The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-07-27


broken. the gap growing wider all the
time With silver discarded as II IL now
wei must so 10 the men who own the
gold TO ret II and submit to their terms. A
corner on gold could not as Il does now.
threaten the credit OF thls nation II silver was
IN competition with gold ms primary money
IN we used tho 10000 900 OF siIvcrnow In the
treasury there would be NO borrowing OF gold.
Mr. Horr--Mr. Harvey ON Monday called at
tcntion TO the great increase OF farm tenancy
In tho United States since 1890 making that
one OF the points OF his book TO prove that the
country 10 going 70 the dogs IL Is
from his point OF Wow. but not from
mine. He calls this increase evil
and call IL good Mr.. Harvey sees IN ten
ancy. as IL n in the United States the rising
OF men BY hundreds OF thousands. from low 20
high condition He calls that a national
calamity. Is its ! do not so regard a. II
you would show tho people that this
expense OF farm owners you would have
made point. but that Is not the truth IN
doubtedly ia Massachusetts, men have left
their lands In the hands OF tenants, but they
have gone 20 the west. They make up the
best people In the western country. Persons
who have graduated from the farms OF New
England have helped 70 build up this great
country OF ours In the west They are the
sinews OF this nation.
Mr. Harvey--By tho rules OF this debate Mr.
Horr had no right to 90 10 that tenant subject
now. Its logical place In the debate IL else
where. The statement he has Just made 1
promise 10 show at the proper time will APP
pear plainly unfair and inconsistent with tho
facts. Primary money Is the measure OF
values Gold (our present primary money! In
now the measure OF values Mr.. Horr and
agree as TO that Silver and gold working to-
gcther, virtually as one metal. were formerly
the measure OF values.
Mr.. Horr says In the Weekly New York
Tribune OF June 10 (the paper Is here, Mr.
Horn paper money Is worth only the value
OF the money In which II is redeemed" And
Mr.. Horr Is right do not mean 70 say that
paper money cannot DO made primary money.
as we may see later, but IL does not become
the measure OF values when only representing
primary money. TO DO measure OF value it
must represent itself only.
Mr.. Horr--Any business man will only need
10 look at the table OF production OF silver and
gold since 1873 to be able TO ascertain that
the law operates In reference TO silver
as we'll as In reference TO every other
commodity, Silver does not represent to-
day the same amount OF labor. OF work.
that II represented In 1874 II Is cheaper bo-
cause the demand and the supply are In such
relations 10 each other that IL makes Il cheap
er. Just as wheat has been cheaper. and for
the same reason Mr. Harvey is mistaken
Prices are not governed or controlled by
the amount OF primary money in any coun-
try or In the whole world so far as
know. Why, when we passed the law Of 1873
there was at that time only about si35. 00o.o 900
OF gold In the country--ali the primary money
we had II his doctrine is true prices should
have been doubled instantly. II your doc
trine Is true every product In this country
should have been reduced In price by this
cheapcning OF silver