New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-28
SESSION MORE.


NEss-oNLY ONE
SESSION MORE
tBY TELEGRAPH TO THE TRiBrNEJ
Chicago. July 27-At the close or TO-DAY 80
zion Of the silver debate at the Illinois Cihp' M'
Harvey presented to Mr. Horr. as souvenir 'i
the occasion. a silver dollar Of 1893. bearing the
word unit" Mr.. Horr accepted me CON- say
ing that he would string it on card ana present
It to his youngest grandchi. born just as the
debate began. II am glad TO find mat people
are still marrying in spite Of the gold siaAdaru'
he said "and that children are being born INTO
the world. even though the silver dollar mas ue
precated.'
Mr.. Horr then explained that some OF ''e ~
we're remarks he had made during the DEBATE
were called out by the unexpected rndehcss oi
friends Of silver IN the audience. Mr.. Harvey
made an excuse for the manifestations OF the
spectators toward Mr.. Horr. which he said had
been called out from his friends by unpleasant
references to delicate subjects. Judge Miller also
felt called on 10 defend the audience from ME-
Uorr's well-founded aspersions. Those who nave
attended the debate have all been eminently re-
spectacle but DIS the majority seemed to be III
tense silver part.sans. 1t was hard for them 10
show to the eloquent gold advocate the respect
they would have given had his speeches oeeh
more to their way Of thinking
To-day was the eighth and last day but one
Of the series as the debate is to close on MonIay
afternoon Practically 1t was the final day OF
debating as Mr.. Harvey announced that ne
would speak exclusively on the indepenoeh'
monetary action Of the United States After tne
contest ends each man will have seven days IN
which to prepare a 900 word summary OF the
debate.
II was not;ceabl that Mr. Horr was more than
usually aggres sive IN his attacks on Mr Harvey 5
statements and arguments. while the latter us
played more spirit In defending himsei IN the by
play In the debate. Mr. Horr has made many
friends in this city. He had good cause ana
he has defended it Well" is the verdict OF the ma
jority Of those whose opinion has been asker LOT.
Mr. Harvey however. has not been 50 easy Il
mark might be. for he has an extensive mass
Of matter at hand which seemingly tends his way
THE DEBATE IN DETAIL.
In his opening statement to-day Mr. Horn said:
fcopyright. 1895 By dzet F. Hatch
Mr.. Horr-Dur.ng my remarks at the las. session
stated that when you take all the human pa11u,
tons together with The great produ,t no ya,as
since ISIS and That when measured in human toll
Nea nna ase4 so andaa aF in this coun
farmer can purchase with the products OF ms iarm
San S Of could Sf 'nnF " More ne
that when the entir, products Of the farm 2 are
Of final redemption they would have brought IN
1873 In 1866 prices were nominay hien on as
sued in This country at tina, time In 1865 the green
back in wh,Sh we VEN, we're re 1Se dollar XII prices
had advanced when named IN paper money 20 ,sS
70 the universal advance in the price OF products
and Of wages. the purchasing power Of wages wa
I on la% Of Isis? These occurrences have direct
bearing on the question we s are dicp as M Havey
himself stated. YOU cannot get az the rea chahess
paymen;. By that time the hgh prices had fallen
of-tha; is the nominal nigh prices-oechuse tIie
advanc!ng ali the while. TO; on accom-. Of any my
change in the value OF GOO Dut on accom-. % sr re
Constantly appIeciat:ng in value unit II nna!y
Is reach psr S0' we're as s 10 100 ana
as 1915 100 showns that me wageearmc,s W ,na
, ,sssy 1sss mufn in 0fsse' Bat the
wages 1922 instead OF loo While nsb me aVeIag %
, saPes sna Comforts Of lie to
er degree. notw,tnstand!ne SILVER ""u a' ''''' ''o
declined from 100 TO 81
AN ENORMOUS INCREASE IN WEALTH.
Thus II will appear that in 1890 all wages had risen
from 100 to 15ss and the purchasing power OF
wages had increased moro than y per cent In
1870 the average of all prices was 1928 wages 1872
and the purchasing power in greenbacks was 1l4l
In 1880 prices were 923. wages 1883. and their pur
chasing power in gold 1721. showing that the wage
Garner for his days work got one and nearly three
iSIrsns hi neS T. have got in $50 These figures are
taken from the report Of the Commissioner Of
lar every el 'T popostn Which Mr. Harvey has
during this debate In reference TO the effect OF the
gold standard upon the producers and -earners
Of this country Is untrue. 1t was in view of this
that made the broad assertion that a, in, no time
people enjoyed many of the comforts OF life ana
more complete than in the years between 1879 and
1902 The Increase of wealth in this country during
this time was enormous.
FAILURES IN BUSINESS.
Mr. Harvey--I was discussing at the last session
.ho If
TO supply the normal demand for business.
showed you the normal supply required and 10 show
you the difference between having the money in ex-
stence and having the banks supply 1t with their
pesrs in the January number iss5 Of Duns Re
view" 1t shows that during the years Of the war,
Volume was confined 10 what was known as the
Union side Of the coniroye,sy making about foriy
was reduced to minimum. You viii see how the
Contraction Of the currency. BEGINNING In 1886, In.
demonetizatlon and bank credit win It, terrible
Notice the failures prior 10 1852. when bank credit
s1,ss PsHases the e last ten
ness concerns have gone into bankruptcy. How Is
eyeSrows This is the reward Of human energy and
thrift ] do not mean 10 say that al these failures
to say that the credit system of money. with its
tax OF saoooooooo annually will account for every
real money. instead Of bank credit money. there here
would be comparati lively few debts. ana Few TALL
ures You owe II to yourselves and 20 civilization
10 get rid OF this bank credit money and substitute
FOR II real money (Applause) The supply OF money
should be equal TO the demand the same az wheat
corn or meat or any other property
=. FINANCIAL LEGISLATION BLAMED
T.. wish TO make part Of this deoate table that
you Will find In Volume OF the publications OF the
American Statistical Association OF 1880 and 1891
pages lss to l9a giving the total business population
OF the United States and the tota. number OF bust
ness a. dropping out OF business. and the number
added to business. I now make 1t part Of the
debate, to be inserted at this point. desire
also to call your attention 10 the effects OF the hnan