The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1895-08-09

me supreme court Of 1860 was under
the influence OF the Shareholders.
A test case would now probably result
in Dread Scott decision. do not care
10 express prejudice but in view Of the
events of the last two years / cannot
help believing that official despotism
has already set in and that most of our
public officials are now unconsciously
the willing servants the money
lending power. If a majority of the
supreme court are thus infected, as /
fear. it could not take the broad states
manshiJ like view Of this question re-
quired.
2. That the silver dollar was the unit
Of value in our coinage system fixed
by the act of 1892. Mr.. Horr admits
this. See pages SO and 81 fthe report.
8. That silver and gold both were
the measures of value Of all other prop
erty till 1873 and the debtor had
right to pay in either metal. See Mr..
Horr's answer to Mr.. Motsinger on page
100.
T. The act Of 1873 was surrep.iously
passed. After reading the debate Oh
this subject one will turn back to page
following language useI by Mr.. Horn
when introducing this topic: Il pro-
pose to show you during this discus
sion that no law has ever been passed
by the American congress which was
freer from faint, which was more care
tulIy eAdIUlHSu, anu WHICH was more
completely fully understood than the
law of 1873"
When one considers that the people
were deprived Of one half of their pri-
mary money without their knowledge
or consent in this, a republican form
Of government, one can better under
stand the unjust and immoral position
taken by the monometallists who have
since stubbornly refused to allow the
people to pass verdict upon this ques-
ton. What Garfield, Blaine and 9TH
ers said upon this subject will be found
In congressional records during the dis
cussicns to which my other references,
given in debate, will direct the reader.
A letter from ex-Attorney General
Pierpont under President Grant to Hon.
George Merrick, Denver, Colorado,
stating that General Grant told him
that he was deceived by the act of 1873
is in my possession and I will cause it
to be printed and get general circula-
ton.
5. That for all time of which we have
knowledge, gold and silver were treat
ed equally as money; both had right
to enter the mints in all countries
Of the world until 1916. when England
closed her mintS to silver, and 1874
when Germany, France and the Latin
onion followed. and until Elsewhere
the commercial values of the two metals
were substantially at a parity with the
legal ratio. That this condition made
by metals available for use as primary
money, ard the demand for primary
money was relieved by the volume of
both metals.
measured In gold alone, and are sub
stantially at the present time one half
what they would be under the bimetal-
lie system. Mr.. Horn frequently in de-
bate substantially makes this admis-
sion.
THAT there were s143 Ooo oOO in s;,,,er
coined at our minis prior to 1873, all Of
which coined prior to 1858 was primary
money, and since 1853 the silver dol
lars were primary and by virtue of the
right to be coined into primary money,
through the medium of the silver dol
lars, the whole volume of the silver sup
ply was behind our monetary supply
and eXerting Its influence az measure
of value and stood ready to be coined
and to share equally with gold the de-
mand for money. That all the silver
coined since Feb. IL, 1873, has been to-
ken money representing gold, and is
not exerting an influence as a measure
of values and is not performing the
functions of primary money.
81 believe those who read and care
fully digest the debate will conclude
that 1 have made good all the PROPOSE
tons set forth In my opening state
ment, and that Mr.. Hoor found no err
rors in Coins Financial School," ex-
Cepl tHe std teInent On page y, Wnere 1t
stated that the silver coined prior to
1873 was $l05. 1000 900 which we both
agree should read s143, OOO, 900. This is
not an error affecting the merits of the
book or the principle involved, and tc
have stated it a $143 .00O. 900 would have
been more to the interest of my cause
than stating 1t at $105. 100000.
Mr.. Horn stated that Jefferson did not
stop the coinage of silver dollars in
1906 and direct that all silver seeking
the minis be coined into so cent pieces
and less because of the scarcity O.
and he virtually receded from this
claim on page IA. The exportat ton OF
silver dollars should have also been
coupled by me with this statement in
the school. The reason for this eXpor.
tation was not. however, on account
of a premium on silver over gold, but
because our silver dollars circulated as
money in other ma tiOns, where theiI
familiarity with the dollar would cause
it to do so. whereas, they were not IA
miliar with our fractional coins and
thus the latter more readily stayed
with us.
Mr.. Horn said that when gold or sill
yer was the unit, the quantity in a dol
lar could not he worth either more OF
less than q dollar more or less than it.
self, and criticized my statement in tho
school that it could be worth more.
passed it at the time as 1 did many 9th
er things much that had no substan-
tial bearing on the subject under dis
cuSSion. l refer him now to recent
market quotations in New York, when
gold bullion was selling at a small pre-
MUM made by a gold syndicate to
prevent gold from seeking the minis.
also refer him to the silver unit gave
him. the old-coin dealers quotation.
which is 81.
Mr.. Horrs frequent references to
change in the ratio prior to the forma-
ton Of this government is answered by
this: That those changes were not to
make less money. but to make more
money. In no instance is 1t known
that silver was disturbed by increasing
the size Of the coins. These changes
were made in the gold coins and were
made to make more money. When
those changes were made in the legal
ratio. the commercial ratio soon con-
formed to the legal ratio.
If Mr.. Horn had followed me in the
logical argument of the debate as indi-
Gated by the book we were discussing,
l would have been enabled to furnish
data more fully justifying points in
the school attacked by him. And l had
so intended, but after the discussion Of
the crime OF 1873 he seemed to wholly
abandon the regular order of debate
and went to all parts OF the school. and
at one time went to another book l had
written, up to Date and hurled pro-
positions at me that were clearly out
of the regular order of the debate. This
required me to use words in the many
brief answers that 1 made to him. I
did SO because 1 did not want his state
ments to go wholly unanswered at the
time and risk later an opportunity to
answer him fully. I would, however,