The herald., 1895-07-18
Debate on Coin Becomes a Gem
eraI Engagement
AMENITIES OF THE SPEAKERS
Harvey Accused Of Being a Medieval
Financier
The Champion Of Silver Then Takes Up
the Cudgels for His Favorite
Metal
Associated Press Special Wire


Asel f. Hatch.)
CHICAGO, July 1.-THE Har-
vey-Horr meeting today devel-
oped into a general engagement, repre-
sentatives of Philadelphia, Kansas City,
Cleveland and elsewhere pitching into
the scrimmage after the two principals
had hacked each other up to the limit.
The.outsiders who ventured into the light
included 0. B. Gum, e. B. Starr and e.
+. Bliss.
The hostilities OF the day began by Mr..
Horr remarking in pointed manner that
Mr.. Harvey ''read an essay here yester-
day upon the condition of the world dur
ing the Fifteenth century, especially up
to the discovery of America in 1902. He
read that statement without its having
been called out at all by me. as mad not
attacked that part of his book. But he
made such an elaborate effort to show
the condition of things in the world from
400 to 1880, that l have taken little
pains to find out, if l could, whether
there is any truth in the represe ntat ION
that he makes, and l find that history
leaves him in as bad a condition in this
the statements in Coins Financial
School.
Continuing, Mr.. Horr quoted Profs.
Thorold Rogers, Hallam. Leber. Mal.hus,
Hyndman and others to show that the
lot of the millions in Europe rising
before 1892, and that of the feudal aristoc-
racy, with its tyranny. was crumbling to
fall,
Mr.. Horr said: 'Mr. Harvey and his
tree silver friends identify prosperity and
the progress OF man with the lot Of the
ieudal nobility OF Europe and not with
tnat of the toilers.
Rogers. as well as Hallam, speaks of
the gradual elevation of the people them
selves, as opposed to the small number of
rich and noble Later | shall show that
in his treatment of the present. as of the
past history, Mr.. Harvey stands as the
exponent of the rich and not of the toll
ers, whose welfare should first be consid.
cred by the Legislature of the state"
Mr.. Harvey replied: when volun-
teeled to explain the preface to the
School yesterday without waiting for
il to be attacked, because gold standard
charged that it was forgery. that no
such quotation as was there used was
ever made from the report OF any none
tary commission of any other official doc
umcnt, | read from the report of the
United States monetary commission for
1876, not fol the purpose of entering
into an argument on political economy
of the years 1400 to 1900, but simply to
show that all of my friends from New
York and elsewhere who had accused
me OF forgery were wrong. Now l am
not going to argue with Mr.. Horr that
the monetary commission did not know
what they were talking about. He shall
not get me at any point of this debate
to divert my mind from the regular
argument and logicai arrangement of
gether words that, would convince an un-
thinking working man that he was bet
ter off today by far than he was in 1872,
and VINO can convince "a farmer that he
is getting higher prices now than he was
in 1872. l would expect him to convince a
prices rose during the dark ages at the
very time they were falling and that
laboring men were faring we'll at the very
time when they were working as the serfs
Of the lords of Europe.
''Dr. Adam Smith, an able historian.
whose work l put into Mr.. Horr's hands
Yesterday. confirms all that there is in
that monetary commission. Page III
gives you the table OF the rise of prices
that contradicts everything that Mr..
Horr has said here.
Thus far we have considered two
questions, gold and silver, as the money
OF the Constitution and the unit of value
in our monetary system fixed by the
trainers OF the Constitution and that
which existed as our monetary system
thus far in eliminating the DOUBT that
has existed on these two points in the
minds OF the peOple-a doubt that has
been produced by misrepresentation
made by those advocating the gold stand
ard. A leading of the debate thus far
settles these two questions in favor of the
book We are discussing
Mr.. Horr--The matter we were talking
about when we closed last night was the
question whether the trainers of the bill
OF 1892 intended to estalDlsh two meas.
ures OF value. Mr.. Harvey criticized Judge
Vincent for having decided that case In
hislremarks yesterday, but very tamely
IN comparison with the statements which
he made about him in print soon after
ne made the decision: he even called him
dishonest in that criticism. Now, Judge
Vincent is reputable citizen, take it,
OF Chicago. Some private individuals
submitted a question to him ana he de-
cided it as he honestly believed was right,
and there is this popularity about tit
is right. (Laughter.) Here is what Judge
true that milled dollar, as it was then
current. was the starting point, and the
number of grains that composed gold
dollar was ascertained by dividing the
number of grains in the silver dollar oy
fifteen" But this does not.alter the fact
that the units were expressed in gold and
silver. On the contratry, it seems tu
show that both were made units of value.
The word unit was employed as the
equivalent OF dollar and the dollar was to
consist Of either one or two different
things, one of 24H grains of gold or
S7lN grains of silver, just as equal val
ues may be embodied in giving weights
Of any two given commodities such as
wheat or corn. A unit of value is the
unit in which the values are expressed.
The values. both .of gold and silver, are
expressed in the act of 1794. so, we have
two units of value. II both had not been
so expressed we could not have bimetall-
ISM.
M. Harvey-Yesterday at the close, ,af-
ter had noted as authority for silver be-
ing the unit;the utterances of Secretary
Gallatln. a decision by Chief Justice
Chase of the supreme court OF the United
States and other numerous authorities
including Roswell G.. Horr If New York,
Mr. Horr then admitted that the silver
doll was the unit of value and the rec
ord OF yesterday shows that. Now, I note
ms attempts to try to twist some ching
back into the discussion by which we are
to believe him as saying one thing yester-
Gay and something else today; leave
hlm to such fa,e as the readers OF this de-
bate think proper. (Applause.>
In his constant attempt to try to dis |
cuss bimetaliism, the relation Of silver
ana gold, and before we get to that which |
- IN the second chapter of the School.
&c o., is trying to mix the subject up.
when we get there we will see that |
neither MI. Horr nor Judge Vincent |
knows what bimstallism is, and many
e1lnts that he is now mixing will then |
cleared, and Mr.. Horr will be even a |