The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-07-23
IT is AND IT ISN'T.
Horn and Harvey Keep Denying
Eachother's Statements.
Contended Yesterday Over the
Yardstick and Dollar.
WON'T LET HIM Do 1T.
Harvey Won't Allow Horn to
Pose as Laborer's Friend.
WON'T LET HIM Do 1T.


written ARGUMENT touching the impos-
sibility of maintaining a fixed ratio be-
tween gold and silver As the result Of
experience all the civilized nations of
the globe had discarded silver as
standard money. It was useless to ex-
plot long tables of ratios to show whether
double standard could be maintained.
The world had pronounced against sill
YER
BIZ. Harvey said he had been called on
T. By letters and kilograms TO give state
menis by Blaine, Ingalls, and others con-
corning the characterization act He said
that the words at his disposal in the de-
bate would not admit OF It.
Taking up Mr. Horr's eulogy by Sena-
tor Morrill, delivered on Saturday, he
charged the senator erred in saying that
no silver dollar had been coined for forty
wears prior to 1873 Mr.. Harvey read
from the report of the director of the
mint, showing that silver dollars IN
greater or less amounts had been coined
nearly every year. The fact was that
Mr.. Morrill, was bank stakeholder, with
bank stock holders prejudices- De
called on Sir. Horr to explain
Mr. Horr said that Mr.. Morrill, had not
meant to say that not dollar had been
coined, but that none to speak of had
been. 1t could almost be said that Mr.
Morrill, had made mistake. Mr. Harvey.
in his book, had made a mistake, bad
one, in stating the amount of silver
which had been coined during the life OF
the government.
Mr.. Horn declared that the insinuation
that because Mr. Morrill, was an owner of
bank stock he was not to be believed was
too contemplate for consideration.
Mr.. Harvey said that in raising the
point of the coinage of silver prior 10
1873 he wanted to establish fact in
history which had been obscured by
false statements that such coinage had
not taken place. He wanted to make
this answer in the presence of gold
men Mr.. Harvey said he did not mean
to reflect on any mans integrity be-
cause he was a bank stockhOlder. He
merely wanted to show that men were
swerved in their expressions of facts
by their interests. Mr.. Harvey then
defined scientific bimetalllsm to be the
free coinage of both gold and silver at
an assumed ratio; change in the size of
the gold dollar whenever parity between
the gold and silver coins should require;
the option to both individuals and the
government to pay in the cheaper metals.
He held that in these conditions silver
would not depreciate, because there
would be an unlimited demand and no
man would sell his bullion below the
price at which he could have il coined.
Dir. Harvey submitted table to show
that from 1897 to 1873 the commercial
ratio had remained remarkably close to
the legal ratio, notwithstanding the de-
monetization of it by England and
other of the great nations of the old
world.
Mr. Horr said that this matter of ratio
had Ia f0 4 vsyIr h1(
ton. The fact was that all of the civil
lied nations of the world refused to
recognize silver except at its bullion
value. For US to attempt flee coinage
alone was another matter.
Mr.. Horr then took up the proposition
of Nr. Harvey's book, that making the
dollar of one half the present value would
double everything in the United States
except debts. Mr. Horn pronounced this
absurd, saying we might as well say thai
if we cut our yard sticks in two it would
double the amount of cloth in the coun
try he said Mr.. Harvey seemed to be
stuck on" sweet "16 to II In his book
he proposed to keep metal at parity by
reducing the amount of gold in the
gold dollar. Carried TO its legitimate
results it wonld become 16 to y or Sc
to1.
Referring to the cutting of the yarG
stick in two. Mr.. Harvey said that the
gold men had doubled the yard stick il
1878. He asked whether if half the golC
were destroyed. the value of the golC
dollar would not be doubled.
MIR. Horn shook his head
Mr.. Harvey said he would illustrate
in another way which the farmer:
would understand. If half the whea
crop in the United States wer
destroyed would not the price Of whea
on the Chicago board of trade b
doubled?
In demonetiziug silver in. 1878. tn
golden yard stick had been doubled
The friends of silver were merely askin,
for the restoration of the measure d
readmitting silver to coinage.
Dir. Horr in reply to the charge tina
the demonstration of silver cut the unit
in two, said if that were true price
would have dropped so per cent Tn
fact was they did not The DESTRUCTION
of half of the wheat crop would raise tn
wheat four fold. The demonstration O
silver did not destroy it Mr. Horr sal
Dir. Harvey did not care for ratio. Wins
he wanted was cheap dollar and tn
cheapening of the smoluments of labor
That was the most prosperous country i
which its workingmen were beat paid.
Dir. Harvey said that a dear dollar an
cheap dollar were comparative term
to be measured by mans circumstance
If gold dollar were worth more than
silver dollar some more costly substanc
might be found with which to make do
lars. He said he did not propose t
allow Dir. Horr to pose as the friend {
the laboring man. The gold men ha
thrown acme four millions of workine
men out of employment and had M
some of them into prison, because the
objected TO having their wages decrease,
Mr.. Harvey promised at the proper tim
to show the logical relation of the COL
basis to the workingmSn.
Mr. Horr said it was in 1879 that
resumed specie payment and the onl
money of final redemption was gol,
He asked: WAS distress abroad in m
land then? The fact is that tbo 80,