The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1895-08-01
that the country was going to the dogs.
Mr.. Horr then took up


Mr.. Horr then took up
The Question of Banks,
which Mr.. Harvey on former occasion had
denounced He admitted that there were
corrupt banks, but the business Of bank
Ing as carried on was the outgrowth Of
civilization and banks were blessing.
They made 1t possible for gold dollar to
do twenty tines as much as 1t could do
otherwise He had seen Sis, 600, 900 Of bus
mess settled In three hours in the New
York clearing houses and less than per
cent Of 1t was done in money. II 1t had
been necessary to count all of this money /
1t would have taken an army of men and
long days of work !
Mr.. Harvey, replying, presented table
Of failures showing the failures in the coun-
try for series of years. He pointed out
that during the war, when the circulating
medium amounted to $40 per CAPITA fall
ures had been reduced to minimum. AS
the circulating medium decreased failures
increased The nation owed it to itself to
get rid of this great amount OF bank credit
and substitute money for It. The interest
on $40, 100000 Of debts to the banks was the
equivalent Of the amount Of the annual
failures. Mr.. Harvey quoted figures as to
the number and mileage Of railroads In the
hands Of receivers the comparatively large
! Increase of tenant farmers over owning
farmers in 1890 over 1880, as shown by
the census returns, and the great percent
| owners. Mr. Harvey said: II now read
| you from page 262 Of the February, 1895,
! number Of LippincOtt's Magazine In COM
| parative review Of the census Of 1880 with
! that of 1890: In forty-seven states and
territories the number owning farms in
|. creased 15S951 and the number Of tenant
farmers increased 599,337. In 1880 1852
per cent of the farms were cultivated by
| tenants, in 1894 "a 13 per cent Of the farms
| were hired refer to thi because Mr.
Horr used some detached statements
| Concerning minnesota Farms
! the other day, which must be regarded as
very in complete I have read you COM
| parison Of the tables for the whole United
States" @pplause)
Mr.. uorr-so did I follow it with the
| whole. ~
! Mr.. Harvey-I did not so understand it.
Mr.. Horr-Well, you did not read that l
said then. Did not pay attention. I gave
the whole. .l.....t. ,, E. ....
Mr.. Harvey-Dd you have your book
| here, the book you read from? 80
| MI ]Iorr-I don't remember about that.
/ Mr.. Harvey-You have not been having
| the books here?
Mr. Horr-Why, the bulk of the books I
can't get because you Fave got Them out
of the library and keep them I have
never been able to get them. applause and
laughterD
Mr.. Harvey-There are eight or ten pub
lie libraries in this city all having the
books that we are using in this debate.
And the books that 1 have had here have
been on this table for Mr.. Horr's use it
he wanted them. No such subterfuge as
that will save the gentleman in making
quotations in this debate, the authorities
for which he has not produced here for
our inspection. (Applause.) I now read
you, Mr.. Hort, on this subject from the
Census Bulletin of the census Of 1890, now
in my hand l read you this paragraph:
'New York is the congested part of a
large urban region and greater New York
may more fairly be taken into considera-
ton. In New York city and the nine
counties in New York state and New Jer-
sey that are neiShboring to that city S1.54
per cent of the home families are tenants.
Now as to your city Of New York: ''The
highest degree of city home tenancy is
in New York and is represented by 1857
per cent Ninety-three and sixty-seven
hundreths per cent of the families in your
city are tenants.
Mr. Horr-1 have this to say in reference
to my conduct of this debate without
bringing in my books, and I ailude to thai
reminding you of the gusto, for which
Brother Harvey is so peculiar, with which
| he says: Il now pass the book over tt
Mr.. Horr," when he knows that it Is i'm
possible for me during the excitement O.
!. the debate to examine and look into thu
merits of the book or his references. Tht
only times when 1 have done it, l have
caught him in msquoting the book ant
made him own it right here before thu
audience.
Mr. Harvey-Mr. Horr, that is not true.
Mr.. Horr-The audience knows whethe
| that is true or not.
Mr. Harvey-The record of the debat
T will show it.
, Increase of Gold.
' Mr.. Horr said that he would admit tina
: the quantity of gold in the world had no
2 increased as fast as the business of til
: world; but it was not necessary. On
hundred dollars would now do more tina
l two thousand dollars would formerly
: Ninety-five per cent of the business wa
! done without. the use of gold except as
0 standard Of measure He illustrated til
: case by citing a stream on which Their
\ was an old-fashioned mill Let othe
e. modern mills be constructed along thi
f stream and by using the same water tn
output would be vastly increased.
e Mr.. Harvey, replying, made another al
0 plication of the comparison of the streal
r to money Suppose, he said. that mills ha
e been built along the stream and their ms
chinery adapted to it. Then suppose tina
suddenly One-half Of the flow of tina
stream were cut off. How would it affeC
= the mills? Suppose, again, that certain pc
y sons should divert the water of thi
stream, store it in great reservoirs an
, charge the mills a toll for it's use. Tha
. would be a parallel case to that of til
q relation of the people and the banks 8
=, present. Mr.. Harvey gave figures shown
= the number of homicides in the Unite
y States from 1882 to 1891. the number
> suicides, the number Of conyicts in priso1
. etc. He attributed these to decreasin
- wages and the increasing value of none.
=. He said he pointed out these things b.
IL cause they Indicated a national disease
. disease threatening the life of the r.
=. public. 1t was necessary to honestly dia!
% nose the disease in order to apply tt
= remedy. All republics had fallen from I'll
" same causes. When they reached a poi1
!. where the control of the necessaries
> life fell into the hands of selfish men.
monarchy became logical and necessary.
II ''rhe masses became restless-why? b
s. cause they have become poor; becaus
$ they have been deprived of the necessarit
II of life. They become restless. then come
Il crime, as l am now giving you from tt
IT statistics in this debate. Then come pove
r. ty and suicide and insanity. The countl
r. goes morally and politically crazy. The
n comes the E- .s@ssg s5.5E
Il l. Necessity of Martial Law:
ID then comes the necessity for Calling grl
IS and repeating rifles for an increase of ii
~ police and for a standing army In the IA