St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-23
HORR AND HARVEY BRING THEIR
DEBATE DOWN TO THE
PRESENT.
SCIENTIFIC BIMETALLISM.
WHAT 1T MEANS ACCORDING To
THE SILVER MANS DEFI-
NITION.
HoRR TIRES OF RATIO TALK.
Getting at the Value of Silver
Dollars and Gold Dollars by
q True Measure.

CHICAGO, July 22.-"Back dates"
We're thrown to the dogs today in the
+. debate between Horr and Harvey.
1t was more than ever a case of
Greek meets Greek, and interest in
the tug-of-war heightened at once
when it was seen that the days of
Pericles, as well as 1892, 1916, 1873
and other years, no matter how his
toric or important, were all barred
more or less in favor of 1885,.
Mr.. Horr opened with a written
argument touching the impossible
ity of maintaining a fixed ratio be-
tween gold and silver. AS the re-
suit of experience all of the civilized
nations of the globe had discarded
silver as standard money. 1t was
useless to exploit long tables of
ratios to show whether a double
standard could be maintained. The
world had pronounced against sill
yer.
Mr.. Harvey said he had been called
on by letters and kilograms to give
statements of Blaine, ingalls, and
others concerning the demonetiza
ton act. He said that the words at
his disposal in the debate would
not admit of it. Taking up Mr..
Horr'S eulogy of Senator Morrill,,
delivered on Saturday, he charged
that Senator Morrill, erred in saying
that no silver dollars had been
coined for forty years prior to 1873.
Mr.. Harvey read from the report of
the director of the mint, showing
that silver dollars in greater or
less amounts had been coined nearly
every year. The fact was that Mr..
Morrill, was bank stockholder,
with a bank stockholders prejudices.
He called on Mr. Horr to explain.
NONE TO SPEAK OF.
Mr.. Horr said that Mr.. Morrill,
had not meant to say that not a
dollar had been coined, but that none
to speak of had been. AT most it
could be said that Mr.. Morrill, had
made a mistake. Mr.. Harvey, in his
book, had made a mistake, and a
bad one, in stating the amount of
silver which had been coined dur
ing the life of the government. Mr..
Horr declared that the insinuation
that, because Judge Morrill, was an
owner of bank stock, he was not to
be believed, was too contemplate
for consideration.
Mr.. Harvey said that in raising
the point of the coinage of silver
prior to 1873 he wanted to estab-
lisha fact in history which had been
obscured by false statements that
such coinage had not taken place.
He wanted to make this answer in
the presence of the gold men. Pro-
ceeding, Mr.. Harvey said he did not
mean to reflect on any mans integ-
rity because he was a bank stock
holder. He merely wanted to show
that men were swerved in their eX-
preston of facts by their interests
Mr.. Harvey then defined scientific
bimetallism to be the free coinage
of both gold and silver at an as
sumed ratio; change in the size
of the gold dollar whenever the par
ity between the gold and silver coins
should require; the option to both in
dividuals and the government to pay
in the cheaper money. He held that,
under these circumstances, silver
would not depricate, because there
would be an unlimited demand at
the ratio fixed by law, and no man
would sell his bullion below the
price at which he could have it
coined. Mr.. Harvey submitted a ta-
bic to show that, from 1867 to 1873,
the commercial ratio had remained
remarkably close to the legal ratio,
Notwithstanding the demonetization
of it by England and another of the
great nations of the world.
TOO MUCH Ratio. TALK.