The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1895-07-23

THE HoRK-HARvEY DEBATE.
The Contestants Still Hammering at An
Client History.


The Contestants Still Hammering at An
Client History.
CHICAGO, July % The Horr Harvey
silver debate was resumed at the I'LL
nois Club rooms this afternoon. There
was fair attendance. Mr.. Horr
opened the dispute with q written argu-
mens touching the impossibility of
maintaining . fixed ratio between gold
and silver; As the result of experience
all the civilized nations Of the globe
had discarded silver az o standard
money. Il WAS useless to exploit long
tables OF ratios to show whether .
double standard could be maintained,
The world pronounced against the sill
yer.
M. Harvey said he had been called
Oh by letters and kilograms to give
statements by Blaine, Ingalls, and
others concerning the characterization
act. He said the works at his disposi-
tion would not admit OF it. Taking up
Mr. Horr's eulogy of Senator Morrill,
delivered on Saturday he charged shat
Senator Morrill, erred in saying that no
silver dollars had been coined for forty
years prior to 1873 Mr.. Harvey read
then report OF the director of tho mint
showing that silver dollars In greater or
less amounts had been coined nearly
every year. The fac. was that ME-.
Morrill, was bank stockholder with
bank stockholders prejudice. He called
on Mr.. Horr to explain.
Mr.. Horr said that Mr.. Morrill, had
not meant to say that not a dollar had
been coined, but that none to speak OF
had. At most it would be said that Mr..
Morrill, had made a mistake. Mr.. Her-
vey in his book had made mistake and
bad one, IL stating the amount OF sill
yer which had been coined during the
life Of the government.
Mr.. Harvey then defined scientific BIZ
metallism to be the free coinage OF both
gold and silver at an assumed ratio; q
change In the size OF the gold dollar,
whenever the parity between the gold
and silver coins should require IL; the
option to both individuals and the gov
ernment TO pay in the cheaper money
He submitted q table to show that from
1887 up 10 1873 the commercial ratio had
| remained remarkably close 20 the legal
ratio, notwithstanding the demonetiza-
tion of 1t by England and another of the
great nations of the world.
br. Horr said this matter Of ratio has
little or nothing to do with the ques-
ton. The fact was that all civilized
nations Of the world refused to recog-
nizs silver and would only receive Ii at
Its bullion value, measuring in gold
Hr. Horr then took up the proposition
OF Mr.. Harveys book that making the
dollar one-half the present value would
| double the value of everything In the
United States except debts. Mr.. Horr
pronounced this absurd, saying we
might as we'll say that if we cut our
yardsticks in two II would double the
amount Of clothing In the country. He
was asked whether, II half the gold in
the world were destroyed the value of
the gold dollar would not be dou bled.
Mr.. Horr shook his head.
Mr.. Harvey then said he would illus.
trate 1t in another way which the
farmers would understand. If half the
wheat crop in the United States were
destroyed would not the price Of wheat
on theChicago board Of trade be doubled?
The friends OF silver were merely ask
Ing for the restoras ion of the measure
by re-admitting silver to coinage.
Mr.. Horr said 1t WAS in 1879 that we
resumed specie payment and the oaly
money OF final redemption was gold.
Tho years OF 1879 to 1892 found our peo-
pie better employed and at better
wages than In any other same number
OF years since this governments was
formed (applause) After some further
sparring the debate closed for the day