The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1895-07-25
Colorado ana Illinois legislatures. This ve-
nality was sapping the foundations Of the
government as 1t had Slapped the founda-
lions and DESTROYED every renuhlic Of the

lions ana destroyed every republic OF the
past.
Mr.. Horr again returned to the defense Of
the honesty OF the American people. He
said Mr. Harvey merely picked out few
corrupt men, and drew from them the
proposition that the people Of the nation
were corrupt. Why, II Mr. Harvey had
lived in jobs time he would have looked
over that unfortunate mans sores and would
have given out and published throughout
the world that all Challeu was an immense
carbuncle. q
Mr.. Horr then, amid laughter, said he
would return to the question under discus
sion, and proceeded with the history of the
decentralization act, pointing out how the
bill had been read in full several times and
printed separately eleven times and twice in
the reports of the controller Of the curren-
3cy. The Debates in the senate on 1t occu-
pied siXty-six columns In the Congressional
Record In the report OF the committee it
was stated that it had been examined line
by line and word by word, and was finally
passed. He would show that. in SO doing,
the senate knew what it was about.
Mr.. Harvey, In reply, said that Mr.. HOrr
would have to retreat from his position
when the proper time came. In point Of
fact, the bill about which he was talking
was not the bill finally passed. Judge Kel-
ley, in presenting the bill in the house,
said that it was merely codfcation of the
mint laws. In response to a question,
Judge Kelly replied that the bill made no
change in the value Of the coins of the
nation. In 1872, when the bill came up
again. 1T was spoken Of as a bill on a dry
subject and members lost interest. 1t was
at that time, as appears from the Record.
that the first disclosure of the intention to
change the standard to gold was made in
speech by Mr.. Hooper. But there was rea-
son to believe that the speech was not act
ually delivered, but was printed by leave
| that Is, 1T was read from manuscript and
these tod Rut W
| made to the decentralization of silver. On
the enrolment of the BILL clause was
| omitted which had the effect of limiting the
| coinage of silver.
Mr.. Horn replying, charged Mr.. Harvey
! with quoting single sentence, and leaving
out the modifying context The record
! showed that the statement was made in a
running debate, and was not under leave ia
print. In the very speech referred to by
Mr.. Harvey the speaker said that the bill
| provided for standard sin single metal"
| instead of, as before, in two metals, and
that all coins, except subsidiary coins,
| should be OF gold. Mr.. Horr then spoke Of
the decentralization of silver in 1916, as the
result of experience in the use Of the double
Standard In 1871 Germany adopted the
gold standard, and threw on the market
| $500, 100000 in silver. 1t was this that set
the world to considering the silver question
not any gold-bug conspiracy. The inan-
| clal policy OF no great nation was ever
dominated by a conspiracy.
| Questioned by Spectators.
In replying to the large assortment of
| questions put to Messrs. HORT and Harvey
| by spectators, the most Interesting colloquy,
| perhaps, was at the very end of the day
| proceedings. This conundrum was put by
| Mr.. l.. G. Powers of Minnesota
"You said yesterday my answer is, first,
that l did not say that had forced them
| to change it or to correct any mistake.
| Coins financial tO 61ta
| 152, you say: Coin here explains how an
error had crept into the official report of
the treasurer, that he has since forced the
| treasury department to correct that error.
| Please explain the mantle st discrepancy"
Mr.. Harvey: 1.-The answer is, Coin, q lit
tie boy in knee pants, represents the cause
of bimetallism; he does not represent me
| (Applause and grOanS on each side OF the
house respectively. 1 would not have the
egotism to claim that I represent Coin in
| the many arguments and sentiments and
kind things said about the little boy by the
author, and when Coins influence is exer-
cised at Washington or San Francisco or
Memphis it means the influence Of bimetal-
| lism and humanity" =:
| ...z-... Fourth Day.
| Chicago, July 2O.-The crucial point was
! reached in the big Horr-Harvey debate to-
| day. 1t was near the end of the session
when Mr.. Horr, breaking away from the
long-continued discussion Of the circum-
stances surrounding the enactment of the
| law of 1873, stated cOmpactly his version
of the existing condition of the debate and
| then pumped the main question: Ought
| we, again throw open the mintS OF the
| United States to the free coinage of silver!'
Mr.. Harvey was evidently taken by sur
/ prise, but stood by his guns and insisted
l. proceeding with his attempt to prove
that the decentralization of silver was &C.
| cOmpliShed with a SurreptitiousneSs that
was criminal. Here is what Mr. Horr said
preparatory to springng the chief issue:
/ '"There are some things about which Mr..
Harvey and myself differ and some about
| which we agree He thinks that our fore
| fathers established a single measure OF
| value; that that measure was 371A grains
of pure silver; that gold was made simple
| companion metal of silver and that its
| value to be all the time measured by
| a silver dollar. I believe that those early
| patriots attempted to establish a measure
| Of value out Of two metals, gold and silver,
| and that they supposed they had hit upon
ratio which would secure the use Of both
gold dollars and silver dollars. Beside, we
| agree that up to 1884 the measure of value
| IN actual use in this country was the silver
| dollar. I assert that in 1884 the ratio was
changed, that the gold dollar was made
| smaller. He admits that. 1 insist that
| when the gold dollar was cheapened it be-
| came the actual measure of value in this
| country and remained so up to the sus-
pension of specie payments; that the silver
dollar, though still a legal measure Of
| value, was not used in this country as the
actual measure after 1884. He denies that.
| We both agree taht from 1862 to 1879 the
| domestic business of this country was done
by using the greenhack dollar as the meas
| ure of values, which was during none OF
those years equal in value to either the
gold or the silver dollar. He states that
IN his book. We both agree
"Now mark. We both agree that in 1873
| the coinage of silver dollars was stopped by
law, and that since 1870, since the resump-
ton Of specie payment, the domestic and
international business Of this country had
been done on gold basis We agree that
Great Britain has been on gold basis
since 1916; no dispute about it. l claim
| that Germany ceased the free coinage OF
silver in 1871, and he claims that it was
not done until later-in 1ST3-but we both
| agree that since Jan. /, 1874, Germany has
been entirely upon gold basis We agree
| that the nations which COMPOSE the Latin
Union-France, Belgium, Switzerland, Italy
and Greece-are all Of them to-day gold
standard countries. There is no dispute be-
tween us that British America and Aus
| tralia are also gold standard countries. We
| that Mayinn Chino