New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-20
THE DEBATE THUS FAR.

Three days OF tne ltOrr-ifuTNey ucp"" INV
over, and some review Of 1t may assist read
crs. In his opening statements on the nrst
day Mr.. Horn declared for bimetnllism through
International agreement. gold for larger anu
silver for smaller trades. while MT. Harvey =
twelve points covered the assertions or his DOCK
"coIn." He alleged that the scarcity OF coin
caused the Dark Ages. Mr. Horn then demanded
the meaning Of the words primary money, the
net phrase Of "Con' which Mr.. Harvey had
defined as primary or redemption money and
showed IL was false 10 declare that the meas
IRE Of values as grcenbacks were the meas
ur. Of values in 1S62'70 Mr.. Horn also showed
TINT good money did not need to be legal
fender. and then entered upon the history or
financial legislation showing that the first stand
ard in 11SJ was copper. 200 halfcents making
,hc dollar. This Mr.. Harvey thought trivial,
quoting the Constitution afterward adopted
making gold and silver only a legal tender. Mr..
uorr answered that the act Of 1885 originated
n system Of money. thing never before known,
and became the basis Of subsequent laws
On the second day Mr.. Horn took up the nssor-
ton about The Dark Ages, quoting Hallnm ana
Thorold Rogers 10 prove that the purchasing
power ~ coin fell from 400 10 1910 and that
tbe fifteenth and early sixteenth centuries were
the golden age Of the tOiling millions. Mr.. liar
ycy insisted that Adam Smith knew better. and
went on To assert that gold and silver were the
money Of the Constitution. Mr.. Horr quoted
proofs that the actual failure Of two units OF
value 10 circulate together was the reason Tor
the net ~ 1873. Mr.. Harvey repeated at length
his assertions that silver was dcmonctizcd In
1873 by a conspiracy originated In London. ana
carried out by Senator Sherman. Mr. Ilorr
compclled him 10 admit his mistake In saying
that sl05. 100000 II American coined silver was
in circulation prior TO 1873 and he then proceed
ed with his assertions about the conspiracy
Mr.. Horr quoted official records showing that
no issue ~ silver dollars was made from 1903 to
1876. because their bullion value being greater
than their face value. they were purchased Tor
export" and iha, this was the difficulty met
by dropping the coinage OF silver In 1879. Again
Mr. Harvey reiterated the assertion that the
trcaclcrous conspiracy originated in London
The third day Mr.. Horr showed how the act
II 1873 was first drawn up by Mint ana Treas
ury experts In 1870. citing the elaborate report
that the silver dollar halfJlme and ihrce-cent
piece were dispensed with. that gold became
Tho standard money and silver subsidiary
Mr. Harvey talked II the frauds ~ VicePrcsi-
dent Colfax Secretary Be,nap AMI the era OF
corruption nj that period. Mr.. Horn answered
that The aiicmp, 10 smlrch the Congress. ana
make The people believe II as rule corrupt, was
Infamous and had nothing TO do with the qucs-
ton whether The nc, Of 1879 was openly and
s,iuarcly passed.
lie went on g. quote The official reports show
INK why silver went ont ~ HE country so that
tv, standards ~ value could not exist: how the
bill went 10 M. committee In 1870. was unani-
mously reported In December. 1870. and passed
hv the Senate In January 1871. In answer Mr..
Harvey went on Ia tell ~ the corruption OF n
clerk regarding very different bill. and assert
81 that the standard silver dollar was frnudu-
lcniv omitted from the bin after Il had passed.
both houses Mr. IIurr showed the progress ~
the bill In January 1872. and how II was r'-
ported AMI explained by Mr.. Hooper and that II
would have been lmposslbly absurd 10 authorize,
rs Mr. Harvey asserted. free coinage OF the
dollar II 314 grains then contemplated. In re-
turn Mr.. Harvey entered upon the crime OF Sec
rotary Bclknnp. and asserted that only small
proportion ~ corrupiioulsts are ever arragncl.
Mr. IIorr replied with the indignant oubnrst
quoted yc.ienlay. declaring the effort 10 bcfoul
Representatives ~ the people He against hui
'uanity"