New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-18
PRICE THREE CENTS
SILVER DEBATE PROCEEDS.
NDHARVEY KEEP 1T Up
SECOND ENCOUNTER BETWEEN THE
FINANCIAL GLADIArORs.
AUTHORITIES TO PROVE THE FALsrrY OF "corrgs
STATEMENTS CITED BY MR.. HoRR-HIs or.
PoNENT DENoUNCEs THE CRIME" OF
1873 AND SAYS JOHN SHERMAN WAS
THE ARCH -cONsPIRATOR - A
LIVELY CROSsFIRE OF
QUESTIONS EvOKHs
GREAT APPLAUSE.

QUESTIONS EyoKBs
GREAT APPLAUSE.
Copyright 1895. by Azrl 4. Hatch.)
Chicago, July 1.-THE second session Of the
Horr- Harvey silver debate began at 2 o'clock
in the auditorium Of the Illinois Club before
the same limited audience. Mr. Horr began
by quoting Hallams Middle Ages" as authority
to prove the faacy Of Mr. Harvey's state
ments in his book regarding the degeneracy Of
the world commercially IN the fifteenth century
a result Of the depreciation Of silver. He
cited from Professor James f. Thorold Rogers
to refute the statements made by Mr.. Harvey
from his book that the price Of wheat had fallen
in that period. and that the lot Of the tong
masses became more miserable with the passage
from eighth to the fifteenth century, as charged
by Mr. Harvey. Leber. Malthus and Hyndman
were also cited in he contradiction Of the silver
champions fifteenth century statements.
Mr.. Harvey replied that he volunteered to ex-
plain the preface to nis book because gold
standard papers all the country and his
friends from New-York and elsewhere had de-
clared that it was a forgery and he did not in
tend to argue with Mr. Horr that the Monetary
Commission. from the report Of which the quo
tatior made, did not know what 1t was
talking about. He declined to havekhi4 mind
diverted from the regular argument and logi-
cal arrangement OF the debate. He declared
that the debate far had settled the question
to what was the r?oney OF the Constitution
and what was the unit Of value as fixed by the
trainers of the Constitution. in favor OF his
book. The keynote which he wanted to sound
was that there was nc good reason for debastng
OF the metals when gold and silver had
been honest money fcf centuries, when under
free-coinage laws and equal treatment both had
equal purchasing power in their own right. and
when population and the demand on the money
market were growing every year.
COINS" ARGUMENTS REFUTED.
Mr. Horr to "clinch this business" which he de-
clared his opponent had introduced, read from
Professor George Gunton's Wealth and Prog
ress" to show that there was rise instead Of .
fall in the price of wheat in the fifteenth century
and a corresponding increase in the early part OF
the sixteenth century. The prices he quoted per
quarter showed that wheat had been steadily ad-
vancing instead Of falling. as claimed by his oppo-
nent He resented Mr.. Harveys severe criticism
OF Judge Vincent for deciding in his remarks yes
terday the question whether the trainers OF the
bill OF 1892 intended to establish two measures OF
value. He had noticed that when men got bitten
with either the fat-money craze or the freesilver
craze they instantly became egothstical and abu-
sive OF every one who differed with them. Judge
Vincent had decided the question as submitted to
him by individuals he honestly believed was
right and 1t was right but Mr.. Harvey had called
him dishonest Mr.. Horr read from letter OF
Mr.. Leach, for many years Director OF the Mint,
who took precisely the same view-that the claim
that the silver dollar the unit OF value was
inconsistent With the bimetsliic system. This de-
cision was exactly in accordance with the facoH
The laws authorized a goid-dollar unit and
sllver-doar unit. different from each other IN In.
trinsic value. That the reason the law OF
1873 was proposed.
ACCUSATIONS AGAINST MR.. HoRR
Mr. Harvey replying. declared that Mr. Hor
had admitted yesterday that the silver dollar
was the unit Of value and the record showed IL.
Now ne attempted to twist something back INTO
the discussion b. which he was to be believed
saying one thing yesterday and something else
to-day. MIR Horr was accused OF trying u niiA
things by discussing bmetallism and the rela-
ton Of silver and gold. which were In the second
chapter OF the book. He asserted that neither
Mr. Horr nor Judge Vincent knew any more OK
bmetallism than a babe. He accused his op-
moment of tray Cling on sidetracks and neglect
ing 10 follow the agreed order OF discussion.
He then introduced a discussion OF the demons
tization Of silver and the crime OF 1919. ne
accused Senator Sherman OF being the arch
conspirator and the European fnanciers his ac-
completes.
MR. HORR SETS THE BALL ROLLING
In opening the discussion to-day, Mr.. Hor
spoke as follows.
fcopyrght 1895. by .4.st 3 HatchJ
Gentlemen: In opening the discussion today !
desire to call attention 10 the TACT mar M Nr nai
ton Of the world during the af,eensh century. ,iS
especially T up TO ,ns Without its having been
called out at all by me- as raae hsd sush nI an eIaSo
rate EFFORT to show the condition OF things In The
world from 100 TO 1880 that haSe 'aSen aSers hry ane
ruth in the representations that he makes and
ind that history leaves him In as pad e9ndit'o1
II the 'nis saemens rsseTa ah in CONS @ Financa school
Msew HnrYey makes one
comparison. He quotes the report OF ser senator aod
rf,hs M srte' to destruction @ in s2 was ~ Ls, The
Middle Ages volume page @ in .,TSs, note says; SAYS
M Leber calculates the power OF SILVER uhoer
veS % Une IT fell ins to
"srsse ane on prices tS aarns he
eenth centuries six to The price sns ..
doubled and the value Of silver decreased to one;
half. according to iiallam and this ren9wneji
rensh h sia,eman sm.hGrsh Witch Mr Harvey makes without
citing leading historian or economist OF s'a-
Let US turn to another authority one accepted by
the TG5d gye the poca and his
iorlan. who defends from history the claims ,.9s 9s
wrter shows the true history is an exhibit OF the
condition OF the toiling masses He tells us, MS
osl "a 400 the price OF wheat per quarter averaged
shillngs lCa pence and in the next i4o years ave-
nsea m tbc rs; inpsr psrod 80 shnss 81 oher
average and in the latter lH sniiSgs sg,,,a. -.
Illustrations can be given for other commodities"
Here in England slight rise only IN prices iroW
iaeo 70 l5,O but still rise where Mr. Harvey as
serts fall more marked advance occurred IN
the wears 1900 l54o: years unintuenced by the Sill
yer treasures OF America. which Adam Snitn says
did not affect prices in England before lc'o
THE PURCHASING POWER OF WAGES
But something besides the selling condition OF
wheat and lead should be taken into account
We must ask after the toilins millions who alone
make the State Did their lot become more miser-
able with the passage from the eighth to the fif-
teenth century as charged by Mr. Harvey? Let
Professor Rogers speak upon this subject. In
agriculture and Prices" he says: The fifteenth
the golden age OF the artisan and the laborer."
In the Economic Interpretation OF History" page
a. Rogers says. In speaking OF the statute OF la.
borers OF 1895. 1T is considering the cheapness OF
the times. exceedingly liberal At no time In Eng