Evening star., 1895-07-16
Not Opposed to BimetalIism.

Il am not mere as an opponent OF Dlmet-
allism. believe in the use of gold and sill
yer as money to the fullest extent that can
be done on sound business principles. I be-
lieve that both gold and silver are the nat
ural money of the world and have always
entertained the hope that the business men
of the world would yet come together in
an international convention and agree up
on some basis whereby gold and silver can
be used as the money Of final settlement
among the people Of the entire world. I do
not believe that any one government can
fix the value upon any two metals and
name a ratio which will be accepted by
the people of the world-of the country it
self-so that the two metals will be used
side by side. Consequently. If our nation
alone should attempt any such action, 1t
would simply place our country upon a sill
yer basis and the attempt would end in
silver moncmetallism. If we are compelled
to decide between gold morometallism and
silver monometallismt then am decidedly In
favor Of adopting the standard used by the
civilized nations of the world. I do not be-
lieve in the teachings of this book, that the
nation is on The verge of financial ruin, or
that starvation is staring our people in the
face. 1 believe If our nation would adopt
the course advocated in this book 1t would
seriously injure the entire wage earners Of
the Urited States. I believe we would de-
stroy the confidence of the business men Of
the world in our integrity as a nation, and
we would precipitate such financial panic
II will state further that If this book
about which we are going to debate Is
true, then I am all wrong. 1t seems to me
to be devoid Of business sense from begin
Eing to eEd, and I shall enter upon the
work of attempting to prove that, and
hope to be able to do 1t in language that
shall be so plain and explicit that my fel-
low-citizens will be satisfied that I have
accomplished my task"
Following is Mr.. Harvey's statement: IT
am here to defend the facts ard principles
in Coins Financial School. I am aware
that the illustrations in that book are a
great aid in presenting clearly Its views.
We find this true in our schools. Many
scientific works rely largely on Illustrations,
and our newspapers find that illustrations
make plain many ideas that could not
otherwise be clearly expressed. And yet
I am here to defend orally those same
principles
II expect to make good, in this debate
the following propositions:
II; That silver and gold are the money
was the unit of value in our coinage sys-
tenn in this country from 1902 to 1873, just
as the yard stick was the measure of
length. That gold was measured in the sill
yer unit, and concurrent coinage given to 1t
(gol0.
THAT silver and gold combined consti-
tuted the legal standard Of value in this
the two together measured all other prop
erty.
A disputed Statement.
'2. That the act of 1873 was surreptitious-
ly passed.
'3. That during the period 1892 to 1873
the mints were open to the unlimited COIN
age of both metals into primary or redemp-
tion money and that both were treated as
such. That during that period people had
a right to have either metal coined into
full legal tender money, and that the option
was the debtor to pay in coins Of either
metal.
~. That this bimetallic system made an
unlimited demand for both metals to be