The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-09-04
The GREET DEBaTE.
Silver and Gold Face
to Face.
A Historical Discussion
Read Both Sides.
NINTH DAY. MONDAY, JULY 90.

good money has always advanced CIVIL
cation, and there has never been too
much of it. SO / am justified in saying
there is an unlimited demand for money.
Il can state another fact that you will
recognize truth: AS the volume of
primary money increases business in
creases and the demand for more money
is created. / am justified in standing on
the position that the demand for money
is comparatively unlimited"
MIR. HORR ACCUSES MR.. HARVEY
Mr.. Horr-Before commencing where
] left off ! want to call the attention Of
the country to the fact that Brother Har-
vey is again a his old tricks. Since this
debate began he has only run onto one
thing that was anywhere near right in
the world, and that was an Englishman
in London. In his last remarks he had to
defame the women of the present day.
Mr.. Harvey-I did not sir!
Mr.. Horrible said in SO many words
that what the girls of the present day
needed was to be relieved from the pres
ent work of the world, that they were
crowdng themselves into it because they
had to live in order to become such wom-
en- as our mothers were.
Mr.. Harvey-Yes, that is right.
Mr.. Horr-I knew was right. daugh-
teri Yes. there is something wrong with
the girls of today.
say that 1 passed any implication upon
the womanhood Of this country. Gong
continued applause)
Mr.. Horr-Why, not bit of 1t.
Mr.. Harvey said that civilization
should be such that they would not be
required to burn out their lives upon the
selfish pyre your gold standard has con-
structed. (Applause)
Mr.. Horr-Now listen. He could not
help taking the view of it that he did
My view is an entierly different one. We
can't agree on anything, Harvey. 1
think that the fact that the girls Of Amer
lea have independence of character
enough to start out and take hold of new
enterprises, learn new business and go to
work and get bank accounts of their own
is to their credit and not to their shame
Applause) The bank account of a
young woman. representing money that
she has earned herself does her as
much good morally as poor preaching
Uaughter.) 1t develops her character
Another thing: There isn't any truth in
the Idea that the girls of today are not
just as good as our mothers were when
they were girls, and l repel as totally
false the whole idea that we are always
talking about-What wonderfully mar
velous beings our mothers were, and
what good-for-nothng, silly things the
girls nowadays are
Mr.. Harvey-Nor did 1 say that
Mr.. Horr-I want to say this for the
benefit of the girls of today-don't get
discouraged over this kind of talk
When you get to be old women Harvey's
crowd will still be telling what wonder
full creatures you were when you were
young and they will be going for the girls
of that day. daughter and APPLAUSE
But must go with the question.
Il have just stated that the people who
have deposits in the savings banks are
over 4,0OO,0O0.0OO, the deposits in those
institutions are 81, 712, 76O, O26 Every dol
lar of it put in from the hard toll of the
American people. in dollars wirth 100
cents all over the world. He proposes to
cut that amount in two-to send those
depositors off with half their money.
Building and loan associations have
1,745,725 depositors. representing $526, $751;
1856. Pay them off in cheap money all
though they all have put in gold dollars.
Loan and trust companies. There are
about 100000 depositors in them Life
insurance companies. The people of the
United States are struggling, many OF
them, to provide against death, to leave
little something for their wives and
their children. Do you know how many
of them have done it? 4,537 ,286. The
liability Of these companies is 1851. $780,
594. Cut that in two, not pay that
money at it's face? Bless them, will it,
to let them pay the widows and the
orphans off in cheap money?
CALLS 1T WHOLESALE REPUDIA-
TON.
why, I protest against the whole sys-
tenn, because it is wholesale population.
It is wholesale disregard of moral obliga>
tons In the business world. But to
these must be added other persons who
have deposited in the state and private
banks and have deposited gold dollars.
You would pay them off with cheaper
ones. You haven't any right to do it;
it is an outrage upon the people of this
nation. All, but wait. Every man and
woman in the United States who has
some money in his or her pocket, who
carries little about for rainy day, un-
less 1t is in gold you would cut the value
of their money and compel them to use
cheaper money where they did have good
money. And you tell me then that this
law is in the interest of the many, do
you? Why, it is in the interest of the
few. Such class legislation was never
before attempted in this country of ours.
MIR. HARVEY'S ANSWER.
Mr.. Harvey-Mr. Hort refers to life in
surance. There have been thousands of
men in this country wrecked financially
in the last 20 years by reason of their in
ability to keep up their payment Of prem>
iums (applause), and the insurance COM
panies, which are substantially money
lenders. have taken what those men had
paid as forfeits. The gold standard,
through the insurance company business
has inflicted a severe wound upon this
country.
"Mr Horn refers to repudiation-says
this Is reputation that we propose.
There is only one thing that in my mind,
Is more criminal than the act of 1873, and
that is for a man who tries to sustain
that crime to say that the men who in
tend to right it mean reputation. (Ap-
plause)
81 am much obliged to Mr.. Horr for
calling your attention to the small value
OF the total quantity of silver in the
United States. We claim the quantity
is small in the world and that the demand
will take IL all up. (Applause.) 1 did
think, however, that he showed his weak
ness in argument when he relied on a
'cackle for argument.
why does q great nation like the
United States fix the price of silver at a
ratio to gold when a nation like Mexico
can not do It? 1t is this. All the ma
lions Of the world are dealing with the
United States, most Of them largely.
When they can bring their silver here
and exchange 1t for our products and
wares they need get a fair exchange,
they are not going to part with their
silver anywhere else for less in exchange
for 1t than they can get here. We can
take all the silver they have in one year
and then go to work and raise and make
the same things over again and ask them
to come again. That is what we mean
by the United States fixing the price
IF silver. France did it for 20 years at
the ratio Of 15h to l, and it was on that
ratio exchanges were computed on sill
yer and gold in the London market. The
United States is larger and more influ-
entail than France was or is and is bet
ter situated to dominate the commerce
OF the world. (Applause)
THE ARGUMENT SUMMARIZED.
LET me make the matter plain if
So ID