The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-08-07
Roswell q. Horr,s statement.

Chicago, Aug s.-Following Is the sum-
ming of the Horr- Harvey debate made by
the principals themselves;
Roswell O.. Horr's Statement.
The object Of this debate was to de-
termne il il would be wise for our ma
iion 70 throw open It's mints 10 the fres
coinage of silver at the ratio Of Is to !.
when the civilized nations of the world
refuse TO join in such action. My opPo-
nent proposed to prove that such COURSE
is advisable. and undertook TO do IL in
the lines laid down in CONS Financial
School" / denied the adyisahility OF
such action. and attacked the teachings
OF that hook from the title page to its
close. The debate is finished. and how
does the case stand7
Mr Harvey admits that the book Is rurs
| fiction. He repudiates its motto by de-
claring that it does not mean what Il
says His statement that primary money
only is the measure Of value he has not
even attempted to sustain. though hts
proof has been called for repeatedly. His
statement that the people of the fif-
teenth and sixteenth centuries We're lin
the most degraded condition of serf-
dom and slavery on account of the lack
OF metallic money. has been completely
demolished He based his whole argti-
ment on tho proposition that the silver
dollar was IN I7es made the only unit or
measure Of value, j have shown conclu-
sively that our forefathers attempted fo
establish hi-mctallism and provided for
two units of value. ono or gold and ono
Of silver, always naming gold arst. and
that up 10 1854 the silver standard alone
was used. That after that the gold
standard came into use. and that since
then the silver dollar has never for n
iay been used as the measure of value In
the United States. No nation has ever
succeeded in actually using two stand
ards at the Same time.
Mr. Harvey next based his case upon the
assumption that the act OF 1873 was a
crime and stated that II had It's origin in
fraud and its birth through bribery and
corruption. lie placed himself upon four
propositions TO prove his case.
First-He claimed that the congress of
the United States was purchased. that ths
passage of the bill was procured by tho
money capitalists OF this and other ma
tions.
Second-He stated that the hill passed
both houses all right and was changed by
some clerk in its enrolment He next
claimed that il was not changed by
clerk. but that the dirty work was done IN
conference committee. lie then showed
that mono of his other statements Is
true, hut that the work was done by tne
| massage of substitute bill" He intro
duced no evidence In support or either
proposition. and hc stands convicted OF
making every one of these charges with
out any proof that would be recognized ~
any ordinary court OF justice. IL the CON
Eress OF the United States was bribed To
pass a bad hill then the bill must have
first passed I'm bad shane. Now II that 10
true then there would he no need of "a
clerk 10 do the dirty work. II 1t was done
by the enrolling clerk. then IL follows that
congreas PASSED the bill as IL ought to havo
been. and consequently they could not
have done what they were bribed 10 do.
Again. if congress passed the bill all righf
Issrpr gIG
". then the bribery could apply only TO
tho members of tho conference committee.
All these villainies are then abandoned
when he claims that the whole thing was
accomplished by means Of substitute
bill " lie introduced no evidence IN SUP
port of any Of these positions. Thus he
stands convicted by his own statements
of an effort 10 deceive the people. ! sub
nit that such conflicting allegations deni-
onatrate bavond n question that Mr.. Har-
vey has attempted 70 sustain his position
in regard 10 the law OF 1873 by pure fiction.
and without calling to his aid n single es-
tahIished fact 1t is conclusive that IL he
had proof of anv of his four propositions
he would never have introduced tho other
three II Is useless. then. TO waste more
words on the matter. which Is manifcstiy
so absurd
AFR IIarvev's statement that free coin
age creates unlimited demand" Is not
! true. because there can he an unllmitnd
| assertion that the option Of the debtor to
nav I'm either metal causes The cheaper
/ metal TO be used Is true. But such option
| does not restore its relative commercial
/ value on the contrary, u drives ne dear
metal out OF use just as IT has done in
Mexico and other countries, where tho
1 cheaper metal Is today the sole currency
and IL Increased in value not one iota.
/ The other doctrine of Mr.. Harvey IN
/ that by the free coinage Of silver In this
/ country ca the old ratio of ~ 20 the old
frgca Of silver as compared with gold VIII
I h, restored II II will restore the value ~
/ silver ft will not increase prices. lie pro-
noses To raise prices by diminishing the
/ vaIua OF the unit vita which prices are
! measured Both results cannot follow.
Nr. Harvey fails entirely 10 prove that
! ffta uga Of one metal As tho measure ~
/ y-alus fs an expcrirnent. History proves
/ that tho use of n single standard ~ tho
only means BY which both metals can bs
kept IN circulation. II is the only way tn
secure q stable measure OF value ana -
L rnaintsjn practical hi-met1ljinrn. IL 10
based on scientific principles, and whcr-
1 ever attempts have been made 10 1se both
rho CHEAPER has always driven the dearcr
/ out ~ circulation. which has resulted In
I practical mono -n1c taiiiFrn, always leaving
/ tie cheaper metal only In use. The polf
/ unit is not responsible for the fan m
| prices. The prices OF labor and property
| when taken together have not declined. II
| ss not true that tie fan ia prices. whra
/ brought about by natural cltses, benents
( only the money lender. Such chcapen'nE
/ Of products benefits all who consums
/ what they do not produce. Dir. Harv~y
utterly falls 20 show a fall in the price OF
a single article which Is not fully account.
Cd for by cheaper cost of production. I'm
rroved transportation. or increased sup
/ MY lie bases his contention on the 60
/ sumption that gold has appreciated AZ
/ gold measures the value OF commodities.
wages and land. 20 wages. lands ana COM
Fnodiiies measure the value Of gold. COM
rnodiues have fallen 8 per cent; wages
have Increased s. per cent. and lands
/ have Increased - per cent. IN value since
f.ga when Mr.. Harvey contends we were
{ on a bi-metaiiis basis.
/ These facts utterly auuihtiate the claim
! that gold has appreciated During fhs
/ discussion Mr. Harvey cited Roman his-
tory with It's many evils. But he mad
( vertrgtfy makes m admission as 10 the
great vaiue of banking facilities which
( refllfes All other assertions against such
evstofns kfter portrayiug the lad conft-
tfom existing in tho Roman empire. he
SAYS. ''It is signiiicsut eotuciaepcs
that the great eiimmcr of light only CANA
f WITH the invention ~ bills - exchanges
and paner substitutes through which shs
scanty stock - previous metals was Ia
/ creased in eageiency.' lie sald that IN