The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1895-07-25
"A CRUCIAL QUESTION
FOURTH DAY OF THE HARvEY-HoRR
~ DEBATE BRINGS IT OUT.

FOURTH DAY OF THE HARvEY-HoRF
w. DEBATE BRINGS IT OUT.
ought We to Again Throw Open the
MINIS of tho United states to tho Free
Coinage of Gold and Silver at 10 to !,
When the Actual Ratio of Value II
Fully 80 to ~
CHICAGO, July 22.-The crucial point
has been reached in the Horr-Harvey
debate. 1t was near the end of the
fourth day when Mr.. Horr, breaking
from the long continued discussion OF
the circumstances surrounding the en-
actment of the law of 1878, stated COM
pactlv his version of the existing con.
ditions of the debate and then pumped
the main question: "Ought we again
throw open the minis of the United
States to the free coinage of silver?'
Mr.. Harvey was evidently taken by
surprise, but stood by his guns and in
sisted on proceeding with his attempt
to prove that the characterization was
accomplished with a surreptitlousness
that was criminal.
Here is what Mr.. Horr said prepare
tory to springing the chief issue:
''There are some things about which
Mr.. Harvey and myself differ and some
about which we agree. He thinks that
our forefathers established a single
measure Of value; that that measure
was S71L grains of pure silver; that
gold was made simple companion
metal of silver and that its value was
to be all the time measured by silver
dollar. believe that those early pa
triots attempted to establish measure
of value out of two metals, gold and
silver, and that they supposed they had
hit upon a ratio which would secure the
use of both gold dollars and silver dol
lars. Besides, we agree that up to
1884 the measure of value in actual use
in this country was the silver dollar. !
assert that in 1884 the ratio was
changed, that the gold dollar was made
smaller. He admits that. I insist that
when the gold dollar was cheapened it
became the actual measure of value IN
in this country and remained so up to
the suspension of specie payments; that
tie >ilv .r dollar, though still legal
measure of value, was not used In this
country as the actual measure after
1884. He denies that. We both agree
that from 1862 to 1879 the domestic
business of this country was done by
using the greenback dollar as the meas
ure of values, which was during none
of those years equal in value to either
the gold or the silver dollar. He states
that in his book. We both agree.
Makes 1t Emphatic.
"Now mark. We both agree that in
1878 the coinage of silver dollars was
stopped by law, and that since 1879,
since the res umption Of specie payment,
the domestic and international business
of this country had been done on gold
baiss. We agree that Great Britain has
been on gold basis since 1916; no dis
pute about it. claim that Germany
ceased the free coinage Of silver in 1871
and he claims that 1t it was not done
until later-1873-bu we both agree
that since Jan. l, 1874, Germany has
been entirely upon a gold basis. We
agree that the nations which compose
the Latin Union-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 and Japan and several
other republics of South America are
silver standard nations.
No Double Standard Nation.
"There is 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 countries where
deprecated paper money is the only
circulating medium and metal money
is bought and sold as commodity,
Just as was the case in this country
during the suspension of specie pay
ments. Mr.. Harvey claims that the
law of 1878 was secretly and fraudu-
lently passed. He won't deny that he
claims that. That I have denied and
still deny. say that there is not a
grain of truth in such statement
But we both agree that the law was
passed and is in force today. Now the
important question before the Ameri-
can 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 upon the old ratio of IL to /.
when the actual ratio of value in the
markets of the world is fully 80 to II"
Mr. Harvey: When I have read the
printed record of what Mr.. Horn has
just now said, it will be time enough
for me to take up new subject. am
not done with the present subject yet.
THE SECOND DAY.
Demonstration Act of 1873 Discussed
Mr.. Harvey's Proof.
CHICAGO, July 19.-The subject of the
days debate on the silver question was
characterization, the act of 1878. After a
rambling talk of considerable length
regarding the previous days debate
AE. uo.1,o~- <7;eor,sor7 IN, 1okoi1 tho ~