The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-08-21

uCs4IIOn OF OOCJOFS. FTOm your speech
this mrning on insanity, ETC., you have
clear-cut idea about physicians, and if
you will apply your method of arguing
you will open such q school tomorrow.
The only way is to start out with the
proposition that the whole human race is
sick Qaughter); that we are all subject
to disease; that there is not a single per-
son on the face Of the earth who hasn't
some ache and some pain. Now, If there
is any unlimited demand for anything
on the face of the earth it is something
that will relieve people from feeling bad
ly. ; Doctors are the things. Conse-
quently in order to carry out your theo-
ry, it would become necessary to magni-
fly the diseases of the people. Make
them think that every little ache is
disease that threatens life and then you
would get an unlimited demand for doc
tors. Now, in order to carry out Just
that theory my friend Harvey has mag
nified the debts Of the people of this
country. He does not recollect that the
business of the world is more done upon
credit than all other things combined.
When you strike down the credit of the
world you bring trouble. In order to
reach his unlimited demand for money he
starts out with the proposition that the
entire human race are debtors, and con-
sequently the only use for money-the
only legitimate use-is to pay debts.
Mr. Harvey-"Now, Mr.. Horn says that
I said in Coins Financial School that
there were $40, O00, 900 900 of debts in the
United States, about This debate is
coming to close virtually today, be-
cause on Monday shall speak exclusive
ly upon the Independent action of the
United States and have not room in the
Aah 70 r. hot
have been putting to me several times
on that point in this debate in detail.
am going to answer you now sufficiently
in this way. I hand you the Bankers
Magazine issued in New York city, which
gives the longtime debts in this country.
l skip all the longtime debts connected
with national banks, etc., and read you
five items:
State and municipal bonds 81, 135, OOO, 900
Railroad bonds, the estimat-
ed amount in 1895. $500, 000, 900
Mortgaged street railroads.,
business corporations and
business property ........ 5000, 000, 900
Farm and home mortgages. 2,500, 000, 900
Loans and discounts, banks,
savings banks and trust
COulpduleS 4,l4O, VUU,OUU
"You have there Mr.. Horr, in the
neighborhood of $4,000, 100000 of debts,
and including loans by banks it is $19,-
900 100000. pass you the book. Now
will tell you how l get the balance of the
| $4,000, 100000. After this debate is over
will give it to you in detail if you want
it but I get at it in this way: A ques-
ton was asked you the other day in this
debate concerning the debts, and in your
answer you said this-I now quote from
you: The great bulk of debts in this
country are not over three months old.
The debts that run only 80 days are the
great mass Of the debts paid in every
civilized nation. The debts that run over
year are argely small in number, while
the debts that run over five years are
still very much smaller
Nov have shown you SIS, 900, 900 900
longtime debts (applause), and as you
say that the longtime debts are very
much smaller than the great bulk of
debts you can easily get the balance of
your $40, 900, 100000.
HORR MAKES HIS ANSWER.
Mr. HORT desire to say that before
we complete the debate. today 1 will give
my friend Harvey due notice that his
table on debts will receive all the atten-
ton that he will like to have given it, and
| will then reconcile my statement entire
ly that made here the other day with the
facts in the case. I will show that it has
no reference at all to the debts that he
gives, and they cannot be included in the
$40 900, 100000 that he made the people
of the United States owe.
But just now, during this talk of mine,
want to call the attention of the country
to the fact that Mr.. Harvey, true to the
dostrines generally taught by his school,
is mystified because he takes it for grant
ed that the business of a country entirely
depends upon the amount per capita of the
circulating medium. He iossts that if
you shrink that you ruin the business in
the country. There are a large number
of men who believe that doctrine, but no
more transparent umbug was ever
taught the people of this or any other
country.
Il have in my hand table showing the
per capita circulation of the currency of
all the leading nations of the world. I
shall make it portion of my talk and
have it printed for the benifit of the read
ers of this debate. 1t is as follows: France
has $36.81 to each inhabitant; the united
kingdom Great Britain and Ireland,
$20.44; Germany has $18.56; the United
States $26.O2; Belgium, $26.70; Australia,
$685. the Netherlands, 24.34. In China,
with population of 4O2, 100000, the per
capita circulation is but 81 .SO all silver.
Roumania has $3.50; Servia, $4.27; Swed-
en-, $2.71; Turkey, $2.37; Central Ameri-
can states, 1878; Japan, 81; India, with a
population of 287 200, 900, has So. Az Hayti,
$3.50; Portugal, $21.O6; Egypt, $685.; the
South American states, 1857; Canada,
So; Cuba, $12.31; Italy, $685. Switzer-
land, $1448; Greece, $12.22; Spain, $17.12;
stria-Hungary, $3.50; Norway, $3.50;
Denmark, $11.72, and Russia, with popu-
lation of 124, 900, 900. has $8.17 to each in
habitant.
EFFECTS OF ORGANIZATION. =
Mr.. Harvey - Organization sustains
wages for those actually employed while
engaged at work, but when you average
the wages by including the unemployed
and include the expense and time lost
it does not do So Make the calculation
this way and you will find that the gold
basis has measured itself in wages with
mathematical accuracy. This condition
is not healthy, it is not good for the coun-
try, it breeds strife. It creates loss to
industry and labor, it destroys manhood,
it makes criminals. The cause for it
should be removed. (Applause) The la
Dor organizations will continue and have
a right to continue as long as money is
organized; as long as monopolies are or
ganized. (Applause) But we should
have civilization that would make it
unnecessary for any organizations OF
that character to exist.
I'm Europe wages have been forced
down to the legitimate level of the gold
standard. The bayonet has been used to
n Io he iy,fo