St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-18
UNITS AND RATIOS.
Continued From First Page.
means a trick or is a farce worthy of
being caricatured by Thomas MAST


being caricatured by Thomas Mast"
OUTSIDERS TAKE A TURN.
This closed the debate for the day,
and questions being in order, the first
was by H. L. Bliss to Mr.. Harvey:
The total coinage of silver by the
Philadelphia mint up to 1873 amounted
in round numbers to $105, 900; that of
all the minis, to $143, 100000. You said
that the treasury had changed it's fig
ures, and that you compelled it to do
so. Did you not make the blunder of
taking the coinage of the Philadelphia
mint for the total coinage? Is it true
that the treasury has changed its fig
ureS?"
Mr.. Harvey-My answer is-first, that
I did not say that 1 had forced them
to change 1t, or to correct any mistake;
and next, that the list, table of coins,
from which the $105, 900 was figured
when Coins School was written was
before me in a report of the director of
the mint. do not know now whether
there were separate tables or not. Since
then, in their later books, the last one
out, it is all in one table, and my inn
preston was that the one the School
was calculated from was in one table.
So that cannot tell, Mr.. Bliss, wheth-
er the mistake was made by taking
the Philadelphia mint or not. but I
did state the amount at thirty-seven
million less silver coined before 1873
than was really coined, and at the
same time it was to the interest of my
argument to state it at all it would
stand
The next question was by o. B. Gum,
of Kansas City: Mr. Harvey asserts
that the minis were open to the free
and unlimited coinage of silver from
1882 to 1873. Jefferson closed the minis
IN 1906 to the coinage of the silver
dollar, and only 1900 of Mr.. Harvey's
dollars, or units of value, were coined
up to 1910, period or thirty-four years.
Was this free and unlimited coinage
of silver?"
Mr.. Harvey-Mr. Jefferson did not
close the mints; that could only be
ferson directed 0he minis being open
to the free coinage of all kinds of sill
yer coin) the mint directors to coin
the silver that came, at the option of
the people, in 50-cent pieces and less.
1t made no difference to the people who
brought it whether they coined it in
50-cent pieces or dollars; it was all
money. The minis were open to the
free and unlimited coinage of silver,
but the director of the mint, or presi-
dent, might direct what kinds of coins
should be coined without interfering
with the principle Of law that the minis
were open to free and unlimited COIN
age -(Applause). The number of units
coined in no way affects the substance
of the unit being the measure of value
-,
yet by law the 371A grains of silver
could be the unit of value regulating
all other coins; all compared to it in
legal and commercial ratio. The act
OF 1873 made the gold dollar the unit,
and now, by the act of Sept. 10, 1889,
1t is unlawful to coin a gold dollar
So that We now have a unit of % 2-1O
grains of gold, and congress has said
that the minis shall not coin any of
them. But nevertheless we have a
I'd INd1o
pieces are coined with reference to
% 2-10 grains of gold being the unit
of value (Applause).
DOUBLE HEADERS.
Mr.. Horr-The first question 1 have is
Dy James Bolltnger. | seq he asks us
Doth to answer it, I will answer it,
and then pass it to Mr.. Harvey. why
Is II nave had SO little silver or gold
since the passage of the act of 1897
IL Is impossible for me to tell, unless I
know how you have been behaving
since 1873. AppIause).
MI Haryey-My answer to II is. be-
cause We have been on a gold stand
ard. 0ong and continued appIauseJ
Mr.: Horrible next question is from
Mr. MOtzinger, of Sholes. Ind: WAS
1t not right that under the so-caIIed
Dlmetallic laws which existed previous
10 1913. when one precious metal in
creased IN exchange value, that the
debtor had, through the legal tender
prov1Sion, the option of paying in the
metal which had not increased in ex-
change yalue2" 1t was not only proper.
but perfectly natural. and the only
way that a man who had any sense
would pay. 1t was a legal right that
every one in his right mind would
take advantage of. The other question
Is by H S. Taylor: did not Thomas
Jefferson, in making report to congress
ia 1906, quote the report of the director
of the mint to the effect that a great
increase IN coinage of fractional sill
yer was made at the special request of
bankers. because of a demand for frac-
tional coin and to prevent the exporta-
ton of silver?' He did not. If any
body will show me the report that
says he did, and it is authentic, l will
agree to it. l have never myself had
my attention called to it. It was not
the reason that the secretary of state,
under his direction, gave for suspend
ing the coinage of the standard silver
dollar. If the small change was scarce,
and the banks had requested Mr.. Jef-
ferson to stop the dollar coinage, and
coin the small money because they
needed that the most, I should have
considered it patriotic in him to have
acceded to their wishes. He did not
give it to the secretary of state as one
of his reasons, but he may have had
such reason; I do not know
BEST FOR THE COUNTRY.
Question by E. D. Starr, of CIeve,
land, to Mr.. Horn: DO you now think,
in view of all that has transpired since,
that it was good thing in 1873 to have
gone to a gold standard for this coun-
try" Mr.. Horn said: Without any
question, it was the only safeguard for
the people of this nation and the bust
ness interests of this country" Gong
and enthusiastic applause).
To Mr.. Harvey-Question by l.. G.
Powers: WAS there ever a report of
the director of the mint that did not
contain separate statements of the
coinage of the Philadelphia mint and
also a summary of the coinage of all
minis, and did the director of the
mint ever make a mistake, as has
been said by you?" Mr.. Harvey said:
My answer is, as L understand it,
the coins are reported in separate ia
bleS from the separate minis, and
that in another book, issued officially
from Washington, we get them all
combined in one table. AS to mistakes
being made by the director of the mint,
mistakes are made in all official tables
produced at Washington, more or less.
Where you deal in so many figures it ia
utterly impossible to get out book
without getting mistakes in it; they
say. at Washington, and l agree with
them, that it is utterly impossible.
The only question is to get them as
near right as possible, and where q
mistake does not affect the principle
that is being examined it is not re-
garded as a material mistake"
The further hearing of the debate was
adjourned to 10 a. m. tomorrow.
III. Er,..f n IL