Courier Democrat. (Langdon, N.D.) 1891-1920, 1895-07-25
the actuar ratio or value IN the markets Of
the world Is fully 30 to 1?" y

10
up new subject / am not done with the
present subject yet. The act Of 1853 served
the purpose of the men who were seeking
to overthrow our constitutions standards,
Of money in this way. In 1851 on account
of the expectation Of our silver coins, by
reason Of the French ratio of 1874 to 1, be.
ing less than ours, 16 to 1, congress-, pre-.
serving the silver unit, ordered by act that
the fractional silver fifty cents. and less
should be cut down in size to the French
ratio, to stop its expectation. The silver
unit was preserved and could be preserved
without even coming single one of them.
1t would regulate the other coins all the
same Now this fractional silver has it's
legal tender character taken away from it,
because 1t was not of full weight. 1t was
not made full weight because of the ex.
portation and 1t was made nOn-legal tens
der, because it was not of full weight,
awaiting further consideration whether we
could go to the Ere lch ratio as whole or
not So that when the bill in 1873 was be-
ing considered at time when nobody was
thinking about coins and very few knew
ANYTHING about it, these men who were
steering the bill said:
1--WE are re -enacting the act of 1853.
There can't be anything wrong about that"
and that Is what they made senators and
congressman believe they were doing, ex-
eept that they were going to reduce the
size of the silver dollar, to put us on the
French ratio, but talking to men who
knew nothing about bimetallism or the pre-
vious history of coinage. the act of 1873
served that purpose to get the language in
the bill concerning the fractional coin and
the preceding clause that had the dollar in
1t, into language Of the act Of 1853. So that
all they had to do was to strike out the line
that had the dollar in it in the words of the
act OF 1858, which was free coinage dol
lar. and there you had an act without any
free coinage silver in it.
This bill was passed in the senate on
Jan. II, so that the morning papers Of the
18th would contain any news, If there were
any, showing that the fundamental laws Of
the government had been changed.
The only reference that appears in the pa
per Is press telegram FROM Washington,
which says this: "Mr. Sherman called up
| the bill to revise and amend the laws re-
lating to minis. assay offices and coinage
of the United States, which was amended
as passed" That is all, not another word.
One. Of the money metals of the United
| States. rs is now conceded, was struck
down by the bill; the constitution had been
overthrown; the dollar that had regulated
| all other coins had been abolished. A great
war debt to be paid off and one of our
money resources for paying it had been de-
| stroyed. (Long continued applause.)
! No information of that fact was con-
| veyed to the people through the newspa-
/ peES VI Gue COuulIy. NApPAduSS.J Lie re-
| porters at Washington did not know it.
| The money Of the people that had served
| them well was destroyed, and now I chal.
lenge Mr.. Horr to show me anywhere in
the newspapers Of the United States dur
| ing the passage Of the bill which he says
! has no faint Of fraud attached to it, where
| the public knew that bill was being con-
| sidered by congress that was to destroy
| as money one-half of the money metal Of
| the country. or that they had passed such
a bill. have charged that 1t was passed
| secretly. The fact that fundamental law
| of the government had been reversed and
| that no information of it had gone to the
people whose government it was, either
| before or after the passage Of the bill,
until it was discovered several years at
! terward, Is one of the best evidences of
| Its secret passage.
The contestants being clearly at logger
| heads as to the point of discussion, little
further progress was made. until adjourn
ment was taken till Monday. The debate
! prior to running against the big snag had
been full Of interest
| Mr.: Horr, in opening, declined to allow
Mr.. Harvey to accept as admitted any
| statement of Mr. Hervey's which Mr.. Horr
had failed to deny. Mr. Horn said Mr..
Harvey had been reading series of care.
fully prepared essays, and he (Mr. Horn
| could not be expected to remember all of
the statements made In them. He would,
| however, furnish Mr.. Harvey a rule to 20
| by. He might take it for granted that he
(Horr) denied everything except what he
expressly assented to. Mr.. Horr took
| up the
international Monetary Conference
In Paris, Of 1857, at which the leading civ
| ilized nations Of the world were repre-.
scented, and pointed out that after eight
| days consideration, the representatives of
| all the nations present including the United
States. voted unanimously, with the excep-
| tion of the representative of Holland, in
| favor of a gold standard. 1t was after this
that our statesmen began to consider the
| question of our currency and it was openly
| and as a legitimate outcome of this inter-
national conference that the act of 1873
| length, quoting from letters and documents
| to prove that the charge that the de-
monetiZatiOn act was passed through the
influence of British brides was false
Mr.. Harvey, replying, said that the argu-
| ment tended to show that the most i'm
| portant letter submitted by Mr.. Horr, show
| ing that the man who was supposed to
| have done the bribing had in fact advised
that the nation continue bimetallism, was
| inconclusivc. At some future time a letter
| written by Hon. John G. Carlisle might be
produced, showing that he was bimetal-
| list instead of single standard secretary
| of the treasury. Mr. Harvey resumed the
j
| the debate in the senate when the bill was
| put on its passage.
Mr.. Horr said that there was in the bill
| of which Mr.. Harvey had spoken provi-
sion for Il token dollar worth. five francs.
| The senate struck that out and substituted
the trade dollar.
| Mr.. Harvey-If you will show me any
| where in the debate that day where the
senate struck out that provision we will
| stop the debate right here. Great applause
| from Mr.. Harvey's friends)
/ Mr.. Horrible bill as passed contained
| the trade dollar, did it not?
Mr. Harvey---Yes, sir.
Mr.. Horr suggested that that covered the
I point and proceeded with his argument
| He said that nobody thought of striking
| down silver when the bill was passed. At
that time silver was not in circulation and
the bullion in the dollars was worth more
| than 81.
Mr.. Harvey read from Senator Sherman's
statement on putting the bill on It's pass
age showing that the bill provided for
two dollars: A 3S4-grain dollar equal to
the French fve-franc piece, and the trade
dollar He declared that Mr.. Horn had
said that this small dollar was not in the
bill.
Mr.. Horr interrupting, said he never de-