St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-21

this country as the actual measure
after 1894. He denies that. We both
agree that from 1852 to 1879 the do
nestle business of this country was
done by using the greenback dollar
as the measure of values, which was
during none of those years equal
in value to either the gold or the sill
yer dollar. He states that in his
book-we both agree.
NO DOUBLE STANDARDS.
Now mark. We both agree that
in 1873 the coinage of silver dollars
was stopped by law, and that since
1879, since the resumption of specie
payment, the domestic and interna-
tional business Of this country has
been done on a gold basis. We agree
that Great Britain has been on a
gold basis since 1916; no dispute
about it. l claim that Germany
ceased the coinage of silver in 1871,
and he claims that it was not done
until later, in 1878; but we both agree
that since Jan. !, 1874, Germany
has been entirely upon gold basis.
We agree that the nations which
compose the Latin Union, to wit:
France, Belgium, Switzerland, Italy
and Greece, are all of them today
gold standard countries. There is
no dispute between us that British
America and Australia are also gold
standard countries. We agree that
Mexico, China, Japan and several
other republics Of South America
are silver standard nations. There
is today no nation on the face of the
earth that is actually using a double
standard. The actual measure of
value in each Of the countries of
the world is either gold alone or
silver alone, except in some coun-
tries where deprecated paper money
is the only circulating medium, and
metal money is bought and sold as a
commodity, just as was the case in
this country during the suspension
Of specie payments. Mr.. Harvey
claims that the law Of 1873 was Sc
cretly and fraudulently passed. He
won't deny that he claims that.
That 1 have denied and still deny.
I say there is not a grain Of truth
in such a statement. But we both
agree that the law was passed, and
is in force today. Now, the impOr-
tant question before the American
people at this moment, and the one
we are here to discuss, is this:
Ought the law to be repealed?
Ought we to again throw open the
minis of the United States to the
free coinage of silver pom the old
ratio of 16 to l, when the actual
ratio of value in the markets of the
world is fully 80 to 1?'
THE FRENCH RATIO.
Mr.. Harvey-When I have read the
printed record of what Mr.. Horn has
lust now said, it will be time enough
for me to take up q, new subject.
I am not done with the present sub
ject yet. The act of 1853 served the
purpose of the men who were seek
ing to overthrow our constitutional
standards Of money in this way.
In 1853, on account Of the expectation
OI OuI Si1N q SOlIIo, ny OcboOA4 " liz
French ratio of 1872 to l, being less
than ours, 16 to 1, congress, preserv-
ing 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 ex-
portation. The silver unit was pre-
served, and could be preserved
without even coming Single
one of them. It would regulate the
other coins all the same. Now, this
fractional silver had its legal tender
character taken away from it, be-
cause it was not of full weight. 1t
was not made full weight because
of the expectation, and it was made
non-legal tender because it was not
of full weight, awaiting further con-