The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-07-28
THE DEBATE CLOSED.
"Coin' to Speak Monday on In
dependent American Action.
HARVEY TELLS LAW OF PRICES.
He Comedies That the Cost OF Every
thing but silver Ia Regulated "
the supply and Demand.

wages and cost OF proCuC-ol iEo@H As'I
10 1910, as shown in table prepared oy
E4at.st4clan Carroll D. Wright WIN
wages and prices In lseo takeT. as an IN
sex or 100. Il showed that in isa2 prscss
we're 20 wages 15e, and the purchasing
uoger OF wages liz Horr proceeded 20 ar
e-ue that az no time In the history o. the
nation was the country as pros porous IS
II vas al that time. in spite Of the crime
% 1g7g, He submitted that these s1atls-
.tes xsre more applicable 20 the con1i-
lions under discussion than those OF S1f.
ga,,eroeck. quoted ~ Harvey THURSDAY.
Mr.. Saaerbeck's figures we're made On
prices in England
Harvey In turn took up the prices OF
wheat for a series OF years, In reply 10
Horr's statement Thursday that a farmer
received as much for his produce IN go4d
a. he received before silver was oemons-
tlzed. For answer ne quoted prices IRON
year To wear He declared that the arg
rnents OF Horr we're those USED an al
time as the DulwaTk of tyranny. lie
Declaration of Independence was proper
answer 70 such arguments. The proper
sndAx Of rrices was 10 measure them In
articles Of International use. Tables made
an nv gold men even on these articles
showed that they were lower than IN 1917.
Referring TO Horr's argument toucnlng
the measure of the value OF human toii'
Harvey quoted from an article Dy Hofr
in a New York paper IN reply 70 cor
resnonde7f who suggested making 20
ynI,oh work the equivalent Of the dollar
Horr declared the proposition absurd ana
Mr. Harvey said: This debate is COM
ing TO a close virtually today, because on
Monday / shall speak exclusively upon
the independent action or the Ch't@d
States"
Mr.. Harvey denied Mr.. Horr's assertion
g. txveq "
nroyed facilities Mr.. Harvey said II Is
The supply produced and the demand Tor
il that regulates the price OF sucn pro-
ducts Suppose widow owning farm
receives the voluntary assistance OF her
nelghbors to raise and harvest her wheat
crop. VIII her wheat be worth any less
tshan the price fixed by the quantity or
wheat In existence known to the traders
and the estimated demand for it IL all
the corn crop In the United States were
destroyed except the crop in Iowa, would
the price be governed By the cost OF pro-
duotlon or the relative supply and demand
for corn? The cost of production has
nothing TO do with IL. A man may pro-
duce an ounce of gold for 10 cents. that IS
worth $40. The fact that II cost him 10
cents does not make IL worth less than 30.
Mr.. Horr-Mr. Harvey is mystihed be-
cause he takes IL for granted that the
business of the country entirely depends
latIng medium. He insists that II you
shrink that you ruin the business in the
country There are n large number OF
men who believe that doctrine, but no
more transparent humbug was ever
taught the people of this country or any
other country. Money Is a plethora in
this country TO-DAY. There are hundreds
of millions of dollars lying idle simply
because there Is nobody 10 use II. Did
YOU know thai? Why. my friend Har-
yey and all You men who talk that way,
as usual. get the cart before the horse.
II is not an abundance OF money that
makes business active: 1t Is business that
makes money active In this world OF ours.
fApplause). And until you can compre-
bend that point. Brother Harvey. you
will never understand this financial ques-
ton at all. U4aughter).
Mr.. Horr explained that the sufficiency
or lack Of sufficiency OF bankins> facilities
had much 20 do with the question OF the
necessity Of large or small per capita
circulation. This country has per capita
OF Saf02 Canada has $40 per capita, but
Canada has an elegant banking system.
no better on the face of the earth than
the Canadian System of utilizing banks.
Switzerland one OF the most prosperous
ilttle nations on the face OF this globe. has
only si4.4S The ratio OF money TO the
population proves nothing. What We
for work. steady employment for our men.
and We have got money enough 20 do
twice the business we are doing. Zap
plause)
Mr.. Harvey-At the conclusion Of this
debate Air. Horr and I have 900 words
each at our disposal TO write at our ieis-
ura within seven days after the debate
10 sum up the debate and anything IN
Mr.. Horr's arguments that i do not re-
ply to today l VIII attend 20 in that sum-
mary because there Is only a short time
left 10 us and want 20 answer some mat
ters that have been introduced into this
debate at the earlier stages. l want 10
speak few moments on the proposition
that wages have increased.
Speaking of organized labor Mr. Har-
vey said: Organizations sustain wages
for those actually employed while en-
gagged al work, but when YOU average
wages by including the unemployed and
include the expense and time lost IL does
not do SO. Make the calculation this wav
and you viii find the gold basis has meas
ured itself In wages with mathematical
accuracy. This condition is not healthy:
u does no good for the country: II breeds
strife: II creates loss TO the Industry and
labor. IL destroys manhood. II makes
criminals. The cause for Il should be re-
moved. tApplause) The labor organlza-
lions VIII continue. and have a right to
continue as long as money Is organized;
as long as monopolies are organized. IAN
plause1 But we should have civilization
that would make II unnecessary for any
organization OF that character 10 ex-
Est In Europe wages have been forced
down TO tho legitimate level OF
the god standard. The hayonet has been
usct 20 do II Later e viii 90 Il here
The interest Of The labor.nE man IS on our
side. We Viii hold his wages u0 vithou.
strikes Or expenses OF strikes The gold
az California and Australia raised hts
wages: So VIII the silver % our mount
aims as & pours into our y0cta1lfr money
stock - primary money. raise his wae>s.
There will be work for all. and che strife
for labor VIII tease The man who p nv
has work o. a situation and selnshiy rea-
ecus that Re benefits himseg ny malutat IL
ing dear dollar - neither broad nor
humane. Tie IS assisting IN wreCking his
country. and e may ia too late II r. ~
edy fne error when ne, too IS without
employment tApp9Ausel
Mr.. Harvey asked n people we're not
deceived about wages beinE Increased
Referring 20 the reported - Per cent al
vance IN wages a. Pullman affecting 4o1o
men conceded ~ the company without de-
fraua BY the totlers Mr. Harvey said re
-acts are that there has heen no al
vance made - wages az Pullman. ard
tNat Mr. Pullman himself admits that
tNe~e was no advance made and what
:hav meant was That they had given r,ea
+Nat were a. work about - par cent
-.a-e work 20 DO rcey had previously
bean working only half dime fApnlause1
Soeakfus- - tenancy. Mr.. Harvey salt
Twenty usflton acrps ~ land iu the
yrnaed states today ~ owned BY English
utled mobility and the English Lard ten
sncy has % tlst extent been already in
49,, ftr4,4 krs. n fAfs country In +hR v-af =