Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1895-08-03
WAGES AND PRODUCTS.
tsth Day OF tho Horr- Harvey Debate
Organized Labor Discussed.

WA1CO ANU PhODOC ..
,KEtth Day OF tho HOrr- Harvey Debate
Organized Labor Discussed.
! CHICAGO, July % The last day but
eae Of the llaryey-Horr silver oonten-
ton began Saturday afternoon. Mr..
3lDrr opened the days talk with a com
pprison of the wages and the cost of
pfoducts during the years from 1860 to
1870 as shown in table prepared by
ftatistician Carroll d. Wright. With
Wages and prices in 1860 taken
~, the index or 100, Il showed
in 1890 prices were %; wages
&a and the purchasing power
~ wages ~ Mr. Horr proceed
IA to argue that at no time in the
history of the nation was the country
as prosperous as it was at that time,
.ihSspite of the "crime of 1873" He
submitted that these statistics were
more applicable to the conditions
under discussion than those of Mr..
Sa,ierbeck, quoted by Mr.. Harvey on
Thursday as Mr.. Sauerbeck's figures
were made from prices in England.
Mr.. Harvey, IN turn, took up the
matter of ths prices of wheat for Sc
ries of years, in reply tc Mr.. lIorr's
statement on Thursday that the farmer
in gold as he had received before silver
was demonetized For answer he quoted
the prices from year toyear. MIR. Harvey
proceeded by saying that the proper
index of prices was to measure them
in articles of international uses. Tables
made up by gold men even, on these
articles, showed that they were lower
than in 1850. Referring to Mr.. Horr's
argument touching the measure of
value in human toll, Mr. Harvey quoted
from an article by Mr. Horr in paper
in reply to correspondent suggesting
the making of SO much work the
equivalent of dollar Mr., lIorr de-
clared the proposition absurd and con-
fusing.
Mr. Harvey denied Mr.. IIorrs asser-
tion that falling prices were the re-
suits of improved facilities. Mr.,
Harvey said: at is the supply pro-
dnccd and the demand for il tbaf rcru.
latcs the price of such products. Sup
pose a widow, owning farm, receives
tbo vol,nt,rv assistance of hor
neigbbors to raise and harvest
her wheat cron will her wheat no
worth anv less than the price fxed
bv the QUANTITY of wheat in existence
known to the traders and the cstimat.
cd demand for itp Ifall tbe corn crop
in the limited states were DESTROYED
excent tho cron in Iowa would tho
Iowa corn nricc bo governed bv the
cost of nroduction or The relative sun.
nlv and demand for cornp The cost. Of
tbe nrodpc, has notbip, to do With II
A man NAV produce an ounce of gold
fact that il cost him 10 cents does not
make it worth less than $40"
Mr. Horr: "Mr. Harvey is mvstified
because he takes it for granted that
the business of a country entirely de-
pends upon the amount per capita of
the circulating medium. lie insists
that if Won shrink that Won ruin the
business in the country. There
arc large number of men
who believe that doctrine. but no
more TRANSPARENT hunbur was ever
taught the people of this or any
other country. Money is plethora in
this country to-day. There are hun
dreds of millions of dollars living idle
simply because there is nobody to use
| it Did YOU know that? WHY, nv
friend, Harvey, and all of YOU men
who think that way as usual get the
cart before the horse. 1t is not
an abundance of money that
makes business active: il is
business that mal,es money active
in this world Of ours. And until
Won can comnrebcnd that point Broth
or Harvey Won will never understand
this financial oucstion at ALL The
| ratio of money To the population nroves
pothing What we need in the limited
States Is good wages for work, steady
emplovrnent for our men. and we have
rot money enouch to do twice the bus.
| iness ya are doinr
"Sneal,ing of ORGANIZED labor.n Mr..
Harvey said Organization sustains
WAGES for those actually emploved
while enearel at work, but when YOU
aver,re the wares bv including the
unemn,ovcd and include the expense
and time lost IT does not do so. Make
tbo c,l,pl,t;on this wav. and Won will
find that the gold basis has measured
itselfin wages with mathematical ac
curacy."
Speaking OF tenancy, Mr.. Harvey
| said. .s'r,vant,, million acreS Of and ir