rather
remain and work in harmony with people
Who have large experience and sound busi.
ness ser se.
Mr.. llarvey's Views Regarding Free
Coinage Are Not Changed.
The following is w. H. Harvey's sum.
mary.
The debate settles In my judgment the
following propositions:
First-Ilat gold and silver Is the money
OF the constitution. Mr.. Horr did not con.
trovert this, and left 1t with Daniel Web.
strength underlying this proposition is a
knowledge Of the merits OF bimetallism as
disclosed by the whole debate. As token
money, silver performs none Of the func.
tions Intended by the constitution. Since
this debate the press dispatches report the
municipality cannot issue bonds payable in
gold alone; that such bonds should be paya-
BILE In either gold or silver. II that court
has done SO 1t has clearly decided rightly.
There Is no doubt In my mind that the
United States supreme court would declare
| unconstitutional the act Of 1873. The cir
| culation Of silver as token money Is where.
| In It has worked q deception. What the
United States supreme court would do
| now Is more doubtful, as am inclined to
believe that they are as a whole as much
! under the influence Of the bondholders as
influence Of the shareholders. A test case
would now probably result in Dred Scott
decision / do not mean to express preju-
| dice, but in view Of the events of the last
| two years l canont help but believe that
official despotism has already set in, and
unconsciously the willing servants Of the
mQney-lend1ng~ power. II a majority of the
7 supreme court are thus infected, as fear,
it could not take the broad statesmanlike
view Of this question that is required.
second-That the silver dollar was the
by the act of 1902. Mr.. Horr admits this.
See pages 50 and 61 of official report.
Third-That silver and gold both were
the measures of value Of nll other property
until 1873, and the debtor had right to
pay in either metal. See Mr.. Horr's All
swer to Mr. MOtsinger on page 1OO.
Coinage of Dollars.
Mr.. Horr stated that Jefferson did not
stop the coinage Of silver dollars In 1906
and direct that all silver seeking the mints
be coined into 5O.cent pieces and less be-
cause Of the scarcity Of small money. as
| stated in the 'SchOOl," but virtually re-
ceded from this claim, OH page IA. The
| expectation Of silver dollars was not on &C.
count OF n premium on silver over gold.
Lut because our silver dollars circulated
rs money in other nations where their
familiarity with the dollar would cause 1t
to do so, whereas they were not familiar
with our fractional coins, and thus the
latter more readily stayed with US.
Mr.. Horr said that when gold or silver
was the unit the quantity In a dollar could
not be worth either more or less than a
dollar, more OF less than itself, and criti-
cized my statement In the "SchoOl" that
1t could be worth more. I passed it at
the time rs l did many other things that
had no substantial bearing on the subject
under discussion. l refer him now to re.
cent market quotations in New York, when
gold bullion was selling ut a small
premium, which was accounted for ut the
time by purchases made by a gold syn
dicate to prevent gold from seeking the
mints also refer him to the silver unit
gave him, the old coin dealers quotation
on which Is 81.
Mr.. Horr's frequent references to a
change in the ratio prior to the formation
of this government IL answered by this:
That this change was not to make less
instance is 1t known that silver was dis
turbed by increasing the size Of the coins.
These changes were made In the gold coins
and were made to make more money.
When these changes were made In the legal
ratio the commercial ratio sOOH cOnfOrmed
to the legal ratio.
II Mr.. Horr had followed me In the
logical arrangement of the debate as In
dicated by the book we were discussing I
would hnve been enabled TO furnish data
more fully and justifying points in the
'School" attacked by him. And had so
intended. but after the discussion Of the
crime OF 1873 he seemed to wholly abandon
the regular order of debate and went to all
parts of the "School." and at one time
went to another book l had written, "Up
to Date" and hurled propositions at me
that were clearly out Of the regular order
of the debate. This required me to use few
words in the many brief answers that
made to him. l did so because l did not
want his statements to 60 wholly un-
answered at that time and risk losing an
opportunity to answer him fully. would,
however, have answered all of them fully,
as did some OF them afterwards, II he
had let them come In their proper order.
Regarding Debts.
One of these topics was debts. The pub
lie knows how abbreviated my answers.
can only say now that it is admitted by
| the OIuer sue IDuC our long .tlIleu UeD0te
Including national, state, municipal, cor
porate, and including farm and home mort.
| cages, amount in round figures to $2O,OOO,-
100000. 1t Is also admitted that this does
not include current business accounts and
notes, nor the enormous sum that hangs
over the army of debtors who have gone
out of business since the repeal of the last
bankrupt law, and that may still be within
the statute Of limitations. Neither does 1t
include debts due from individual to indl-
viduals that are not on record and cannot
be classed rs debts coming under the head
include debts coming under the following
heads: Pawnbrokers, chattel mortgages
partial payment sales, maritime debts, over.
drafts. Judgments and taxes.
II had. had time in the deba -. would
have Justified by detail and with Authorities
the 0.O0O. 600 900 at which I had estimated
} the aggregate indebtedness Of the people Of
the United States.
Labor Saving Inventions
would lessen the necessary toll of men, and
was a promise Of day to come when,
with little labor. oil would be provided for
and humanity as a whole would be bene-
fted. Has 1t had that result? AL will an
swer that 1t has not. The lines Of demarka-
tion between the rich and the poor are
more marked than ever, and the percentage
of people who devote all their time to a
struggle for existence is greater now than
at any time known to modern history.
This will not be denied by any but the
selfish few whose wants. being supplied,
know nothing of the wants Of others.
We are sufficiently advanced now in this
respect to provide all the people Of the
world with the comforts of life by one
hours work each day by each individual,
while the remaining hours not devoted to
sleep would be used in the promotion Of
human happiness and the advancement Of
the human race. That the passageway to q
new era Is blocked by q defect in our civili-
cation should be admitted by ALL
A Commercial Age,
where inventions. education and all forms
Of human skill and ingenuity are made 10
promote the personal ends of men or conl-
binatiOns Of men. Such an age promotes
self:sli"ss In all things. 1t follows that 1t
IL not only lawful but desirable to monop-
o!ize to ones self property Of any aud all
, kind. no matter how unnecessary 1t may
be III promoting the real comforts Of the
, person In possession. III all such instances
1t is held In utter disregard TO the disconl.
, | Torture or wants of others. To own farm
! which one, with reasonable assistance, can
TIL and bcautify. make grand and refined