The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-07-23
Harvey and Horr Talk About Things
as They Are Now.
THERE'S TOO MUCH SILVER
And for That Reason Roswell Says
II Cannot Be as Valuable as
Gold Compared with Or
dinary Commodities.


Greek and interesting as a tug OF war.
1t was seen that the days of 1892 and
1873 and other years, no matter how
historic or important. were all barred
more or less In favor of 1895.
Horr opened with written argu-
ment touching the impossibility of
maintaining a fixed ratio between gold
and silver. As the result OF experience.
he said all civilized nations discarded
silver as standard money. 1t was use
less to exploit long tables of ratios to
show whether a double standard could
be maintained.
Harvey said ne had been called upon
by letters and kilograms to give state
ments by Blaine, ingalls, and others,
concerning the decentralization act. He
said the words at his disposal in the
debate would not admit OF II. Taking
up Horr's eulogy OF Senator Morrill,,
delivered Saturday. he charged that
Morrill, had erred in saying no silver
dollars were coined for forty years
prior TO 1873. Harvey read from the re-
port OF the director Of the mint. show
ing silver dollars in greater or less
amounts had been coined nearly every
year. The fact was that Morrill, was
a bank stockholier with the bank
stockholders prejudices. He called on
Horr To explain.
The latter said that Morrill, had not
meant TO say not a dollar bad been
coined, but none TO speak OF had been.
At most II could be said that Morrill,
had made a mistake. Harvey in his
book had made a mistake In stating tho
amount of silver coined during the life
of the government.
Horr declared that because Judge
Morrill, was the owner OF bank stock,
he was not believed 10 be too contempt
ible for consideration. Harvey said
that In raising the point OF the coin
age of silver prior to 1873 he wanted to
establish a fact In history which had
been obscured by false statements that
such coinage had not taken place. He
waited to make this answer in the
presence Of gold men. Harvey defined
scientific blmetallism to be the free
coinage Of both gold and silver at an
assumed ratio, a change in the size OF
the metallic dollar when the parity be-
tween gold and silver should require.
He held that under these conditions sill
yer would not depreclate. because there
would be an unlimited demand at ra-
ito fixed by law. and no man would sell
has bullion below the price at which he
could have 1t coined.
Horr said this matter OF ratio had
little or nothing to do with the qucs-
tion. The fact was that all civilized
nations Of the world refused to recog-
nize silver except at its bullion value.
For us to attempt free coinage alone
was not the matter. Horr then took
the proposition Of Harvey's book that
making a dollar al one-half the pres
everything In the United States except
debts. Horr pronounced this absurd.
saying We may as well say that II we
cut our yardsticks In two It would
double the amount OF cloth in the coun-
try.
Referring to the cutting OF the yard
stick In two. Harvey said gold men had
doubled the yardstlck in 1873 He
asked whether II half the gold were de-
stroyed. the value of a gold dollar
would not be doubled. Horr shook his
head. Harvey said he would Illustrate
1t In another way which the farmers
would understand. II half the wheat
crop in the United States were de-
stroyed, would not the price of wheat
on the Chicago board OF trade be
doubled. The friends of silver were
merely asking for the restoration OF the
measure by permitting silver to be
coined.
Horr in reply to the charge that the
demonstration OF silver cut the value
Of products In two. II that were true
prices would at once have dropped 81
per cent. Horr said Harvey did not
| care for ratio: what he wanted was a
cheap dollar and the cheapening OF the
emoluments OF labor. That wa.
the most prosperous country ir
| which Its workmen were best paid
| Harvey said that a dear and a cheaT
dollar were comparative terms to b,
measured by any circumstances. II d
gold dollar is worth more than a sllve
| dollar some costly substance might b,
| found with which ~ make dollars. II,
| sdlu ne ulu not propose 10 allow HOrl
10 pose as the friend OF the laborinl
man. Gold men had thrown some foui
millions of workmen out OF employ
ment and had put some OF them IL
prison because they objected to havin.
| their wages decreased. Mr. Harye,
promised at the proper time to show
the logical relation ot the gold basis 4
| workingmen.
Mr.. Horr said II was In 1879 that ",
resumed specie payment and the only
money Of final redemption was gold
He asked. was distress abroad in In,
| land from that time on? The fact /,
the years from 1879 to 1892 found oui
people better employed and at bette,
wages than In any other same number
Of years since this government wa!
formed. applause Four million o.
men to-day out OF employment. wher,
did you get your figures?
| Harvey-''I said from two To foul
| millions"
Horr-"Two 10 four millions. Foul
millions Is ont Of Jhe question. Twt
millions is just abou, as bad. Ther,
Is not any truth in either statement
As to the prosperity Of this country