The herald., 1895-07-28
Horr and Harvey Are Still Hard
at II
SILVER MAN HAS THE FLOOR
He Makes q Dig at the Pullman
People
The Windy War viii Conclude Tomorrow
but ls to Be Submitted on
Briefs
Associated Press special Wire.

CHICAGO, July 27.-The last day but
one of the Harvey Horr silver conten-
ton began this afternoon. Horr opened
with comparison of wages and the cost
of productions from 1860 to 1890. as shown
in reports prepared by Statiistcian Carroll
Dwight. With wages and prices in 1850
taken as an index, for 1850, 1t showed tnas
in 1890 prices were 92. wages 159 and pur-
chasing power wages i72. Hoar proceeded
to argue that at no time in the history OF
the nation was tho country as prosperous
as it was at that time. despite tho crime
of 1873, He submitted that these statist-
tics were applicable to the conditions un-
der discussion.
Harvey took up the prices of wheat TOR
a series OF years in reply to Horr's state
ment on Thursday that the farmer re-
ceived rs much for his products in gold
as he received before the silver demone-
tization. He quoted prices from year to
year. He declared that the guments OF
Horr were those used of old to bulwark tyr
ranny. The declartion OF independence
was the answer to such arguments. The
proper index of prices was to measure
them in articles. Tables made up by gold
men, even on these2 articles. showed that
they were lower than in 1850. Referring
to Horr's argument touching the measure
of value in human toll, Harvey quoted
from articles by Horr in New York. Mr..
Harvey said This debate is coming to
a close virtually today. because on Mon
day l shall speak exclusively upon the in
dependent action of the United States" "
Mr.. Harvey denied Mr.. Horr's asser-
ton that falling prices were the results
of improved facilities. Mr.. Harvey said
it is simply produce and the de-
mand for it that regulates the price OF
such products. Suppose widow owning
farm receives the voluntary assistance
of her neighbors to raise and harvest her
wheat crop. Will her wheat be worth any
less than the price fixed by the quantity
of wheat in existence known to the trad
ers and the estimated demand for it? IT
all the corn crop in the United States
were destroyed except the crop in Iowa,
would the price be governed by the cost
of production or the relative supply and
demand for corn? The cost of production
has nothing to do with it. A nan may
produce an ounce OF gold for 10 cents that
is worth 500. The fact that it cost him
10 cents should not make it worth less
than $50. -.--..-
Mr.. Harvey is mystified because he
takes it for granted that the business of
the country entirely depends on the
amount per capita of the circulating me-
dium. He insists that if yon ruin the
business in the country. There are
large number OF men who believe that
doctrine, bat no more transparent hum
bug was ever taught the people Of this or
any otller country. Money is a plethora
in this country today. There are hun
dreds of millions of dollars lying idle SIM
ply because there is nobody to use it.
Did you know that? Why my friend
Harvey and all you men who talk that
way, as usual, get the cart before the
horse. 1t is not an abundance of money
that makes business active. 1t is busi-
ness that makes money active in this
world of -(applause)-and until you
can comprehend that point, Brother Har-
vey, you will never understand this financial
uestion at all. Uaughter.) Mr.. Horr
explained that the sufficiency or lack Of
banking facilities had much to do with
the questions of the necessity for large or
5 mall per capita circulation. This coun-
try has a per capita of $26.2. Canada has
SO per capita, but Canada has an elegant
banking system-no better on the face of
the earth than the Canadian system
of banks. Switzerland, one OF the
most prosperous little nations on the fact
OF this globe. has only $14.4S.
The ratio OF money to the population
proves nothing. What we need in the
United States is good wages for work,
steady employment for our men and We
have got money enough to do twice the
business we are doing. (Applause).
Mr.. Harvey-At the conclusion OF this
debate Mr.. Horr and have 2500 words each
at our disposal to write at our leisure
within seven days after the debate. to
sum up the debate and anything in Mr..
Horr's arguments that | do not reply to
today will attend to in that summary.
because there is only short time left to
us, aud | want to answer some matters
that have been introduced into this de-
bate at the earliest stages. l wanted to
speak few moments on the proposition