The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-07-27

R~-S-@ - - 49, -
way.
Mr.. Horr-I couldn't do that. If he
wants to still keep barking at that old
hole let him bark. am proceeding to
discuss the question before US.
There has been an effort among the
civilized nations of the world from the
earliest days of history to try and do
business by using gold and silver as
money. There has been always an at
tempt among all these people to fix
some ratio between the real value of
gold and silver, so as to use both met
ais Unfortunately.
Early Silver Ratios.
Del Mar tells US that in the archaic
epoch, in the very earliest days, where
the records were kept on the papyra OF
Boulak, that gold and silver were equal
in value, one exchangable for the other
At that time an ounce of gold was
worth just as much as an ounce of sill
yer, people cared nothing as to which
one they received. He then tells us
that in the Vedic epoch silver had de-
preciated so that it took four ounces
of silver to buy one of gold. He next
tells US that in the Brahminical epoch,
that was away down in 1900, the ratio
was L to 5, and in 1857 the ratio in
some of the countries of the east was
6 to 1. In the Buddhic epoch it had
changed to 61h to one. In India it was
GA to 1, and then remained so for long
years. IN 100 in India it raised-that
is, lowered-the price of silver to 61s.
In 1850 the ratio had become to 1. In
ho FOL
that in 1890 it varied in different coun-
tries from to 1 even to 10 to 1; diff
ferent countries had different ratios.
In 1895 in the Jul-al-ad-din epoch, the
ratio had got to be Z to 1. In 1851
again it went back to 61a; but again
it went up in India to Z. Now he gives
the limit in the days of Akbar the Great
91a to 1, then went up to 9, and was
for long time 9. The East India COM
panies lowered the value of silver and
put it 10 to l; in the days of the India
company that was the ratio for long
time. In 1859 in the country of MOhurs
| the ratio was down to IA to I. say
now silver was cheaper all the While
in Bombay and Bengal from 1893, 10
to l.
Mr.. Harvey-To something that oc-
Cured in this audience when Mr.. Horn
failed to reply to what Senator Allison
| and others said as to the manner of
! the passage of the act of 1873, Mr.. Horn
said that your enthusiastic expression
or manner was derogatory, or implied
that it was, to your character or intel
I ligence and that it was a failing oE
men who had the silver craze. Mr.
Horn, l want to answer that right now.
| There have been periods in the history
of the United States when we have had
crazes; one of those first instances
when you might have used that Ian
guage was just preceding the battles
of Lexington and Bunker Hill. loud
applause) There have been two or
three instances since, and there is an
other coming (applause) when the in
tegrity of the American people intends
to restore the integrity of this nation
and take it away from the men who are
now driving us upon the reefs of dis
aster, and hurting ridicule at us be-
cause we exercise the rights of Ameri-
can citizens to investigate. (Cries OF
Hear, hear" and appIause) We will
arraign you and these men you defend
for their acts, and when they come
them with arguments. applause, and
cries of Hear, hear!O When we have
presented an argument to you so strong
as that of Senators Allison and HoI-
man, Grant, Blaine, and others, that
that act was a fraud, and you fail to
answer it intelligently, you cannot an
swer it with ridicule. (Cries of Hear,
hear!' and applause, and renewed APP
! plause) I had intended to quote from
Mr.. Blaine Garfield, and many others
on this subject, all in harmony with
what 1 had read (cries of GO on, go
onEO but Mr.. Horr's utter retreat in
answering what 1 have read makes it
Unnecessary (Applause)
Chicago Tribune Quoted
now come nearer home for testi-
mony. The Chicago Tribune of Feb.
%, 1873, says: In 1874, as it was two
years and more later discovered, the
coinage of this silver dollar was for
hidden, and silver dollars were demon
etized by law. This act was done Sc
cretly and stealthily, to the profound
ignorance of those who voted for it,
and of the president who approved it,;
had, without the knowledge of the
country, removed one. of the landmarks
of the government; had, under cover of
darkness, abolished the constitutional
dollar, and had arbitrarily, and to the
immense injury of the people, added
heavily to every form of Indebtedness,
public and private" (Applause)
Gold standard men, this was what
your beloved Chicago Tribune said
Qaughter) when it was honest. It now
repeats what Mr.. Horr says, and is
publishing a one-sided report of this