The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-08-14
The GREET DEBaTE.
Silver and Gold Face
to Face.
A Historical Discussion
Read Both Sides.
REPORT FOR THURSDAY, JULY 25.

maze considerable progress Win REGARD 10
reaching new subjects. Harvey has been
stickler from the start of sticking tc
one chapter of Coins Financial School
and dispos:ng of the contents thereof be-
fore he passed to another; while Horr has
desired to give his subject punch today
pass on to another tomorrow and return
to the first subject the day after.
There was an adjournment over
Wednesday by Horr's request, and con-
sequently no debate occurred on that
day. There was still another adjourn
ment over Friday at Mr.. Horr's request
but there will be debate today
When the debate closed Tuesday night
Harvey was talking with reference to
primary and credit money-how banks
did business, what the volume Of the cur
rency of the country should be, etc. Horr
however, had the opening of the debate
and after few fiourshes of his antiquated
campaign trumpets proceeded to the argu-
ment as follows:
Mr.. HORT wish the stenographer
before she leaves would tell me the
amount of silver dollars Mr.. Harvey stated
had been coined in 1870 at the mint at
Carson City"
The Reporter-"Four hundred and
twelve thousand four hundred and sixty
two"
Mr.. Harvey stepping up to Mr.. Horn
and taking the book)-"I see that in the
uncertain light of this room I mistook
the dollar mark for the figure a. /
will state that the number of silver dol
lars coined at Carson City, New, in the
year 1870 was 12,462. Correct it in your
notes" Ito stenographer).
Mr.. Horr-"No, l want it put down Just
as it occurred"
Mr.. Horny friend Harvey seems to
think that because make statement
that have taken right from the minis OF
the United States, and because I don't
lug in the books, and then with a good
deal of show say L now pass this book
over to Mr.. Horr,' that therefore I don't
make my statements correctly. He has
furnished book here which proves ex-
actly my statement. His mistake-I am
very sorry he made it because if he had
read carefully he would not have made the
criticisms on my statement at ALL"
Mr.. Harvey-"Excuse me. That is the
object in passing the books to each other
II one of us makes mistake inadvertently
the other can correct it."
Mr.. Horr-"If make mistake he has
the chance to 50 right and bring me up
as I have him this morning. Now this
mint report which he handed me shows
that after 1870, up to 1874, in the entire
mint at Carson City, there were only
coined 1928 of the old silver dollars.
The mint report will show that those
were coined from the silver accumulated
+. in assaying the gold taken to that mint
My proposition was that not any of the
silver produced in the country and sold
by silver owners or taken to the mint for
coinage was embraced in that money
which he says was coined after 1853. ]
have made it plain. Now his report shows
that there were 100000 of trade dollars
coined in that mint after 1873, but 1 was
talking of the coinage of the standard
silver dollars and accounting for their
being coined when the silver in them was
worth more as bullion than as coin. Now
1 submit to Brother Harvey that all his
statement on that subject is simply incor-
rect, and his own report here shows that
my statement is true
with all his assurance he has not had
the hardihood to claim that the United
States alone can restore the old ratio
He ought to know am satisfied he
does know-that nothing of that kind
would occur. I think he does not desire
to have any such thing occur. 1 think
he does not desire 10 drive the PURCHASING
power of the silver dollar up. He says
reduce the size of the gold dollar-tells
us that the gold dollar has been con-
stantly advancing in price, and that the
silver dollar has remained stationary
He says over and over again that an
ounce of silver will exchange for as muci
of human productions today as it eve,
go on. Now, my proposition is that goli
has remained nearly stationary in price
s.rce 1873 and that silver has fallen il
price in accordance with the great law O.
supply and demand, and that the cheap
ened processes of production, with thu
increase Of the supply, have driven dowr
the price of silver"
Mr.. Harvey-"I am going to ask Mr.
Horn question before I proceed. Thu
table on production of silver for the world
shows the worlds production in 1860 Ii
have been 40,S00,000, and that the pro
duction increased each year till 1872
twelve years later, when it was $65, 25O 600
Here was an increase of Ga per cent il
twelve years in the production of silver
Now if you are right, why did not TIL;
increase break down the price of silver
I! from 1860 to 1873? And before you an
swer I call your attention to the twelve
years, 1872 to 1884, when the increase i
4 SO per cent, 1 per cent less than the pre-
vious twelve years, during which tim'
the price Of silver had fallen II per cent
1 Do you want to answer it now, Mr.. Horn ?
/ Mr.. Horr-"No, I will think over it
I don't crowd me now
\ Mr.. Harvey-"Mr. Horn challenged m,
l to show where any dollars were coinet
outside of the Philadelphia mint. 1 dit
that Now I want to say to Mr.. Horr
/ while disputing all that he has said, tn,
silver derived from gold in refining golt
at the minis was not coined into dollars
but was coined into fractional silver
When he says that the government wa
willing to lose that 2 or 8 per cent pre-
r1o{,Yn1 no ic covino fhok tho