New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-23
The experience and reputation of 80
YEARS is back of
.COLGATE'S
SOAPS and Perfumes.

De usea as 60 this principle Money
at first received its entire value from the labor
70 be used was because each one represented a
certain OF work and when pe@p p hai h :.
should get in exchange as much honest toll as 'hey
Ny first criticism of this whole business or
Brother Harvey and all the silver Is ,nls
product OF labor and the manner in which u r VII
be affected by the legislation they PROPOSE o haye
run into debt TO pay their debts without returning ing
fun value for What they have bs much a"n larger
army OF the human family who live week in and
week out on their daily earnings
HOW THE METALS PARTED COMPANY.
Mr. Harvey-When France Closed her mints In
January. 1874 the mints Of no large country were
open 10 silver Its price then began TO ease on
Go back to the table giving the commercial
ratio of the two metals for 200 years, ana see no"
they parted company Beginning with 1873 gradually
the commercial ratio widened One ounce OF gold
soon bought eighteen ounces of silver then twenty
ounces. and the end Of shon period ,Ssr OF
two and one-half ounces OF silver. For 200 years
under bimetallism there was , psrS cre is total
destruction OF parity. 49,, .., ~.
now distribute slysr yo" measured in gold in
London from 1893 1894 taken from page - Of the
this You viii see that the price Of an gu ounce
silver in London as priced in god fr0m i aG
price with slight variations While now un and
pence and that the began with
1873 /, has now reached It's logical level With
sla esssnc only now Sn as s uf Naturally
only onehaif much and az commonly Is Is VIII" W.
thus what the opening OF the minis TO tne eo 1n
limited demand Of these meals means ss as grinding
wheat into -four makes use for wheat ana pa ue,
msna o for IT that into w0uS nSa mot
money)-and 1t makes use for SILVER maj ina, 70 4,
Demand gives value Hence the unlimited demand
for silver that is given by unlimited coinage sro tho
AiSfri lffa
relative production of silver and gold taken IRON
AZ Of the official book from Masng' Stat,ses
Relating Coins and Currency The tape covers a
a period of $40 years make 1t part OF my re-
Mr. Horr- England in 1876 demonetized silver Da
was cheap or because it was scarce? At that time
Of the kind n so far as hs Se was Mr
Harvey seems to forget that the anes,on, OF IA me ne
measures had been argued in this for one
century Brother Harvey omits ms one b ib
neonle will discard one and the other We nee
essary compelled TO do business w VIZ he one or
cisey the same. so that the measure becomes one
and Identical.
STUDY WILL CHANGE HIS MIND
I was surprised hear Mr.. Harvey befor" inc
American people announce the propos'"o" Una,
we had thrown the people OF this Nation out OF
work bv the decentralization OF silver. | don't
know but he thinks II he does don't blame
him for saying SO. but II he will study the qnes-
ton as I have ne will change his mind make
r0POssOn to Mr. from I to sace 5ns our
people better employed and at better wages man
e @ any PN was Formed eAppialse what
am talking about Four millions t9day out 81 en-
inspired baby give them to You Iney mus Sor
respond Win some 10 sa OF nd 6ns O'ne'
M MAN H fE said from two four millions
out mr. of f the question Two million. Is jusi about
bad There isn't truth in either statement ,s,,
backed yet on Hy 5ls' ao
stated In cons fhanc e,,,o &C. VIA, makes ne
worry the greater for him. because In that one In
sa was sc co the Correction the shows
Mr. Horr has found in the BOOK is an error tnat
was against MS Appause)
A FLOOD OF CALAMITIEs
Now. as 10 the prosperity Of this country between
1879 and 1882. You could not break down great
Nation like this In year. II has taken short
period TO bring the bitter cup OF disappoint-
ment and distress I know with each four years the
potical parties have charged each Other with hav-
ing destroyed the prosperity Of he previous four
years. applause and laughter Since 1882 flood
coined in 1873 and the United States census shows
that depression has been hi az
a GSn9es sus hs table
gave YOU covers a period prior to 1873 Of rs years
In that time the ratio between the two metals hct
and yet the commercial ratio hung tenaciously to
the legal ratio a change In relative production had
no effect long az the mlnts were open 10 the
two metals (Applause)
WHY SILVER HAS BECOME CHEAP.
Mr. Horr-I have never said that the cheap price
OF silver was not account OF It's overproduction
have never intimated anything OF the kind and In
order that you may understand me and have II last
over twenty -four hours. will tell you now Silver
has become cheap in this world just precisely the
same as wheat and iron and zinc and lead and other
articles have been cheapened just precisely for the
same Applause.) want 10 state this propo-
sition. All OF these articles have been cheapened
| by the natural laws which govern the production OF
every substance known to the producers in the
". D. Wilcox, of chIcago-IiOw about gold Mr.
| That is a question will answer right now. Cold
Ras y ee cent ta is cheaper now than in
1873. All articles that can be produced by invention
made Every method which brings machinery into
play and puts less human toll into the production
trend any Of cVlza,Ion Is to cheaper human products
gold as well as silver and wheat large o number Sn o,
been decreased IN value at al by demoseuza,ion OF
sa ysr c1 s% s" aown s s OF
How DO know that sod Nh than wc was
Now, listen: You are younger man than am;
you have respectable faoe-I wish could say as
measure ,ea e' Of value by human toll The rate OF
wages the amount Of gold that man can get for
day twice much gold for a days work following
the plough as did In 1919 The people Of this coun
try are paid in gold for their work: so they were
in lsGo Wages are 10 per cent higher paid In gold
for the same amour; OF work than In 1860. Has
| not gold deprecated. then when you measure IT
Sh n % 81 ,Ss s of toni
leave out their calculation this article Of labor
and the article of labor is the greatest article Known
I'm the civilized world. DO you know how much
would have TO be produced in this great Nation Of
ours 10 supply the necessities Of life before
cumulate property all? Before there IL anything
left OF accumulated capital this Nation alone has 70
| be supplied with sI50O0OOoO Of products That
much has to be produced by the workers OF this
country 10 supply the consumption OF the people.
Consequently the question OF how labor IS paid is
a great question in this and other countries.
GOLD DEARER, HARVEY SAYS
Mr.. Harvey-Mr. Horr says that everything has
been cheapened. including gold To say that gold