The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1895-08-15
HORR AND HARVEY.
SUMMARIZES OF THE RECENT SILL
YER DEBATE,

Zach of the Participants Reviews
the Discussion Which Was Car
ried ON for Ten Days, and Gives
His Ideas of the Result.
Chicago, Aug.s.-Followlng Is the sum-
ming up Of the Horr-Harvey debate made
by the principals themselves: The sum
mary by Roswell G. Horr is rs follows:
The object of this debate was to de-
termine If 1t would be wise for our nation
to throw open it's minis to the free coinage
OF silver at the ratio of 16 to ! when the
civilized nations Of the world refuse to join |
in such action. My opponent proposed to |
Prove that such course Is advisable, and
undertook to do 1t on the lines laid down
in Coins Financial! School, l denied the
ACCESSIBILITY Of such action, and attacked
the teachings of that book from the title
page to it's close. The debate Is finished,
and how does the case stand?
Mr.. Harvey admits that the book Is pure
fiction. He repudiatcs its motto by dcclar-
Ing that it does Tot mean what 1t says.
His statement that primary money only Is
the measure of value he has not even at
tempted to sustain, though his proof has
been called for repeatedly. His statement
that the people of the fifteenth and six
tenth centuries were in the most ''de-
graded condition of serfdom and slavery
on account of the lack of metallic money
has been completely demolished.
He based his whole argument on the
proposition that the silver dollar was in
1892 made the only unit measure of val
ue. have shown conclusively that our
forefatbers attempted to established bimet-
allism and provided for two units of value,
one of gold and one of silver, always NAM
Ing gold first, and that up to 1884 the sill
yer standard alone was used. That after
that the gold standard came into use, and
that since that the silver dollar has never
for day been used as the measure of val
ues in the United States. No nation has
ever succeeded in actually using two stand
ards at the same time
The Law of '73.
Mr. Harvey next based his case upon the
assumption that the law of 1878 was
crime, and stated that it had its origin in
fraud and it's birth through bribery and
corruption. He planted himself upon four
propositions to prove his case:
First. he claimed that the congress of
the United States was purchased; that the
passage Of the bill was procured by the
money of capitalists of this and other na-
tons. Secondly, he stated that the bill
passed both houses all right, and was
changed by some clerk in its enrolment.
He next claimed that it was not changed
by clerk. but that the dirty work was
done in conference committee.
He then showed that none Of his other
statements were true, but that the work
was done by passing q "Substltute DILL
He introduced no evidence in support OF
either proposition, and he stands convicted
of making every one of those charges with
out any proof that would be received In
any ordinary court of justice. II the
congress Of the United States was brlbed
to pass a bad BILL then the bill must have
first nAssed in bad shape. Now, if that be
true. then there would be no need of
clerk to aid to do the dirty work IT 1t was
done by the enrolling clerk, then 1t follows
that congress passed the bill as it ought
to have been, and consequently they could
not have done what he says they were
bribed to do. Again, if congress passed
the bill all right and the enrolling clerk
enrolled it correctly, then the bribery could
apply only to the members Of the confer
epce committee.
Production of Gold.
Mr.. Harvey quotes the European geologist
- suess to show that the world can produce
only about as much g"ld as is required TOT
consumption each year outside of coinage
He conceals the fact that Suess wrote his
essay several years ago, and that the pro
duction and coinage Of gold in the last
three years proves absolutely that Suess
was entirely wrong. The facts are tina
during the last three years the world mas
produced S47O,0OOO0O of gold, and durin!
those three years it has coined exclusive o
recoinage, over $3s0,OOO,OO0. Mr.. Harve!
should have known these facts. Why die
he quote Suess when he should have know
that the actual facts proved the statement
of Suess to be false?
Mr.. Harvey endeavOred to prove decreas
Ing wages in the United States since 1915
He introduced only statement in sup
port Of his position; that was the evidenc
of single man for one trade in the cit.
of Omaha. On the other hand, to prov
that they are advancing, I introduced tn
investigation of the United States commits
sioner of labor, and Mulhall, who show tina
the average annual wages in manufacturin
industries have risen from $2SS In 1910
$500 for each person in 1880.
Unable to produce any table Of wage
That shows a fall since 1870, Mr.. Harye
in the latter part of his debate tries
show the falsity of my position that in fl,
ing the original measure of value huma
toll was largely taken into calculation. Di
he succeed? No.
American Indebtedness.
Mr.. Harvey gave the foreign indebted
ness of this country as more than thrt
tilnes the real amount. Fte has been r.
peatedy called upon to tell when aud ho
that vast sum reached u.s. No such emo
NOUS amount could have come without SON
record Of the transaction. He has uttcrl
failed to account for the arrival Of tn
vast sum; which is a confession that h
statement Is groundless and only used
misrepresent the condition of this countr
His entire table Of debts is composed Of
doubling up of real debts, and is a sland
on the actual condition Of the America
people.
Mr.. Harvey virtually admits that the a
ton which he proposes will put this matte
on a silver basis and drive gold out Of tn
country. His statement that the gold dc
lar should be cut down until its value
no more than the commercial value Of tt
silver in the standard dollar, Is a compile
admission Of this point. Hence I have
right to assume that his plan contemplat
such a result.
l showed conclusively that this won
work injury to seventeen million peop
who work fol- wages. I also showed tn
the injury would extend 10 ell pensionel
savings and other bank depositors and Il
holders Of Insurance policies. aggregate
twelve million OF people, ana to every pc
son In the United States who has any mon
except gold coin. What was Mr.. Harvey
reply to disprove my statement? Not o
word. On the contrary, he has shown tn
benefits will come to no people except s
yer mine owners and insolvent debtors.
RI hn 80 FL, n,o,,1>