The herald., 1895-07-23

prosperity OF the country from 1873 to
1895 The word tramp" was coined in
1873. and the Uniteo States census shows
that depression has been increasing at
dispro portionate ratio; so has the num-
her of penitentiary convicts, persons con-
fined in almshouses, insane asylums and
of suicides. The prosperity that has
built up millionaires and multi million
aires and strewed this country with mill.
ions of tramps ana paupers and men that
do not know how they are gong to pro-
vide for their families in the coming
year. (Appause.) change in relative
production had no effect as long as the
1nints were open to the coinage OF the
two metals. (Applause.)
Mr.. Horr--l have never said that the
cheap price of silver was on account of
its overproductio1 Silver has become
cheap in this world just precisely the
same as wheat and iron and zine and
lead and other articles have cheapened.
Just precisely for the same reason. Gap
plause.) All these articles have been
cheapened by the natural laws which
govern the production of every substance
known to the producers of the world.
Mr.. W. d. Wilcox of Chicago-How
about gold?
MIR. Horr-Gold the same. 1 am glad
YOU asked me. Gold deprecated in value
in less than 100 years 80 per cent. 1t is
cheaper now than it was in 1878. All ar
ticles that can be produced by inventions
are cheaper than they were before the in
vention was made. Every manner which
brings machinery into play and puts less
human to | into their production cheap
ems .he article. The whole trend of CIV
ilization is to cheaper human products,
gold as well as silver and wheat. large
mum Der of the articles today produced i'll
the world have not been decreased in
value at all by the demonetization OF sill
yer, but simply because the laws of pro-
duction have crowded down the price. |
can get nearly twice as much gold for a
days work following the plow as | did
in 1864. The people in this country are
paid III gold for their work; so they
higher paid in gold for the same amount
OF work than in 1860. II as not gold de-
preciated then when you measure il with
the great Commodity of human toll?
What L find fault with IS that the silver
men invariably leave out of their calcula.
tion this article of labor, and the article |
OF labor is the greatest article known in |
the civilized world. Cut down the pay of |
la Dor and you paIaly2e the entire business |
of any nation. The men who do the |
work, especially in republic like ours,
are the men who consume.
:: Mr.. Harvey-Mr. Horr says that every |
thing has cheapened. including gold. 10 |
say thatlgold and produce cheapen stimuli |
is a fiat contradiction. You |
buy gold by exchanging other products |
for ii. When 1t takes more property to |
buy gold than form merly, gold has risen. |
Instead OF becoaing cheaper. gold has /
become dearer. and yet Mr.. Horr's soph-
istry reasons that il has become cheaper. |
He says to the laboring man: You can |
buy more with a gold dollar than you
ever could, - and then turns to you and |
says that gold is growing cheaper all the
time.
This ended the debate for the day and |
questions were submitted from the audi
ance. The session adjourned until 10 a.
m. tomorrow.
MANSFIELD. o., July 22.-In the
Harvey Horr debate at Chicago Saturday |
Horr said that there was a provision in |
the act of 1873 for 36l grain dollar,
worth five francs. which was afterwards
struck out in the senate before the bill
was passed. Mr.. Harvey denied that IL
was struck out in the senate. and saiC I,
that if 1t were SO he would stop the d
bate right there.
In an interview today Senator Sherma.
stated that this provision was adedd tc
The bill after it passed the house at the
nstigation of the citizens of California
who produced both gold and silver. bul
hat it was struck out when the bill was
reached the senate. Mr.. Sherman also
disputes number of Mr.. Harvey.