The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1895-08-02

man wages, and Only the Selfish
Favor Dear Dolla-It Was
Harvoy's Day,
Chicago, July 27.--The last day but
one OF The HarVcy-Horr silver conten-
ton began this afternoon.
1lOrr opened with a comparison of
wages and cost of production from 1860
To ls9O, as shown in table prepared by
Slatistician Carroll -. Wright. With
wages and I Ices in 1860 taken as a
basis or NV, lie showed that in 1890
prices were ~, wages lJY, and the pur-
chasing power OF wages ~. Horr pro-
ccedcu to argue tENt 90 no time IN the
history of the Nation was IL nearly as
prosperous as 1t was at this time in
spite Of the crime of 49," lie submit
Hled that his statistics were nOre appli-
cable TO the conditions unuer discussion
than those of Mir. Sauerbeck, quoted
Ivy Harvey on Thursday. MI. Sauer-
beck figures were maze ON the prices
OF England
Harvey in turn took up the prices Of
wheat Tor series of years, in reply to
liOrrS statement on thursday, that
the farmer received as much FOR his
produce in gold as he received before
silver was demOnetiZed For answer
he quoted the prices from year TO year
lie declared the arguments of Iiorr
were those used in all time to bulwark
tyranny. The Declaration of Independ-
t4Ce was Il proper answer to such ar
humenis. Z he proper index of prices
WAS to measure them in articles of in
teluatiOnal uses. Tables made up by
the gold men, even on these articles,
showed that they were lower than in
1850
referring to Horr's argument touch
ing the measure of value in human
toll. Harvey quoted from an article by
llorr in New York paper. in reply to
Il. ~ Trln
ing so much work the equivalent OF
dollar, Horr declared the proposition
absurd. and confusing.
HORR ABUSIVE.
Mr.. Horn said that MIR. Harvey had
only quoted a brief extract or ms, ana
ulu not give the sense OF the article.
he correspondent replied that he dld
not want gold or silver money, but
merely paper, based on nothing. II
was only another form of the social
istic craze, and Mr.. Harvey would
come to that in the end. HIS disease
had not reached its worst stage. 1t
would come to socialism and anarch-
ism in the end.
Mr.. HarVey's friends In the audience
broke cut in dissent at this statement,
ana Mr.. Harvey declared that not a
word hI had uttered would justify 1t.
MIR. Horr declared that the only APP
plause which his opponent had secured
from his friends in the audience was
when he denounced large part of the
people of the country as scoundrels,
ana asserted that the country was go
ing to the dogs
Mir. Horr then took up the question
OF BANKS, which Mr.. Harvey, on u
former occasion, had denounced. He
admitted that there were corrupt BANK
ers, but the business of banking as
carried on was the outgrowth OF civil
lzauon, and banks We're a blessing
4 hey made it possible for gold collar
TO 90 twenty times as much as II couid
90 otherwise. lie had seen ll9,O0OOOO
OF business settled in three hours in
the New lork clearing house. and less
! man per cent was done IN money, II
n Ii5Iu Deem NECESSARY TO count all THIS
money, it would have taken an army
OF men and many long days OF work.
PER CAPITA AND FAILURES.
Mr.. Harvey, replying, presented a
table OF figures, showing the failures
In the country for series OF years He
sulnted out that during the war, when
the circulating medium amounted to
az per capita, failures had been re-
Guced to q minimum. AS the circulat-
ing medium decreased, failures in
creased. The Nation owed IL TO itself
10 get rid OF this great amount of bank
credit and substitute money Tor 1t. The
interest OF the millions Of debts TO the
DunKs were the equivalent OF the
amount OF the annual failures.
Mr.. Harvey then proceeded to quote
figures as to the number and mileage
UI railroads in the hams OF receivers;
the comparative increase of tenant
farmers over owning farmers In 1890
and over 1850, as shown by the census
returns, and the great percentage OF
nomeNeepers who are renters, not own
erS.
Mr. Horn said that he would admit
thai the quantity OF gold in the world
lad not Increased as 1ast as the busI-
ness of the world but IL was not neceS-
sary one hundred dollars would now
40 more than $1,000 would formerly.
NineLy-nVe per cent of the business
IVES done without the use OF gold, eX-
cept as a STANDARD of measure. lie IL
lLslrGted the case by citing stream
on which there was an old-fashioned
mil. Lei other modern mills be con-
alructed along TINS stream and by
l.Aing the same water the output would
he Vastly increased.
Mr. Harvey, replying, made another
application of the comparison or the
stroam TO money Suppose, he said,
tlIt nails had been built along the
stream, and its machinery adapted to
It, Then suppose That suddenly one
half Of the flow of that stream would
De cut Off, how would 1t AFFECT the
mills? Suppose, again, that certain
l.,rsons should divert the water Of this
stream, store it in great reservoirs and
charge the mills a toll Tor its use?
That would be a parallel case to that
of the relation Of the people and the
banks at present.
SUICIDES AND CRIME.
Err Harvey, resuming his statistics,
cave hgures showing the number OF
AOmiciGes in the United States from
1852 to 1881 the number of suicides, the
number of convicts in prison, etc He
uttriputea these to the decreased wages
and the Increasing value of money. tie
4 hE Cd hA-
cause they indicated national dis
.sse; a disease threatening the life Of
The Republic. II was necessary to hon
Cstly diagnose the disease in order to
Apply lAe remedy All Republics had
fallen from the same causes When
they reached a point where the control
of the nece, saries Of life fell into the
hands Of selfish men, u monarchy HAD
become logical ana necessary.
Mr. Horn said that the panic of 1893,
whose effects Mr.. Harvey had dilated
on, was chiefly due TO a fear on the
part of the people of this country of a