The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-26

quartz, most Oh the SOlQ was piOuUcSu
from placer mines. 1t cost less, dollar
He read from a book by Alexander
Selman an opinion that, pound for
pound, 1t cost more TO produce silver
than gold; or, dollar for dollar. sixteen
20 one. Why did men continue TO
mine silver at a loss? Why did men
gamble on the board Of trade when
large majority lost?
1t was the gambling instinct i'm
painted in the human breast.
More Facts.
Another thing. Much Of the silver
produced was produced in conjunction
with gold mining, and large pro-
portion Of the silver produced was
the result of attempts to develop
mines which proved failures in the
END and the losers were disposinr Of
tnelr output to save something out of
the wreck. There were, he declared,
only three or four silver mines in
operation III the country and they
were having precarlous existence,
maple TO close any week.
Mr. Harvey then denounced Mr..
Scuoder as the tool of the banking
interests sent out to the silver coun-
Try to defame this nation
MI. HORT declared that the state
ment that 1t cost more TO produce Ii
pound Of silver than a pound of gold
was not true and had not been true
Tor great many thousand years.
1t was true. he said, as measured
IN human toll. both gold and silver
had deprecated ir value, but silver
had deprecated much more than
gold.
He then presented statistics in sub
sanitation of the depreciation of
gold, showing the prices for agrlcuI-
ture and labor.
Gets BacIk ut Him.
Mr.. Harvey took up the subject and
proceeded to argue that advances IN
the price of grain under a gold basis
in the years quoted had resulted
either from short crops or IN the IN
creased demand brought about by
the finding of new uses for i. Nh.
Harvey said the banks should go cut
Of the government business Instead OF
the government going out or the
banking business. (Applause). -
the banks be banks OF deposit anu
discount and nol makers OF money.
They are making II new VII O'' in
credit and you are paying them IN
terest for it. The rgument mat con-
fida7ce and. not money, IS al thdl -
wanted Nv a greenbacker Woalu &c
l.idiculed by these same men I'm M
dence won't buy anything. II wiz
4 man in debt 10 = banker, lldC - o..
von might as well talk about uolhS
doin without money There is no
condition of civiliza lion that you can
imagine by which you can be q patL
Of that civilization and yet co viii
ont money (applause) and by the les
islation Of 1873 it has oeeh ehhdIlC Sst
in exchange about double Win youl
nroDerfv That is the crucial point III
ttie financial discussion. (Applause)
A man loaning money in 1873 tnat one
thousand bushels of wheat WoulG nave
paid. YOU must now give MN Two
thousand bushels of wheat 10 pay
that debt. (Applause.) The men VINO
own bonds payable in money, ana Sc
clIrities payable in money, aggregatlng
more than all the assessed value OF
the property in the United States, have
legislated as to enhance the value
of their property until you have got TO
give I'D twice as much to them when
they come 10 buy your property as
they gave up To you when you, with
your hard earnings. with the product
of your loom and your field, bought
their property. Applause)
"What Ais You."
Mr.. TIorr-Now. I want to call the
attention of my friend to the TACT that
he cannot get at how farmers are do
ing simply by selecting one article
which happens to be cheap.
Mr.. Harvey want to ask you
right here before these people, 10 an
swer my argument made just before l
sat down.
Mr.. HORT am going TO do it, if you
will wait and keep still; that is what
I am up here for now. Oaughter)
The very last thing he said was in
reference to the fact that farmer had
to give twice as much wheat to pay
his debt as he did before the demone-
tization of silver. What ais you?
That is the very thing I am speaking
about Now, l was stating that you
can't possibly find out the facts in ref
erence to the farmer by taking one
article, and that the lowest one You
can find. Now, I will call your atten-
ton to confirmation of the figures
which l have heretofore given. Those
figures show more-that if prices
for farm products are all TAX
en- together. you know they nave
not declined. Here in the Uni
ted States comparing the present
values to those of twenty years ago
find my confirmation in your analysis
OF national wealth by the great stats
tician. Mr. MulhaI, so often quoted by
Mr.. Harvey In the June North Amer
lean Review Mr. MulhaH says that the
average yearly accumulation Of the
agricultural workers per capita of the
United States was. for the de-
cade 1851 to 1870 $3.50 each; for
Mr.. Harvey-Will you pardon me
Mr.. Horr-Don't bother me. For the
decade 1870 to 1880. S47.10 per capita;
and for the decade 1881 to 1890, s47. 80
per capita. Here is an ability on the
part of the farmer of the country to
save in the last census decade nearly
three times as great as in the decade
before the silver legislation of 1873.
Sweat shop.
Mr.. Harvey-Did not you have that
written before you left New York?
(Applause.) He says that we have in
creased in wealth Nobody disputes
that. The United States has not only
been a workshop in producing wealth,
but it has been d sweatshop. ZAP
plause) 1t has 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 civiliza-
ton can rise from under il, and when
we have passed four or eight years
further along there viii be no way for
US to rise from under it. We are max
ing in the United States today the last
stand of free men in the civilized
world. (Applause.l
The answering of questions occupied