People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1895-08-01

cents.
Mr.. Harvey in turn said that what
Mr.. Horr had said about the cost OF
producing silver he could have said
with much more force with regard to
gold. Silver was only produced from
quartz: most of the gold was produced
from placer mines. 1t cost less, dol
lar for dollar, to produce gold than
silver. He read from a book by Alex
Delmar, an opinion that pound for
pound it cost more to produce silver
than gold, or dollar for dollar, sixteen
to one. Why did men continue to
mine silver at a loss? Why did men
gamble on the board of trade? 1t was
the gambling instinct implanted in
the human breast.
Another thing: Much of the silver
produced was produced in conjunction
with gold mining, and large proper
ton of the silver produced was the re-
suit of attempts to develope mires
which proved failures in the end and
the losers were dispOSing of their out
put TO try to save something out of
the wreck. There were, he declared,
only three or four silver mines in
operation IN the country and they
were having a precariOuS existence,
liable to close any week. Mr.. Har-
vey then denounced Mr.. SCudder as
the tool of the banking interests,
sent out of the silver country to de-
fame his nation.
Mr.. Horn declared that the state
ment that it cost more to produce a
pound of silver than a pound of gold
was not true and had not been true
for a great many thousand years, 1t
was true, he said, as measured in
human toll, both gold and silver had
deprecated in value, but silver had
deprecated much more than gold
lie then presented statistics in sub
sanitation of the depreciation o.
gold showing the prices. for agricul
ture and labor.
Mr.. Harvey took up the subject
and proceeded to argue that advance!
in the price of grain under
gold basis in the years quoted haC
resulted either from short crops or il
the increased demand brought abOu
by the finding Of new uses for it.
Mr.. Harvey said: THE bank
should 60 out Of the government
business instead Of the government
going out of the banking business
(applause). Let the banks be bank
Of deposit and discount and not max
erS of money. They are making i
now with bank credit and you ar
paying them in the foil. The argu
menU that confidence and not none,
is all that is wanted, if made by
greenbacker, would be ridiculed b
these same men. Confidence won
buy anything, it will get man il
debt to a banker. that is all.
You might as we'll talk abOu
doing without air and water as t.
talk about doing without money
There is no condition of civilization
that you can imagine by which yOl
can be part Of that civilization an,
yet do without money, (Applause.)
"And by the legislation of 1873 4
has been enhanced in exchang
about double with your property
That is tfe crucial point in thi
financial cusSiOn. (Applause.) 1
man lOaning his money in 1873 tina
1000 bushels OF wheat would hav
paid, you must now give him 200
bushels of what tG pay that debt
(Applause.)
"The men who own bonds payabl
in money and securities payable il
money aggregating more than all tn
assessed value of the property in tn
United States, have legislated so a
to enhance the value Of their proper
ty until you have got to give u
twice as much to them when the
come to buy your property as the
gave up to you 6hen you with you
hard earnings with the product Q
your looms and your fields 60 to bu
their property" (Applause.)
Mr.. Horn: Now, l want to ca
the attention of my friend to the fac
that he can't get at how farmers ar
: doing simply by selecting one art;cl
: which happens to be cheap"
: Mr.. Harvey: Il want to ask 20
j. right here before these people
4 answer my argument made just b,
4 fore l sat down."
S Mr.. Horn: II am going to if 20
e will wait and keep still; that is whs
: l am up here for now. Naughter.)
n 1.-THE very last thing he said was
reference to the fact that a farmt
D had to give twice as much wheat I
O pay his debt as he did before the d.
S monetization of silver. What al
d you? That is the very thing | a