The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1895-08-09
END OF DEBATE.
Harvey Deprecates the Greed Of
Human Kind.
BOTH METALS MEASURES OF VALUE.
Harvey Sees in the Settlement of the Cur
rency the Beginning of a New Civ
nizatfon--Ho1r's Rejoinder--
Harvey's Last Word.

made by the principals themselves:
Summary by Roswell G. Horn: The oh
lect or this debate was to determine
II it would be wise for our nation to
throw open its minis to the free coin
age OF silver at the ratio of 16 ID l " zen
the civilized nations of the world re-
fuse to Join in such action. My oppo-
nent proposed to prove that such course
Is advisable and undertook to do it
on the lines laid down in Coins FL
nancial School,"
I denied the advisability of such &C
tion and attacked the teachings of that
beck from the title page to the close.
The debate is finished, and how does
the case stand?
Mr.. Harvey admits that the book is
pure fiction. He repudiates it's motto
by declaringthat it does not mean what
1t says. His statement that primary
money only is the measure of value
ne mas not even attempted to sustain
though his proof has been called for
repeatedly.
His statement that the people of the
In the most degraded condition of
serfdom and slavery on account OF the
lack OF metallic money has been COM
pletely demolished
He based his whole argument on the
proposition that the silver dollar was
in 1892 made the only unit or measure
OF value. l have shown concluSively
that our fore. fathers attempted to
establish bimetallism and provided for
two units of value one of gold and one
of silver, always naming gold first. and
that up to 1884 the silver standard
alone was used; that after that the
gold standard came into use, and that
since that the silver dollar has never
Tor day been used as the measure of
values in the United States.
NO nation has ever succeeded in act
ually using two standards at the same
time.
Mr. Horya,, nax+ b..oa 1T. 49,.
upon the assumption that The law of
1873 was crime and stated that it had
Its origin in fraud and it's birth was
through corruption and bribery. lie
placed himself upon four propositions
TO prove his case:
First, he claimed that the congress
OF the United States was purchased;
that the passage of the bill was pro-
cured by the money of capitalists Of
this and other nations. Secondly, he
stated that the bill passed both houses
all right and was changed by some
clerk In its enrolment. He next claim
ed that it was not changed by a clerk
but that the dirty work was done in
conference committee. He then show
ed that none of his other statements
are but that the work wasdore bypass
ing substitute BILL
He introduced no evidence IN support
of either proposition and he stands con-
Victed of making everyone of these
charges without any proof that would
be received in any ordinary court of
justice.
If the congress Of the United States
was bribed to pass a bad bill, then the
bill must have first passed in bad shape
Now II that be true then there would
be no need of a clerk to do the dirty
work. If 1t was done by the enrolling
clerk, then 1t follows that congress
passed the bill as it ought to have been
and consequently they could not have
done what he says they were bribed to
al loo IN,
all right and the enrolling clerk en-
rolled it correctly then the bribery
could apply only to the members of the
conference committee.
All these villainies are then aban-
doned when he claims that the whole
thing was accomplished by means of Q
substitute BILL
He introduced no evidence in support
stands convicted by his own statement
of an effort to deceive the people.
l submit that each conflicting allie
cations demonstrate beyond a ques-
ton that Mr.. Harvey has attempted
to sustain his position in regard to
the law of 1878 by pure fiction without
calling to his aid a single established
fact. 1t is conclusive that If he had
proof of any one of his four PROPOSE
lions he never would have introduced
the other three. 1t is useless, then, to
spend more words upon a matter which
is manifestly so absurd.
Mr.. Harvey's statement that free
coinage creates unlimited demand is
not true because there can be an I'M
limited demand for no human produc-
ton.
His assertion that the option Of the
debtor to pay in either metal causes
the cheaper metal to be used iStrue
But option does not restore its rela tive
commercial value. On the contrary il
drives the dear metal out of use, Just
as it has done in Mexico and other coun-
tries where the cheapermetal is today
the sole currency and is increased in
value not one iota.
The other doctrine of Mr.. Harvey is
that by the free coinage of silver in this
country upon the old ratio of 16 to1
the old price of silver as compared
with gold will be restored.
If it will restore the value of silver
X will not increase prices. He propos-
es to raise prices by diminishing the
value of the unit with which prices
are measured. Both results cannot fol-
low.
Mr.. Harvey fails entirely to prove
that the use Of one metal as the meas
ure of value is an experiment. History
proves that the use of a single stand
ard is the only means by which both
metals can be kept in circulation. 1t
Is the only way to secure a stable meas
ure of values and to maintain practical
bimetallism. 1t is based on scientific
principles and wherever attempts have
has always driven the deared out of
circulation which has resulted in prac-
teal monometallism always leaving
the cheaper metal only in use.
The gold unit is not responsible for
the fall in prices. The prices of labor
and property when taken together
have not declined. II is not true that
the fall in prices when brought about
by natural causes benefits only the
money lender. Such cheapening of
products benefits all who consume
what they do not produce.
Mr.. Harvey utterly failed to show
fall in the price of a single article
which is not fully accounted for by
cheaper cost Of production, improved
transportation or increased supply.
He bases his contention on the assump
ton that gold has appreciated AS
gold measures the value of commodi-
ties. wages and land, SO wages, lands
and commodities measure the value Of
gold. Commodities have fallen eight
per cent; wages have increased fifty
eight per cent and lands have increas-
ed ninety per cent IN value since 1860
when Mr.. Harvey contends we were
on bimetallic basis. These facts ut
terly annihilate the claim that gold
has appreciated.
During the discussion Mr.. Harvey
cites Roman history with its many
evils, but he inadvertently makes an
admission as to the great value of
banking facilities which refutes all his
other assertions against such systems
After portraylng the bad condition ex-
listing in the Roman empire, he says:
ut Is a significant coincidence that the