St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-07

l. L
market quotations in New York, where
gold bullion was selling at small
premium, which was accounted for at
the time as purchases made by gold
syndicate to prevent gold from seeking
the mintS. L also refer him to the
silver unit l gave him, the old coin
dealers quotation on which is ST.
MIR. Horr's frequent references to a
change IN the ratio prior to the formas!
ton of, this government is answered
by this: That this change was not to
make less money, but TO make more
money. In no instance is it known
that silver was disturbed by increasing
the size of the coins. These changes
MADE to make more money. Wherp
these changes were made in the legal
ratio the commercial ratio soon con-
formed to the legal ratio. ?
HE LOST TRACK. =
IF Mr.. Horn had followed me in thel
logical arrangement of the debate as
indicated by the book we were dis.
cussing, l would have been enabled to-
furnish data more fully justifyins5
points in the School attacked by him.
And l had SO intended, but after the
discussion of the crime of 1873 hcs
seemed to wholly abandon the regular
order OF debate and went to all parts
OF the School, and at one time went to
another book had written, up to
Date and hurled propositions at me,
order OF the debate. This required me
to use words in the many brief an
sWers that | made to him 1 did So
because did not want his statements
10 go wholly unanswered at that time
ana risk later an opportunity to an
swer him fully. I would, however.
nave answered ali of them fully, as
dld some OF them afterwards, if he had
let them come in their proper order
One of these topics was debts. The
public knows how 1 abbreviated mn,
answers. | can only say now that i.
is admitted by the other side that our
state, municipal, corporate, and inciu6,
ing farm and home mortgages, amoun>
IN round figures to 800 000 O0O OO0 II is
also admitted that this does not in
clude current business accounts and
notes, nor the enormous sum that
hangs over the army Of debtors who
nave gone out of business since the re-.
peal Of the last bankrupt law, and
mat may still be within the statute of
limitations. Neither does it incIu6f,
debts due from individuals to indf-
V1duals that are not on record and tina,
cannot be classed as debts coming nm
ger the head of business or traders
debts. Nor does it include debts com
ing under the following heads: Pawn
brokers', chattel mortgages, partial pay
ment sales, maritime debts, overdrafts
judgments and taxes
III | mad had time in the debate I
would nave justified, by detail and
with authorities. the $4,000, eco, 900 az
which / had estimated the aggreeate
1ndebtedness of the people of the
United States: The great danger in re-
US the. insufficient supply of money.
aside from the heavy tax. aDproxi
mately S2G0 GG0,000 annually on the
people, is the power of the bankins
fraternity controlling this credit sys-
TEN to bring on panics by shutting of
tbs supDly at pleasure, as they did in
1857. 1873, and notably in 1899 when
they used it to assist Mr. Cleveland
pie an object lesson.
THE RICH: AND THE POOR
In conclusion: And now, excepting
800 words l shall use to reply to Ms
Horrs summary, l am closing this,
debate. The object sought by these
discussions, the questions affecting the
welfare of the human race. is to Sea.
wherein we may advance the general
condition of the people and to detect
errors in civilization. The world. time.
out OF mind, has had business panics
ana mc'St men and women's lives have
peen full of trouble in acquiring the
necessities and comforts of life. Thai
our present civilization has not re-
moved the possibility of these reclir-
ring panlcs, and that to large ma
Joflty or the people on this earth their
almost exclusive attention and lahors
are given to acquiring a living, with.
in most instances, Indifferent and dis
coufaglng results, will be admitted bv
every one. 1t was once supposed that
labor-SaVlng Improvements and inyer.
tons would lessen the necessary toll
or men, and was a promise of a day
to come when. with little labor. ali
would be provided for and humanity
as a whole would be benefited. Has
1t had that result? All will answer
that it has not. The lines of demar,c.
ton between, the rich and the poor are.
more marked than ever, and the 4perI
centage Of people who devote ali Their
time in a struggle for existence il
greater now than at ary time know,
to modern history. This will not be
denied by any but the selfish few. whose
wants being supplied know nothing OF
the wants of Others. And vet, if there
were no defect in our civilization. in
Vestions would have the effect at first
intended for them. We are sufficiently
aGVanced now in this respect to provide
all the people of the world with the
comforts of life by one hours work
each day, by each individual. while the
remaining hours not devoted to sleef,
would be used in the promotion OF
of the human race. That the passage
way to a new era is blocked by a de-
feet in. our civilization should be adj
mitted by all.
REMOVE THE OBSTACLES.
In my Judgment the discussion of this
financial subject can be made to re.
move the obstacle in the way, and that
with Its removal will come discoveries
that will lift the human race to a
nlgher plane not now dreamed Of The
nrst obstacle in the way is seifishness
me promotion of self and personal in
Vades nearly the whole of mankind.
as natural result we are in the.
midst of commercial age. Mans OBJ
Ject IN life is comm acQuisl-
a alon OF property. Hence, property has
come to- be, in our laws, our habits and
our morals, the thing of Importance
Under such teachings we can see 1ner,
ana women suffer from hunger and
pass them by without concern. Even
little children will thus suffer without
attracting public notice. A little bow
was found under one of the bridges
in Chicago the other day starving.
Inc news found its way into the news
papers in a few lines. If the bridge
had burned down under which he was
dying 1t would have furnished q news
Item regarded as of much greater i'm.
portance. Thus we are in a commercial
age, where inventions, education. and
all forms of human skill and ingenuity
are made to promote the personal ends
OF men or combinations of men. Such
an age promotes selfishness in all
things. 1t follows that it is not only
lawful, but desirable to monopolize to
ones self property of any and all
kinds, no matter how unnecessary il
maybe in promoting the real comforts
or the person in possession. In al,
such instances it is held in utter disre
gard to the discomforture or wants OF
others. To own a farm which one.
with reasonable assistance, can till
and beautify, make grand and refined
with the work of genius, is the civiliza-
ton of humanity. To own thousands
of acres, as does Lord Scully in this,
state, inhabited by tenants whose labor
supports him in riotous living is a
law born of property interests and not
OF humanity.
1T is this era of selfishness that made.
1T possible for selfish men. wise in their
own interest, to demonetize silver and
increase the value of their holdings.
as measured in other peoples prop,
erty. And, as money is thing every
one must have, dealers in money have
thus been enabled to mortgage the pro-
ducers of the world to them, which by
its own self-operation will bring on a
crisis. If the people will act unselfsh-
ly intelligent in this crisis, we win
learn secrets in the science of civiIiza-.
ton. heretofore hidden from lis that