New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-18
EIETEY AND LICGHLTN DEB1TE.

FREE AID lNpErENDENT COINAGE OF SILVER At
10 TO THE coNTEovERTED SUBJECT
Chicago May i7.-The much talked of debate on
the silver question between Professor j. Lawrence
Laughl!n. of the University ~ Chicago. and g. IL.
Harvey. author Of Coins Financial School, took
place tonight at the Illinois Club. The assembly
room was crowded. and many were turned away.
The audience was composed OF merchants. bankers
and professional men, The wording OF tue q"'S''o"
debated was follows;
Resolved That tie United States should at once
enter upon the free coinage OF SILVER AT tit r't.o
nation
The speakers were limited to one hour for their
main address Mr.. Harvey opening In the aihrih'-
tive. lie was also allowed thirty minutes to close
Mr. Harvcys argument VAS substantially d" 'o'-
lows:
The nrst reason why am in favor of independent
action by this country is that We shoud not pe syn .
lee,ed 10 The influences OF me to the
fin lncial policy Of Europe. then can DE REDUCED
to The .alnc condition by financial LEGISLATION as a
lists misty say: We admit bimeiiillsm would be
good. If We could get International biInetaliism III
other WORDS, they alr,e that there IS sQmetnlns
radically wrong but cam ~ are tied to me man,
Of n" case OF Gas ieeSii lion by which
robbed and The few 'nr'cnei by wnSh iie i ~ Va,
squeezed then 1t II one Of the institution Oh hu
ropean governments mat We a. nation OF Psopis'
republican IN form. should decl're our indepehn-
They say. we must have the same money that
My reply j.: The:bisgest ever did carry on win
the rest OF the word was when they had gold am
now Ell. %nr b,ances with Europe in coin except
on it, commercial value and by weight ,l i e,.n's
trade are se,leI with trade There is no such thing
silver IS now commodity to be measured IN
gold 1t is an object TO be sored and kieken i, ~
ss "n Kin, f. ioh.s none Ne would restore
To il tina, unlimited demand 1t enjoyed p-ior to
1913 Tina, would cause the value OF silver to rise
compared with gold. THIS Is what wr want W
would again make the standard SILVER dollar the
take less Tor II when he could have it coined az
pleasure into dollar. silver IL The people m9.ey.
wher The commercial ratio between the two metals
made II advisable To- change TIE iss"' d raI' ,s
They were IN angel IN weight and size. NO change
the silver unit We would make both legal-tender
n the payment Of az debts we w9H 10 isp.Si r;'
Ink contracts to be taken payable IN gold only
true knowledge OF bmetalsm and the simple
Alternate use ~ si,,er Win soa, which true 81
met@llism; would xiv A. 'ia'u,;iy t. or nrimaly
debtor The option u pay.ng N either metal Now
the creditor demands IN; dsarer metal, l,....
let have nothing more to 10 Win Mi 'l've.
land Nh Sherman ana such men. who have assisted
TO tie hands OF this grcl, Hston and deliver ~
word The bank Of the Ro,hschds In England g..
behind the tinted States Treasury They are
our financial agents and managers We are paying
them re prncely salary OF N'"cey FOR each sN
months az their valuable services We are now IN
only one way rcp.rnish oar Reserve stock Of god
That is 10 borrow h from those who have IT, That
means England. That t. what W. are doing. This
l. what having gold standard means. II Is "A
money that j. casly cornercd How are We TO pay
oar debt. 10 England KaHtor, silver the price %
al on. products viii advance and the la ance In
trade with England vii double IN our favor
Professor Iaughln began his argument by de
caring that Mi Harvey hal not touched on tn
question under discussion. he denied Mr. Harvey
statistics ana his statements u.s. Go the parity -
gold and silver ~ M The falling = Prices since
1879 he sail 'ls nos IIc TO "a h ~ money Their
t. no reason Why there should bc more none, u D.
n fact ihti haV" risfn ln gold since lsi3 an
thc purc hasns poWei ~ the waE'ct'net has doubled
Pass "a law fDr silver ana .DI Mould b. boarded
zei maud II woui giss the sanciion ~ the b.N-
eminent 10 cheating AMI approN' me plan ~ Next
oanlz.ng o.i finance Free coinage would cui on
the WoIkman's share 10y rice ~ prices unit ~
strikes he hat forced his ~hges ur proporinnaielN
and would adj tu social unrest ana disorder We
cannot believe that special interest led ~ mi lnr-
aires viii unch. KEEL 900 tt'lr plan ~ ssrff 'lrg
ine taxpayers orieI - heap up Purchase Of 81.
YER especially when ms IL done on ihr most fhia.
ciOus ~ economic grounds The IropDsal Tor re-
coinage II Grecnhacksm Fsiyanixed into No. Tn
der the cry for more money o." N'ici the pin-
q daring syndicate ~ mne-o~ners ana spsrulsi-
or. whp have pno..inheI the pcope ia certain
parts 81 The country"