St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-17
MATCHING MONEY.
GLADIATORS HORR AND HAIR
yEY OPEN THE CURRENCY
CONTEST.
TEN-DAY GO-AS- -YOU-PLEASE
THREE HOURS EACH DAY ON
GOLD VERSUS SILVER STAND
ARDS.
THE INTRODUCTORY sALUTEs.
Horr, the Sound Money Cham+
piOn, Gives I.COin,s'' Books
Some Hard Blows.

CHICAGO, July 16.-The field of
the cloth Of gold, with its magniti-
cence Of chiyalry. was outrivaled
in Chicago today. In elaborateness
OF arrangement at least and celeb
rity of the combatants, the majority
of spectators present this afternoon
were persuaded rightly or wrongly
that the up-to-date tournament
equaled if it did not surpass the
famous occasion when the knightly
champions of old had a joust that
challenged the attention of Christen-
dom. Today's affair was strictly
modern in every detail, and if lack
ing in display of tinsel and plumes,
seemed all the greater to the wit
neSSes, who took it in all seriousness
that it was a contest of intellect in
stead Of muscle. Certainly both sides
displayed an earnestness and vigor
worthy Of an encounter that it was
apparently felt by them would attract
the keenest national and perhaps
international interest. No such big
talk had ever been planned before,
it was claimed, as this ten-day go
as-you-please match between the
chosen representa- tives of the op-
posing sides OF the money question
Roswell G.. Horr and William Har-
vey. 1t was , p. m. when the witty
eX-cOngressman from Michigan. now
resident Of New York, and the
sharp Colorado newspaper man. now
a citizen OF Chicago, signified to the
judges and the select audience pres
ent by invitation at the Illinois club.
on Ashland avenue. that all was in
readiness for the successive 1000
word broadsides that. with three
minute rests, We're to last three
hours q day for ten successive days.
The judges We're Hon. Henry G..
Miller and Judge W. A. Vincent.
Mr.. Horr spoke first. He said:
HORR's OPENING.
Judges and Gentlemen: tt is
agreed between MI. Harvey and my
self that, previous TO entering upon
the general discussion, each of US
shall make a brief statement. defn-
ing in a general way the position he
proposes to occupy in this debate.
The question which we are about to
discuss is one that is not only re-
ceiving very great attention among
the people Of the United States. but
it is one that is also receiving some
attention from the nations of the
old world. The question involves
the kind Of money that shall be used
by the people Of the United States.
and has to do with laws which will
affect the great business interests of
this nation. The question Of finance
is a very complicated one. and there
are some features of it about which
the ablest men of the world have
been differing for years. The foun-
dauon Of the discussion upon which
We are about to enter is a small
book published by Mr. Harvey, my
opponent, and entitled Coins Finan-
cial School, The real aim and object
of that book is to convince the peo-
PIE Of the United States that this
government should alone enter upon
the free and unlimited coinage OF
silver upon the old ratio of 16 to l.
The wisdom of such a course l dis
pute. Mr.. Harvey will still main
tain the affirmative of that issue. l
will state in the outset that, from
the beginning to, the end Of the
book, there is hardly a proposition
made to which I give my assent.
propose to controvert many things
which are stated as facts, and shall
attempt to prove that the entire
theory set forth by its author, if
adopted by the people of this coun-
try, would lead only to business dis
aster and financial ruin. I do not
now remember ever to have exam
ined a book carefully in which I
found so few statements that I con-
slider worthy Of belief, and certainly
never saw so many absolute errors
crammed into so few pages.
THE NATURAL MONEY.
'I am not here as an opponent
of bimetaIlism. 1 believe in the use
of gold and silver as money to the
fullest extent that can be done on
sound business pdinciples Ny posi-
ton upon this question has been
too frequently stated within the last
five years to be misunderstood by
any one. I believe that both gold
and silver are the natural money of
the world; that in all the larger
transactions gold is better adapted
to the necessities of the people than
silver; that all the smaller business
transactions of the human family
for many years have been and al
ways should be conducted with sill
Yer. l also believe that in all transac-
tiOns of the nations of the world. be-
tween themselves, the two metals
should be used in the settling of bal
ances, but only at their commercial
value. also believe that in the busi-
ness of our nation the people should
never attempt to use either metal.
except that it be at equal value. only
in cases where one metal may be
used as token money and may be
made redeemable in metal at its
coin value. I have always enter
tanned the hope that the business
men of the world would yet come
together in an international con-
vention and agree upon some basis
whereby gold and silver can both
be used as the money of final set
tlement among the people of the en-
tire world. I am very clear in my
idea that until some such arrange
ment shall be made it would be
simply suicide for this nation to
adopt a system of the free coinage
of silver unon the old ratin- a ratio