Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1895-08-03

figures cited by Harvey were correct
they had tended to weaken his own ar
guments. He then referred to Mr.. Har-
vey's statement, which the latter had
said was based upon the authority of
Carroll D. Wright, commissioner of la
Dor, to the effect that there were be-
tween two and four million unem.
ployed in the country. In refutation
of these figures, he produced tele-
gram from Mr.. Wright expressly dis
claiming them.
The effect of this shot was spoiled
however, by Mr.. Harvey's explanation
that these were the only figures that
he had used in his book that had not
been verified and that Immediately af-
ter the appearance of the first edition
he had written to Mr.. Wright and upon
receipt of his reply, had erased the in
correct data from the stereotype plates
of the book.
After this temporary depression, the
silver champion expressed his obliga-
tion to every one who had assisted him
in the debate, from the Judge and
referee to his fair stenographer, and
then resumed the thread of his argu-
ment by producing a printed table
showing the amount of silver coined
annually from 1892 to 1878, for the pur-
pose of demonstrating the falsity of
the statement made by the monomet-
allists that for the first fifty years of
the present century the United States
was on silver basis and on a gold
basis from 1858 to 1878.
Mr.. Horr maintained his previous
statements that no nation alone can es-
tablish the old ratio of 16 to l, and he
did not believe that Mr.. Harvey thinks
any one nation can do 1t. Nations by
their laws do not find the value of
things. They cannot do it if they try.
The actual value of the two metals at
the present time is wide apart. The
ratio of 16 to is to-day thing of the
past. Always from the earliest founda-
tion of society the relative value be-
tween gold and silver has been fixed by
the people of the world and not by leg
| islation.
Mr. Harvey and 1 agree that the
free coinage of silver will decrease the
measure Of value used here in this
country. The burden of his whole talk
in this debate is that we ought to have
cheaper measure, that the unit is
worth too much
The debts of the day have all been
contracted with the gold dollar as the
measure and to relieve the payment of
them in any way by a trick! of this
kind is Reputation. "
Mr.. Harvey continued his quotations
from statistics in relation to the worlds
supply of gold and the bearing the arts
had toward it. The more costly either
! gold or silver becomes, he said, the
greater the demand among the rich for
it for use as ornaments. Where the
dearer is used exclusively for primary
money it is the one that is boarded.
When gold and silver We're used as
money in their own right, silver was
boarded by the plain people, and was
brought forth to save them in time of
need. Gold is principally boarded by
the rich to serve purpose in bulling
the moLey market.
Mr.. Horr accused Harvey of compar-
ing things that are not alike with
each other, and when a man does that,
he said, he is always in the wrong
'Now, there is no Disgusting the issue
between us. 1t is simply this: Can
we benefit the people of this republic
now by making dollar mean about
half as much as it now means?
Can we benefit them by making it
seem any considerable amount less
than it now is, by making it actually
less in value. We may disguise it as
much as we will, the free coinage of
silver on a ratio of 16 to means silver
monometallism."
Mr.. Harvey maintained that there
will be a commercial parity between
gold and silver at the ratio of 10 to l.,
if the law is passed putting both met
ais on an equal footing at that ratio.
What he meant by an equal footing is
that both shall have the right to enter
the mints to be coined into money with
1922 grains of pure gold to be dollar
and 3714 grains of pure silver to be a
dollar. The money made from both
metals to be full legal tender in the
payment of all debts, and the debtor
to have the right to pay in either metal
The supply of silver is limited
When great nation like this, whose
nominal capacity for the absorption of
money in the transaction of it's normal
business is not far from $4,000, 900, 900,
opens it's mints to silver it fixes the
price of silver the world over.
Mr.. Horr said to this: The govern
ment does not buy silver under free
coinage. 1t stamps it and hands it back
to the owner worth no more than when
he brought it to the mint.
What the government has done is
this; 1t has given to silver new use
and the use is what gives to it its value
Mr.. Horr closed the debate with an
eloquent peroration on the revival Of
business of the appeal of Cuba against
oppression, of the distressing situation
of the South American republics and
said: 1--WE are fighting the battle of
liberty for the world"
Disastrous storm.
BONNEVILLE, Mo-, July 31.-The worst
storm of wind and rain in the memory