Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-07-28
One More Day of Silver
Debate.
ACCUSED OF SOCIALISM
Mr.. Harvey Makes q Vigorous
Denial of All Such Asser-
lions by Mr.. Horr.



uulhs the years from 1850 To 1880, Ills thhlr
mhA prepared by StatiAiioinn Wright With
n mSg toa ana price. ~ 1850 taken ~ tho index
~ wv " showed that In 1890 prices were ~
T iYs' i'0' and tho purchasing power Of wages
Mr. Harvey in turn took up tho matter
a. Ihn prices Of wheat for horieH u years
~ reply 70 Mr. llorr'u statement OF Thursday
tnht Tue farmer had received ais much for his
IHnoluola IN gold a. no had received before
hlyef was domonouzod, For answer no quo.
t9u ne prices from year 70 year. lla do
uIed mo arguments Of MT llofr wore those
s wh,n mad been used at all times to bulwark
NJ llorr said Mir, Harvey had only quoted
pnel extract ana did not give the sense OF
NAY o,ug,o' Inc correspondent replied to dd
W. want elther gold or silver money but
merely paper based on nothing. II was only
ahother form OF the nooialisuu crasO and Mr.
Harvey would come to that In Tie end iiis
disease had not reached itu worst stage, Ii
moNn'u come to socialism and anarchy In tho
Mr. llaryoy's friends In the audloneo brpLo
out ~ dissent az this statement and sir ilnr-
Noy declared that not word he had uttered
WOULD lututy IT, Mr. llorr declared that tho
cured from hla friends In tho audience was
Nuon Nc denounced a large part uf the peo-
ple 81 tne country aa acoundrolH aud had
dogs. "e " Wv
Mr. ilorr then took up the question OF
pehhH' which AIR. Harvey on a former oc.
cahlpn had denounced. lilo admitted that
more were corrupt bankers. but the business
OF banking, aa carried on, was the out
gown OF civilization. and banks were a
bn,hlng' lhcy made u possible for a gold
dollar To do twenty umou nv much Az ID
eould DO otherwise. Ito had srNn 1ilp 600 900
81 business settled IN three hours In the
per cent was done In money. N ii had
been necessary to count all this money il
would hayo taken an army Of mon and
many long days OF work
MT Harvey, replying, presented a table
OF hgureh showing the fuilurcn In the coun.
NY 10 pointed out thu' during the war
when tho circulating medium amounted 10
W. per capita. failures had been reduced TO
a minimum, AZ the circulating medium de-
creased, failures Increased The nation owed
10 ilhcli To got rid Of the great amount Of
bank credit aud tuhHtitutc money for H.
The intcroAt On so. 600 600 Of debts To thc
banks was tho equivalent Of the amount nf
tue annual falluroa Nh. Harvey thon pro-.
c'nded TO quote figures an 10 the number and
miles on railroads In the hands of rocovOrH.
the comparative Increase VI tenant farmers
over owning farmcfa IA 1880 over 1850 ~
shown by tho census RETURNS. aud tho great
per ccntaEc of home koopora who are ront.
urg, not owners,
Mr., llorr said he would admit TINT tho
quantity " Rnl1 In tho world had not In.
eruasod Ms fast az tho business of the world
but Il was not Necessary one hundred dol,
lars would nov more than $1,000 would for.
mcrly Ninety i've per cont Of tho hualnoss
was done without tho uho u gold. oxcopt nu
standard of measure. lie illustrated tho
case hy citing stream IN which there was
Nh ulu ihhlunOd mil Let other modern
mills be eonntructod along this stream and
by using the same water tho output would
be vastly Increased.
M Harvey replying, made another appli.
cation Of tho comparison Of tile stream TO
money suppose no said, that mills had been
! built along Tho stream and iu machinery
| adapted TO II, Ihou suppose that suddenly
| one nalf VI tho now Of that stream would
| be- cut on, how would Il Affect tho milln
| suppose again that certain persons should
| divert the water Of THIS stroam store II IN
AZ sINl nj aha Al
| for H. use, that would b. a parallel case to
| that Of tho people and the banka at present
| Mr. Harvey rcsuming his statistics gave ng.
| ureh showing tho number OF humiuldN4 In
| the United States from 1889 10 1891, the mum.
