The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-07-23

SHtChHoI juty Go bhVk HhNss MSfS
thrown to tho dogs to-day in the debate
between Hor aud Harvey, 1t was
more than ever a case Of Greek NEE!
Greek, and interest in the tug Of war
heightened at once when 1t Was seen
that tho days OF Periclsi, az we'll as
l7D2, 1910, 1873 and other years, no mat
tor how historic or important, were all
barred more or less in favor Of 1895.
Mr., Horr opeued with an argument
touching the impo'aIbility Of maintain.
inga fixed ratio between gold and silver.
As the result OF experience, al tho
civilized countries OF the globe had dis.
carded silver as o standard d money.
Taking up Mr., Horr's eulogy Of Soma
tor Morrill,, delivered on Saturday, Mr..
Harvey charged that Senator Morrill,
erred in saying that no silver dollar had
been coined for forty years prior to 1873,
Ho referred to Mr. Morrill, AZ an owner
OF bank stock,
Mr.. Horr declared that tho insinua-
llOu tklHF LFENuhG Juuku shNAAAlA Wau hh
owner Of bank Atock he was not to he
believed, was too contemptible Tor con-
sidOrati0n.
Mr.. Harvev said that in raising the
point Of tho coinage OF silver prior to
1873 he wanted to establish 4 fact in
history which had been obsCuTed by
faise statements that such coinage had
not taken place. lie wanted to make
this answer IN tho presence oil the gold
men.
Proceeding, Mr.. Harvey said that he
did not mean to reflect on any mans in.
teHrity because he was banE stock
holder. He merely wanted to show
that men were sweryed in their OK
preston Of facts by their Interests,
SCIENTIFIC DtMErALLisa.
MIR. Harvey then defined scientific bl.
metallism to be the free coinage Of both
gold aud silver at an assumed ratio;
change in the size Of tho gold dollar,
whenever tho parity between the gold
and silver coins should require; the op.
ton to both individuals aud the govern.
ment to pay In paper money. He held
that, under tho circumstances, silver
would not depreciRto, because thore
would bs an unlimitcd domaud at tho
ratio fixed by law and no man would
sell his bullion below tho price al which
he could have it coined.
Mr.. HRrvsysubmittsd table TO show
thnt from 1851 up 10 1875 tho CONNER.
cial ratio has remained remarkably
close to tho legal ratio, notwithstanding
/ Decentralization 4 nj 10 hU nUlunI
and other Of the great uatioua Of tue old
world.
Mr.. Horr said this matter OF ratio
has little or nothing to do with tho
question. The fact was that all Of tho
civilized nations OF tho world refused
to recognize silver and would only 70.
coivo II at its bullion value. measured
in gold.
HARvEY's ABgURDtrY.
Mr.. Horr then took up the propoIi.
tion of Mr. Ilurvcy's book, that making
the ioiInr OF One.hntf tho present vatuO
would double tho value OF Overything
in the United States except debts. Mr..
Horr pronounced this absurd, saying
We might rs we'll bay that II Wn cut our
yard sticks in two it would double the
amount OF clothing in tho country. llo
said Mr.. Harvey seemed 10 bo stuck
on" "sweet 10 to l." In his book he
proposed metallic values At parity by
reducing the amount OF gold in the gold
dollar. Carried to its legitimate result
tho ratio would como 10 l0 to !, or 10
to /.
Mr.. Harvey proceeded TO argue that
both gold and silver were tho measures
OF value until 1871. Raterring to tho
| cutting Of tho yard.Btick in two Mr..
Harvey said tho gold mon Ind doubled
tho yard.stick in 1873 llO asked
whotnOr. II half tho gold in tho world
was destroyed, the vniun Of tho gold dol.
lar would no! bc donblcd.
Mr.. llorr shook his hoad.
Mr.. Harvey said he would illustrnteit
| In another way, which tho farmers
would understand. II hnlf tho whoat
crop in tho United Slates Wero de.
stroyGd, would not tho price Of wheat
on tho Chicago board Of trade DO
doubled? In dCmonoIzing silver In
1873 tho golden yard.sticlt had been
dorbloI. Tho friends OF silver woro
merely asking for tho restoration OF the
measure by fe.aimtting silver TO coin.
age.
CoSCLuslvE PROOF
Mr. lIorr, in reply to tho charge that
decentralization Of tho silver cut tho
value Of products in two, said that it
that wOro true, prices would have nt
ouce dropped iltty por oant, Tho TACT
was that they did not.
Tho years from 1870 to 1892 found our
pOoplO nOttOr employed aud At better
wages than In any Othur same number
Of years since tIiIa government was
formed IHpplNuac.l
Mr. IlOtvCy--As to tho prosperity OF
| this country between 1870 aud 1902, you
could not brunk down great nation
like thia In ono year 1t hn, takcn
short period to bring us TO tho bitter
cup Of disappointment and distress.
| Mr.. llatr--Stlyur AM heCame Cheap
In this world just precisely lhu samO AZ
wheat aud iron aud 1inG aud load and
other htliClOa havO bO0n chOnpunJd
| just precisely for tho aamo reason, Ap.
plausoJ
Mr " y. Wilcox, Of ChIcago-Ilow
nbout gold2
Mr.. lIIrf.-G Gold tho same. am Glad
you nskoh mo. cold has Deprecated In
yhlnp IN l0B than ono lIunlrnd yOars
90 pOt cont, II Ia cheaper now than II
was In 1873. All arllClo' that can bo
| produced Ay iHyeHuoHs me aheaReF
than they wCfu before ilin invention
wnt made. Tnn whole lrcnd di uiyilis1
ton isto rhgnpon human producle, gold