The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-21


was reached today in the Horr-Harvey
debate.
1t was near the end of the session when
Mr.. Hort, breaking away from the long
continued discussion Of the circumstances
surrounding the enactment of the law of
1873, stated compactly his version of the
existing conditions of the debate, and
then pumped the main question:
Ought we again to throw open the
mintS OF the United States to the free
coinage of siiver?"
surpriced Harvey.
surprise, but STOOD by his guns and in
sited upon proceeding with his attempt
TO prove that the decentralization of sill
Yer was accomplished with Z surrepti-
ilcusness that was criminal. Here is
what Mr.. Horr said preparatory to
springing the chief issue: ''Ihere are
Things about which Mr.. Harvey and my
self differ, and some on which we agree.
he Thinks our fathers established g
single measure Of value and that meas
ure was BIZ grains of pure silver, and
mat gold was made . simple companion
metal OF silver, and that its value was
to De all the time measured by silver
dollar | believe those early patriots at
tempted to establish a measure Of value
OF metals, gold and silver, and that they
supposed they had hit upon a ratio
which would secure the use of both gold
dollars and silver dollars, side by SIDE.
We agree that up to 1884 the measure Of
value III actual use III this country was
the silver dollar. | assert that in 1894
the ratio was changed and that the gold
dollar was made smaller He admits
that. l insist that When the gold dollar
was cheapened, it became the actual
measure Of values in this country, and
remained so up TO the suspension of
specie payments; that the silver dollar,
though still legal measure Of value,
was not used in this country as the ac-
tual measure after 1884. lie denies that
We both agree that from 1862 to 1879 the
done by using the gTeenhack dollar as
the measure of values, which was dur
ing mona OF these years, equal 10 me
value CT either the gold dollar or silver
dollar. He states that III his book, we
both agree.
A Good Basis.
Now mark-we both agree that in 1873
the coinage OF silver dollars was stopped
by law. and that since 1879. since the re-
sumption of specie payments, the domes-
tic and interna tional business OF this
country had been done on a. gold basis.
We agree that Great Britain has been
about that. claimed that Germany ceased
the coinage OF silver in 1871, and he
claims that it was not done until later
in 1878. but We both agree that since jan
uary l, 1874, Germany has been entirely
upon q gold basis. We agree that the
nations which compose the Latin union,
to-wit: France, Belgium, Switzerland
Italy and Greece, are all of them today
gold standard countries. There is no dis
pute between us that British America.
and Australia are also gold standard
and several OF the republics Of South
America are silver standard nations.
No Double Standard.
OF the earth that is actually using
double standard. The actual measure of
value i'll each of the countries of the
world is either gold alone or silver alone,
except in some countries where depre-
ciated paper money is the only circulat-
ing medium and metal money is bought
and sold as commodity, just as was
the case in this country during the SuS-
pension of specie payments. Mr.. Harvey
claims the law of 1873 was secretly and
fraudulently passed. He wont deny that
he claims that. l have denied 1t and still
deny il. l say there is not a grain of
truth in such a sta tement. But we both
agree that the law was passed and is
in force today. Now, the important
this moment, and the one we are here
to discuss, is: Ought the law to be re-
pealed? Ought we to again throw open
the minis of the country to the free
coinage Of silver upon the cid ratio of
j to l, when the actual ratio of value
in the markets of the world is fully 80
TO Il"
Holds Him Down.
Mr.. Harvey-When have read the
printed record of what Mr.. Horr has just
now said. it viii be time enough for me
TO take up a new subject. I am not done
with the present subject yet
The act of 1858 secured the purpose of |
The men who were seeking to overthrow
DUR constitutional standards of money in
his way. In 1858, on account of the eX-
Dortation of our silver coins by reason of
he French ration of 15ls to l, being less /
han ours, IS to l, Congress, preserving I
he silver unit, ordered by the act that /
he fractional silver, so cents and less. /
should be cut down in size to the French I
alto to stop its expectation The silver |
init was preserved and could be pre- |
served without even coming a single one |
If them. Now, their fractional silver had |
is legal tender character taken from it, |
because it was not of full weight. 1t was |
lot made full weight because of the eX- /
)ortation, and it was made non-legal ten |
waiting further consideration whether /
We would go to the French ratio as a |
whole or not So that when the bill in |
S73 was being considered, at the time |
When nobody was thinking about coin |
md very few knew anything about il, |
hese men who were steering the bill |
aid: We are re-enacting the act OF
Was DupIicity.
"There cannot be anything wrong about
hat. and that is what they made SEN
tors and congressman believe they were
ding, except that they were going to re-
uce the size of the silver dollar to put
S on the French ratio, but talking to
len who knew nothing about bimetallism
+ the previous history OF coinage. The
ct of 1913 served that purpose to get the
anguage in the bill concerning the ,frac-
onal coin. and the preceding clause
hat had the dollar in it, into the Ian
uage of the act of 1853. So that all
hey had to do was 10 strike out the line
nat had the dollar in it in the words ef
ne act Of 1873, which was free coinage
ollar. and there you had an act with
ut any free coinage about 1t.
Revising the Laws.
at have before me on this table the
les of the Chicago Tribune for 1873.
his bill was passed in the Senate on
lnuary II. so that the morning papers
the 18th would contain any news
moving that the fundamental laws of
le government had been changed. The
My reference that appears in that paper
in a press telegram from Washington,
hich is this: l read.
- Mr.. Sherman called up the bill to re-
se and amend the laws relating 20
f.fF7 Of /