| Der Of HuiuidgH, tho number Vt conyioW In
! prison. ctc No attributed those to tho do
| crease III wages and the Increased value Of
| money, lie said ho pointed out thuue things
| because they Indicated a national disease u
| disease threatening tho NE Of tho republic.
| II was necessary 10 honestly diagnose tho
| disease In order 10 apply the remedy, All
| republics had fallen from the same cause,
| when they reached point whore tho control
| Of Tho nooossatios OF ifo iall into tho hands
Of selfish men monarchy became logical
| and necessary,
| MIR. Harvey had dalcd on was chleny due
| To fear on tho part OF tho people " this
country " return 10 the silver standard
Mr, Harvey, said Mr, Horn had laid Tho
| cruolnHl0n of tho BAYLOR at the door Of the
money puwcr among tho llcbrowu, Tie rec
ord showed that the Savior wru betrayed BY
I
| and insisted on n ratio Of 20 To l. A. 10 the
| diycrhlon Of half q the water from tho
stream. Mr. llorr said. that Il tho other half
| furnished all tho water needed tho milla
would not be affected at all,
Mr. Harvey replying said that under tho
| bank credit nyAtom We had AlwaYu had
panloa and We always would have them, The
! tho coinage, but to tho bank credit System.
| la answer to Mr. llurr'n atAtomut that the
great mass Of debts " the naG)n We're
IfIt and nat
| trhoted before the passage Of tho demonotisa-
ton act, Mr. Harvey quoted from tho hank
erA' Magazine. which showed an aggregaio
| Of half dozen Of the large long time dohta
| OF ti9 900 900 MIR, Harvey said
"Tha debate IA coming 70 u closo viz
tualy today, because on Monday shall
speak exclusively upon tho Independent Re-
ton OF the United stntos."
Mir. Harvey donlod Mr.. Ilorr'a assertion
that falling prices wcro the result OF i'm
proved facliitiea. Mr.. Harvey said
1T IL the supply produced and the de-
mand for II that regulates tho price OF such
products. Suppose widow. owning farm.
| nciehborn 10 raise and harvest hOr wheat
CROP Win her wheat be worth any lees
than the price fixed by the quantity Of wheat
In existence known 10 mo traders, and the
estimated demand for NJ
III ali tho corn crop IN tho United states
| was destroyed except the crop IN Iowa, would
| Tho Iowa corn crop price he goyornod by the
coat of production or the relative supply and
| demand for corni Tho coHt OF The product
| hnH nothing 70 do with H. man may produce
| ain ounce Of gold Tor 10 cents that IL worth
| $40. The faut that Il cost him 70 cents does
| not make Il worth lcas than $40
Mr. Iorr--M Harvey Ia mystlnod because
| he takes It FOR granted mat the burlnc=z ot a
| country entirely depends upon the amount
| nor capita circulating medium. iie insists
| that II you shrink that you ruin the business
| on tho country. No moro transparent humbug
| wan over taught tho people o. this or any
other country Money Il plethora In this
/ country today There are hundreds Of milliona
| of dollars lying idle simply because there
i IL nobody 20 use Il. Il ~ not an abundance
/ Of money that makes business active, II Is
/ buhlnull that mnkea money active IN this
/ world " ours. (Applauael And until you
lcampfohond that point, ilrolhef Harvey, you
| will never understand this financial question
/ az an. tf.Aughtcr) The ratio q m0neT 90
/ mo poputation proves nothing. What VIC need
/ In the United states Il good wages for work
atcady employment for our men and We have
| fnnnrv enough 10 do twice tho business W.
| arc dolnr. tAppaufe1
speaking Of organising labor, MI, Harvey
"organsauon sua,slna wages for those act
| uniiy employed while onEeKcd AZ work, but
| Whenever sou average the wares py IN
Guiding the unemployed and Include tho OK
/ mo calculation THIS way and you viii mud
| thai tho gold basis has measured Itself IN
/ wages With mathematical Hceufamy ThiA
/ col dltlon ~ not healthy, u " not rcpd for
| tha country, n breeds strife u create loss 10
! industry and labor. Il destroys manhood n
4 fnakoa criminals. the canto 81 II should DO
| removed. tAppanfel Tho labor organizations
| viii continue and have q rght 10 continue as
long ~ inphV ~ 49,, =" ~ ~,