The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-07-29
GAVE HORR A DOLLAR
Mr.. Harvey Presents Him With
One Coined in 1893.
He Tells Him to Keep 1t as a
Souvenir.
WAS MARKED '.UNIT.'
Wages and the Purchasing
Power We're Discussed.
Today's Debate to be a Sum-
mary.


afternoon. This afternoon they will meet
10 recite a supplement and glossary
to their eight days' work aud bring the
grand total of 143, GAS words to the speci-
fed limit $1,000 This afternoons de-
bate will simply be summing up.
Mr.. Harvey described this country
as the breeding ground of unrest and
desperation. Anarchy, suicide and dis
ease were growing with each day. Peo-
pie were becoming hopelessly poor.
"They think of strikes and force and
pillage," he continued erich men have
driven them to it and the war department
recognizes its coming enemy Is the wild
mob. The commander in chief has been
compelled to issue instructions to the
soldiers on methods of handling banded
workingmen."
MIR. Horn argued that Dir. Harvey was
afflicted with disease that never die4s
out "He hasn't reached the last stage
yet What he wants and what hiz cheer
ing people want is to destroy all values
and to destroy all property and put the
nation on a sOcialistic and anarchlstlc
basis"
There was a mighty shout in opposi-
ton. Harvey jumped to his feet to deny
that there was d word in the debate to
authorize any such assertion.
Il say there is" shouted Mr.. Horr.
sand l say your applause from the au-
dience has been greatest when you have
tried to show that you think the whole
society of the country ought to be de-
stroyed."
The silver men again shouted disap-
prOvai. Mr. Vincent reprimanded and
said the noise must certainly cease.
MIR. Horr began with a com parison of
the wages and the cost of products du-
ring the years from 1860 to $780, as shown
in the table prepared by Statistician
Carroll D. Wright With wages and
prices in 1860 taken as an index, or 100,
it showed that in 1899 prices were 81,
wages 159, and the purchasing power of
wages 172 He argued that at no time
in the history of the nation was the
country as prosperous as it was then, in
spite of the "crime of 1873" He submit
ted that these statistics were more appli-
cable to the conditions under discussion
than those of Mr. Sauerbeck, quoted by
Mr. Harvey on Thursday, as Mr.. Sauer-
beck's figures we're made from prices in
England.
MI Harvey, in turn took up the prices
of wheat for n series OF years, in reply to
Mr. Horr's statement Thursday that the
farmer received as much for his produce
in gold As he received before silver was
demOnetzed. He quoted the prices from
year TO year and declared that the argu-
ments of Dir. Horr were those which had
been used In all time to bulwark tyran-
ny. The Declaration of independence
was the proper answer to such argu-
ments. The proper index of prices was
to measure them in articles of inter-
national use. Tables made up by gold
men even, on these articles, showed that
they we're lower than in 1850.
Referring to Mr.. Horr's argument
touching the measure of value in human
toll, he quoted from an article by Mr.
Horr in New York paper in reply to a
correspondent suggesting the making of
SO much work the equivalent of a dollar
Mr.. HOrr declared the proposition alb
surd and confusing.
Mr.. Harvey denied Mr.. Horr's assertion
that falling prices were the results of
improved facilities "It is the supply
produced and the demand for it that reg
ulates the price of such products. Sup
pose widow owning farm receives the
voluntary assistance of her neigh bors to
raise and harvest her wheat crop Will
the wheat be worth any less than the
price fixed by the quantity of wheat in
existence known to the traders and the
estimated demand for it? If all the
corn crop in the United States were de-
strOyed except the crop in Iowa. would
the Iowa corn price be governed by the
cost of production or the relative supply
and demand for corn? The cost of the
product has nothing to do with il. A
man may produce an ounce of gold for
ten cents that is worth $50. The fact
that it cost him ten cents does not make
it worth less than $50.
Mr.. Horr: "dr. Harvey is mystified
because he takes it for granted that the
business of Il country entirely depends
upon the amount per capita of the circu-
lating medium. He insists that if you
shrink that you ruin the business of the
country. There is a large number oil
men who believe that doctrine but nc
more transparent humbug was ever
taught the people of this or any other
country.
"Money is a plethora in this country to-
day. There are hundreds of millions oil
dollars lying idle today because there is
nobody 10 use it. Did you know that
Why, my friend Harvey and all of you
men who think that way, as usual, gel
the cart before the horse. 1t is not an
abundance of money that makes bust
ness active; it is business that makes
money active. (Applausel Until you
can comprehend that point, Brother Har-
yer, you will never understand this fnan-
clal question at ALL" (Laughter).
Mr.. Horr explained that the sufici-
ency or lack of sufficiency of banking
facilities had much to do with the cues
ton OF the necessity of large or small
per capita circulation. This country has
per capita of about $26O2. Canada
has SO per capita, but Canada has an
elegant banking system. There is nc
better on the face of the earth than the
Canadian system of utilizing banks
Switzerland, one of the most prosperous
little nations on the face of this globe
has only $144S, about half as much as
this country has The ratio If 5000, .
the population proves nothing. WhaI
we iced in the United States is gooC
wages for work. steady employment fol-
apE men. and Va haYa got monev annr,nE