The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1895-08-09

10y the principals t-.'i-.-'4a'-. -''i- ilD'l
say- III part
The object II This debate was 20 de-
raru!ua n ~ yyuuld hs wise fur uur uI-
ruu ra throw open lr- ulut- to the fire.
co-us-,,. ui silver ar % ratio uf IU c.
when the civilized uar..u- ~ the world
r.fu-,. ts r..u ru -..4 action Ny DU-
puurur prrTa-.i Co. prov. thar -H'h
raur-,. is advisable. and url.rtaHk Co.
d1 10 uu the Hur- la.i down iu e gin
Financial school denied rEr advl--
uUl.ty ui such action aud alta. AeH ine
teachings OF that l..a from tIv title
maze. tl I-- rl..-.. The debate is finished. /
and uuU L.a- rH- ease stand. Mr.. /
Harvey admits rhat THE book l. pure |
fiction ~. r-pal.a--~ It~ motto hy de- /
,.ariug that DO du-, not u.e p what 1t |
saws la. statement that primary
money only j. the measure Df value. ne
has NOT even tempted 20 sustain,
though MS proof has been called for re
u,at-alv. His statement that the peu-
die of the fifteenth and sixteenth cen
turtles We're IN tine most degraded CON
dlJIuu Of ~erfdoH and slavery ON dc-
count of meta. money has been COM
ulrtc.y demolished.
lie based his whole argument on
the prop si,luu that the silver dollar
was II 1882 made the only unit OF
measure Of value | have shown con
cIusivelv that our foretarherS attempted
to establish bimetalIsm and provided
for two units of value-One OF gOLu anu
one of Silyer-always naming gold hrSt,
and that up To 1874 the silver standard
alone was used. That after the gold
standard came into use, and that since
that the silver dollar has never Tor
dav been used - the measure ot values
IN the United States. No nation has
ever succeeded III actually using two
standards at the same time.
Mr. Harvey next based MS case on
the assumption that the law OF lN'" was
a crime, and stated rhaC II bad it, origin
IN fraud and IT. birth through bribery
and corruption. This he failed To prove.
The gold unit l. not responsible for
the fall IN prices Tine prices ot labor
and property. when taken together.
have not declined buJ 10 Il not true
that the fuA III prices when brought
about .y natural causes iririt- "ii-E
The. mnuryL-u.rr such rt opening ul
products benefits al who u~uur what
they au NOT produce.
Mr. H4ry-s utterly failed tu show a
fall ll rl. price Ht a single article
which De- u.r fully accounted Tor hy
e..arr -.-r ui urH.l -E.u. ON proved
trans. ....rrar..- .r .u.r a-f. supply
.. .r-..r.. .r...r.l rur E-Ar"rl.
..n..-..u .f the ....H-rr ..- .u.Er .l
..H...".. ... ..-. wears .N
r.. f.... .t r.. ..H.-- -.a.. f" 'ar .H-.
rar h.. Nr .r..E
...... r.a d. .--s- .f frr
r.- r.. 'H.r... STATE bias Im
rr.. -#.E -..". f.r .aW Hi
r.a. ..-.. aus Jar number
. H.H. H uHr H1- t#ru
IH..-. #.. .a- .--H ilI
r.4..r r... r.#..t .uE -..r nation
.n r.. ta. 10 -.. ar-. .-r.H- ll r.i ia
H"... ..a.- .. ..| ....- .. .--F
u-. ..--.HE .- Ela.a.... has r.lH-l
sir Harvey. .a rH- debate. a. r
.I....- i..... .a. - .....- -.Ha.- It-.'
F.. Hv Farr.a. --ar..r.-.r rlr- Ey.l.l lead @
false H..r... .-.-. s. .H. r.r b, l.H-r -tAtr-
u.rr v.l.I lIv. been perfectly r-eAi
q. anyone
NrLaIsrv rlI-avHr- O. prove de
cr.a-.u- wage Il tine u-red state
since L--g He introduced only ON
statement Iu support OF AI~ position
tUat was the evidence II a single maj
for one trade IN the city OF Omaha
Ju the uth-r hand to prove that the
are advancing 1 introduced the Inve>
rI.-arIuu ~ the United States c0mmi.
~Iuucr II labor and MuIhall, who shOv
that TIE average annual wages l
manufacturing Industries have rise
from - ~ IN 1870 % = ~ III 1890.
MIR Harvey virtually admits tina
free silver. which he proposes, VIII pU
this nation ON u silver basis and drly
gold ont of TINS country.
Mr. Harvey SAID nothing TO otfst
my proposition that such action woul
destroy the credit Of our people an
lead % business disaster III every con
muuIry in the ulted States
Mr. Harvey SAID IN part, The d.
bate settles III my Judgment the 70
lowing propositions
..FIrsr-That gold and silver Is II
money of the constitution Mr. HOI
did not cuntruvert this, and l left
with Daniel WehSter's statement
that effect Since tins debate, the pre-
dispatches report the supreme court
OHIO as deciding that mUniCIpall
cannot issue bonds PAYABLE IN go
alone. that such bonds should be pa
able in either gold or silver. II tn
court has done 50, 1t has clearly d
cIdrd rightly. There Is no doubt
my mind brt that the United Stat
supreme court would have decided U
constitutional the at OF 1913. II II hi
been sooner understood that II wou
destroy the function of money residil
In silver
..~ecoud-Tbat the silver dollar W
the unit OF value in our coinage syste
fixed by the act Of 1892. Mr.. Horn a
mItS this.
.'Tmrd-That silver and gold bo
We're the measures Of value OF all 9th
property till 1913 and the debtor haC
right 70 pay IN either metal. MIR. HI
admits this
-Fourth-That the act of 1878 v
surrepJitI0Uslv passed.
.'Ftth-That for all time of whl
we have a knowledge, gold and sll'
We're treated equally a. money; a,
had a right 20 enter the minis III all
countries Of the world until iNl6, WI
England co~ed her ulnts 10 silver, Z
INI5-sI. when the United states, Il
many. France and the Latin Tn
followed
..Sixrh-ThatTpric of ali prope
are now measured IN gold a.One. I
are substantially 1t the present Il
one-half what they would be under
bIm-taIlic system. Mr. hOrr freGueu
III debate substantially makes this
mission
.Seventh-That there We're SI43, ,O
600 IN silver coined at our Bints pl
to 1913. all OF which coined prior
I>53 was primary money; and 81
1888 the silver dollars We're prim
money, and hv virtue Of the right
silver 10 be coined into primary mo
through the medium OF silver d pll
the whole volume Of the silver sup
was behind our monetary system,
eNerUlug its influence a. a measure
value aud stood ready 10 be coined.
To share equally with gold the dem
for money. That all the silver col
since February - 1873. has been TO
money. representing gold l. not ex
ing an influence aS measure of val
and i not performing the function
primary money.
'-EighJh-I believe that those
read and carefully digest the debate
conclude that / have made good all
propositions set forth in my OpeI
statement Mr.. HOrr only found