River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1895-08-01
WILLIAM IopE HARVEY.

given as s3,90l 9OO,O)0d the stock OF silver S.
p3l 10000 On accourf of the great use OF gold
in the arts he n ANITA led that there was not
enough OF the yellow metal to answer the
needs of money.
Mr. Horr maintalgsd his previous state
ments that no natiou alone can establish the
old ratio of rs TO l. ank he did not believe that
Mr. Harvey thinks Anv one milton can do it
Nations hy their Laws do not fix the value OF
thinA They canncf do IL If they try. The
actual value of the tho metals at the present
time is wide apart The ratio OF rs to is to-
day thing OF the bast Always from the
earliest foundation mof society the relative
value between gold aid silver has been fixed
by the people OF the xorld. and not by legis-
lation Mr. Harvey md / agree that the free
coinage OF silver willkdecrease the measure of
value used here in tbs country. The burden
of mis- whole talk 4 this debate is that We
ought 10 have a chbaper measure; that the
unit is worth too much So now we agree that
it will change the measure Mr.. Harvey
saws that Is what ought to be
done because he kavs the whole world
is in debt and Dr. country is on the
brink of ruin becausa the present dolll is too
valuable That is Sposition in which differ
from him The febtk OF the day have all been
contracted with the hold dollar as the meas
ure and TO relieve b payment of them in any
way by a trick Of thS kind is Reputation.
Mr. Harvey continued his quotations from
statistics in relatiouAto the worlds supply Of
gold and the beariIg the arts had toward it,
The more costly eittxr gold or silver becomes
he said the freayer the demand among
the rich for il kfOr use as ornaments
Where the dcarer Sis used exclusively for
urinary money il ethe one that Is boarded
when gold and slfer were both used as
money in their own Night silver was boarded
nv the plaia ueople and was brought forth to
serve them in time an need Gold is principal
ly boarded by the &ch to serve a purpose IN
bulling the money market Hoarding of silver
nv the p,ople was bXne6cfal boarding Of gold
is an injury The 4 tuse OF boarding in the
tNo Instances is f,rent In the first in
stance il is to serve Va natural law providing
for the future: II tss second instance IL Is
commercial motive affecting njuriously the
community This ie one OF the reasons why
silver has ALWAYS proved the more stable
money
Mr. Horr referredtto Mr.. Harvey's habit OF
comparing size as Having something to do
with value and stated that the amount OF
gold in the world alt nut in a cube hasn't any
thing to do with nos much il Is worth. He
accused Harvey OF dmparing things that are
not alike with 2 ehtother. and when 4 man
does that. he sab he is always in the
wrong Now. thete Is no Disgusting the
issue between US II is simply this: Can We
bsnent the paopletof this republic now by
making a dollar rnekn about half as much as
il now fpeansy C.uxye benefit them by m *
ing IL seem any cout derable amount les than
IL now is by making II actually less in vaiuef
We may disguise ittas much as we will,the free
coinage of silver H. a ratio Of I6 to means
silver monometallitn.
Mr. Harvey mainhinei that there will be a
n commercial paritt between Vold and silk er
at the ra.io OF is tok. If the law Is passed put
ting both metals ID an equal footing at that
ratio What he me- Int by an equal footing IS
that both shall haSe the right 10 enter the
minis free to he coined into monsy Win 80
4
grains OF pure gold. to be dollar anu sal =
grains Of pure silker TO be a.ilar- Inc
money made frok both metals TO be
full legal tended money IN Inc pay
ment OF III debt1 and the deotor 20 nave
the right To pay In Either metal Inc supply OK
silver Is mited fWhen great nation ike
this whose norma it,anacity for the absorpio on
o. money il the trab sactiOn OF It's normal pas.-
res i no far d. a 900 0O0l0a opens its
mines to silver i fixes the prize OF SILVER
the world over So long a. the supply
OF silver is limitkd. as II Is now no one
will part with Z fof any less than tney can get
FOR il in the UuiteaIstates Mr. H0rr viii say
to this: The gotrnment does not BUY the
silver under free coinage. II stamps X anu
hands il back to the owner worm no more
than when he brou lht IL to the laint WHAT
the government n 4 done is this: II has given
10 silver a new usI and The use Is what gives
70 II its value.
Mr. Horr ciosct the debate with an elo-
euelt peroratiop "a she revival o. business