The advocate., 1895-08-07

/ SAAo mOAuCuI MA A1dEFSy udS uOb 6dlu
one word upon the real question in de-
bate. He spent hours to prove that the
law Of 1873 was conceived in sin and
brought forth in iniquity.O I gave a
short succinct history of the origin OF
the bill and the steps taken in it's Uas-
sage. He has not successfully contro-
verted a single statement Of mine. He
has nowhere proven any act Of bribery
or the influence Of money in single
step taken during the progress Of the
bill through congress. He or no one
else ever will, because there was none.
He has now printed long tables to
prove that when the entire world, ex-
cept England, was attempting to con-
troll the price of silver by legislation,
they succeeded in keeping the legal
price within 5 cents on the dollar of
the market or commercial price, and
that generally the variation between
the market price and the legal price
was only about two points. have
shoWn-and he virtually admits, at
least he has nowhere denied it-that a
variation Of one-quarter of one point
has thus far been sufficient to drive the
dearer metal from every country in
the world. But suppose we admit that
by the concerted action Of these cOun-
tries, including all Europe, except Eng
land, they did prevent with the con-
ditiOns that existed in those days a
variation Of more than two points be-
tween the legal and commercial ratio,
that does not help Mr.. Harvey in this
debate in the least. That does not
tend to show that the United States
government alone, with the entire CIV
ilized world refusing free coinage to
silver, and when the difference between
the commercial ratio and the legal ra-
ito is 16 points, can restore the old
ratios; it proves precisely the opposite
of what he claims. 1t proves that if
the combined action of the civilized
world, except Great Britain, with the
half civilized nations, all that have sill
yer and working to help them, could not
maintain a parity between the legal and
commercial ratios when the produc-
ton of gold and silver were nearly the
same, now, when the production of sill
yer has increased twice as fast as that
Of gold, it is folly to claim that those
nations alone can restore that old
ratio. Mr.. Harvey admits as much
when he provides for cutting down the
size of the gold dollar. With all his
assurance he has not had the hardihood
to claim that the United States alone
can restore the old ratio.
+
Some Pointed Questions for Mr.. Horr
Mr.. Harvey am going to ask Mr..
Horr a question before l proceed. The
table on production of silver for the
world shows the worlds production in
1860 to have been $4O,8OO, ,OOO and that
the production increased each year till
1872, twelve years later, when it was
$65 5,25O,0O0. Here was an increase of
GA per cent in twelve years in the pro-
duction of silver. Now if you are right
why did not this increase break down
the price of silver from 1860 to 1873?
And before you answer l call your at
tention to the twelve years, 1872 to
1884, when the increase is 63 per cent,
1 per cent less than the previous twelve
years, during which time the price of
silver had fallen II per cent. Do you
want to answer it now, Mr.. Horr?
Mr.. Horr-No, l will think over it;
don't crowd me now.
Mr.. Harvey-Mr. Horr challenged
me to show where any dollars were