The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1895-08-01

quoted had resulted either from short crops 81
or In the Increased demand brought about q
by finding new use for It, Mr., Harvey said
the banks should go out of the government
business instead of the government going
ont Of the banking business. Let the banks
be banks OF deposit and discount and not
makers of money. They are making IT now i
with bank credit. and you are paying them
interest for 1t. This argument that con1l-
dence and not money is all that is wanted,
II made by the greenbacker, would be ridi-
culed by these same men, Confidence wont
buy anything; 1t will get a man In debt to
a banker, that Is ALL You might as well
talk about doing without air and water as
to talk about doing without money. There
= Is no condition Of civilization that you can
Imagine by which you can be a part Of that
civilization and yet do without money
(Applause.) And yet by the legislation In
1873 it has been enhanced in exchangeable
value with your property. That is the
crucial point in this financial discussion.
(Applause) A man loaning money in 1872
that 1000 bushels Of wheat would have
paid, you must now give 1000 bushels or
wheat to pay that debt. (Applauseo The
men who own bonds payable IN money ana
securities payable In money aggregating
more than ull the assessed values Of the
property in the United States, have legis-
lated so as to enhance the value Of their
property until you have got to give up
twice as much to them when they come to
when you so with your hard earnings, with
the product Of your loom and your field, to
buy their property. =.
CrOss-Fire of Words.
Mr. Horr: "Now want to call the at
tentlon of my friend to the fact that he
| can't get at how farmers are doing SIM
/ ply by selecting one article which hap
! pens to be cheap" t'1--,i'
| Mr.. Harvey: 81 want to ask you right
1@f~~ >I~ as
| argument made just before 1 sat down."
| Mr.. Horr: II am going to do it If you
| will wait and keep still. That is what I
am up here for now Qaughter). The very
| last thing he said was in reference to the
| fact that a farmer had 20 give twice as
much wheat to pay his debt as he did be-
| fore the decentralization Of silver. What
| ails you? That is the very thing I am
| speaking about. Now I was stating that
| you can't possibly find out the facts in ref
erence to the farmer simply by taking one
! article, and that the lowest one you can
| find. Now, I will call your attention to a
| confirmation Of the figures which l have
heretofore given. Those figures show that
prices for farm products, all taken together.
! you know, have not declined. Here in the
United States. comparing the present
| values to those Of twenty years ago, I
| find my confirmation in an analysis of ma
| tonal wealth by the great statistical au-
thority. Mr.. Mulhall, SO often quoted by
Mr.. Harvey In the June North American
Review, Mr.. Mulhal says that the aver
age yearly accumulation of the agricultural
workers., per capita, of the United States,
was for the decade, 1861 to 1870, S17oO
EACH.
4 Mr.. Harvey-s'Will you pardon me"
/ Mr.. Horr-"Don't bother me. For the de-
cade 1870 to 1880, $47.1O per capita; and for
the decade 1881 to 1890, $47.5O per capita.
Here is an ability on the part of the farm
1 ers of this country to save in the last cen
sus decade nearly three times as great as
in the decade before. the silver legislation
Of 1871
Mr.. Harvey-"Did not you have that writ
ten before you left New York? He says
we have increased in wealth. Nobody dis
putes that. The United States has not only
:, been Il workshop in producing wealth, but
it has been sweat shop (applause) 1t has
II been producing wealth, but have the men
who produced that wealth got the wealth:
The rich men are controlling the legislation
:. of America and the old world, and there
is no plan by which European civilization
!, can rise from under it, and when we have
| passed four or eight years turther along
there will be no way for US to rise from un
: der it. We are making in the United States
! to-day the last stand of free men in thu
~ civilization of the world"
|, The answering of questions occupied
| | much of the remainder Of the day, the
| DEBATE unally De1nS duJOuiheu iI ALL
| Horr's request till Saturday at l p. m
Not Talking for Money.
Because of some reports which have gon
out regarding the Haryey-Horr silver oe
: bate. Judge Henry G.. Miller, who is one o
: the Judges Of the debate, has given out tn
following:
v s.Chicago, July 16.-I am about to ente
into debate with Mr.. Horr of New 9or
, on the financial subject, which is to b
l printed in book form and from Wh!ch' as o.
:, the business arrangements connected there
with, am to receive profits from the sal
- thereof I do not wish these profits my
self, but do desire that they be USED III III
cause 1 represent, where money is niue
! | needed; therefore, hereby assign all profit
: that l may receive from the sale OF sal
. book to Judge Henry G. Miller of Chicag
n and W. ]. Cheney of Philadelphia as trus
\ tees, whose duty it will be to to require
4 accounting of me, and upon receipt OF III
o money to spend the same in the interest O
y the establishment of silver and III tn
y educational campaign which IS celng mao
for that purpose. I reserve the right t
substitute new trustees in case either Q
both of said gentlemen should refuse or b
disabled to act. w. H. Harvey
, Chicago, July 27.-The last day but on
of the HarVey-HOrr silver contention peSa
/ Mr. HORT opened the days talk with
. comparison of the wages and the cost c
r products during the years from 1850 to Isl
l as shown in a table prepared by Stati
tician Carroll d. Wright. With wages an
3 prices in 1860 taken as the index, or Ion
: it showed that in 1850 the prices were 8:
wages 100, and the purchasing power {
: wages 172. Mr.. Horr proceeded to argu
1 | that at no time in the history of the ratio
e was the country so prosperous rs it wa
: at that time in spite of the "crime
t | 1873" He submitted that the statistic
f We're more applicable TO the conditions III
Y der discussion than those Of Mr.. Sauerbec
= quoted by Mr.. Harvey on Thursday, as NJ
!. Sauerbecks figures were made from price
g in England. H. ...-
e Mr.. Harvey in turn took up the matte
y of the prices Of wheat for series of year
s in reply to Mr.. Horrs statement of Thur
); day that the farmer had received as muo
l. for his produce in gold as he had receive
i when silver was demonet zed. For answt
t he quoted the prices from year to yea
=, He declared that the arguments of NJ
II Horn were those which had Been II sed
d | all time to buwark tyranny. The deciar
e ton of independence was the proper anSw
e to such arguments. Mr.. Harvey proceedt
t. by saying that the proper index of prize
Hrr1c f<N a., >f