Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1895-07-25

OF pure or 416 grains Of standard silver
was adopted, the statute 50 reads. and the gold
coins are valued In that silver unit, and Ham
ilt0n's suggestion for two units, gold unit
and 9 silver unit. was not accepted by congress
and only silver unit was provided for Ia the
act Of 1872 Ben
Mr. Horr conceded that there was no doubt
but that congress in 1872 established, a unit of
value and fixed 1t In silver atsS714 grains pure
silver, but what they also did was TO attempt
TO establish bimetallism. They aimed to Ak
it so that we would use both measures OF value
and both coins as money. He then read letter
from Jefferson to Hamilton. in which the for
mer said he thought the unit should stand on
both metals, and the two statesmen finally
agreed thatsthe exact ratio between the two
metals thould be IS to l. We did have the sill
yer standard in this country up to 1884 In 1888
q new ratio was fixed, the gold unit
that Is the eagle-was reduced After that
gold commenced to circulate and we lost our
silver, and the people of this country. when
meant gold dollar; they never meant silver
dollar. M
Wednesday.
CHICAGO, July l0.-The second session OF the
Horn Harvey silver debate began at O'Clock
p. m. Wednesday in the auditorium of the
Illinois club before the same limited audience.
Mr.. Horr began by quoting Hallam's
fallacy OF Mr.. Harveys statements in his book
regarding tho degeneracy of the world COM
mercially In the fifteenth century as result
of the depreciation Of silver. He cited from
Prof James E. Thorold Rogers to re-
flute the statement made by Mr. Harvey
from his book that the price Of wheat
had fallen in that period and that the lot
with the passage from the eighth to the If
tenth century, as charged by, Mr. Harvey.
Leber, Nautilus and Hyndman were also cited
in contradiction of the silver champions
fifteenth century statements
Mr.. Harvey said he had not intended to ar
que with Mr. Horn that the monetary COM
mission, from hesreport of which the quota
ing about He declined to have his mind di-
verified from the regular argument
and logical arrangement OF tho debate
He declared that the debate so
far had settled the questions as TO- what was
the money Of. the Constitution what was the
unit of value as hxed. by the trainers OF
the constitution, in favor of his book.
The contestants became involved In short
and sharp argument AZ to the reason and un-
DERIVING motive of Mr.. Harvey in emitting
to state in his quotation Of the act making
legal tender OF foreign COIN that congress. In
the same act. also made gold coins legal ten
der. The New Yorker insinuated that the au-
thor did so to mislead his readers into believ-
ing congress considered silver the most i'm
portant, which was not true.
Mr. Harvey retorted: when man Is dis
cussing cattle he does not talk hogs. When q
man Is discussing silver and the manner In
which it was treated by our forefathers. and
comparing it with the way in which IT Is
treated by you people now. 1t geWal
not necessary to refer to how they treated gold
or "copper"" He added that he had left on,
what was unnecessary for him to state in
est .blishing the principle that the laws made
foreign silver legal tender
After some, discussion as to whether the
statute had been quoted correctly in Coins
School, Mr.. Horrsproceeded in defenseo OF the
law Of 1873, and claimed that no law had ever
been passed by congress which was freer from
faint, He defied Mr.. Harvey to produce one
scintilla Of evidence, in proof Of
dis charge that 1t was q scheme TO demon.
etize silver concocted In London Tha,
law was passed because experience showed
that gold would not circulate under the ratio
Of IS to 1. The cheaper dollar. which was
silver had driven the gold currency out OF the