River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1895-08-01

ard Of value Mr. Horr's teply to the corre-
spondent, as quoted by MrI Harvey. concluded
with the words: Your s,ttem seems SO alb
sJrd that can hardly tread il soberly."
In reply to the charge ttat he had unfairly
based his arguments uponh foreign table. Mr.
Harvey produced a comparative statement
that his argument would lFhye been even more
forcibly emphasized by ~ Aldrich report TO
the United States senatei and further stated
that his selection Of tauerheek's figures
based upon his bel& 4 ana the general
ly accepted opinion thf they were mora
authoritative.
Mr. Horr accused his Opponent OF being
tricky in quoting one sentS nce from the article
which he had written for te New YORK Trib-
une, and assuming that it Showed the gist of
the whole article What Il said in reference
TO the mans theories bei1g ridiculous did not
relate to his measure of u lue at all u was
his attempt 10 substitute \ paper dollar based
on nothing with which TO 10 the business Of
the country.
Saturdays debate wastful OF bypiay. and
there was no little wit Az sharp retort that
kept the audience in excellent humor. In a nut
shell the arguments of saturday were along
these lines:
Claimed by Mr. Harvek That pauics are
due TO our system OF banpz credits; that sup
ply and demand not dtst Of production,
Tx prices; that the relative value OF the
dollar now Is greater tharfin 1865. that there
is constant increase 3 debtors, Ia tenants,
in homicides, insanity. tuicde and crime;
that. in short the logical Outcome of the ten
dency of present eventt must be the sub
stltution OF monarchy for the present re-
public
Claimed by Mr.. Horn That the volume of
currency in circulation il not closely related
to the volume of BUSINESS that there Is no
such thing an unlim bed demand for any
thing in the world, not leven OF money; that
there are other uses for money than as
/ n medium OF paying dfbts: that the panic
of 1893 was caused bv p pear that this country
might return 10 a silver basis; that the bust
ness of the country doeslnot depend upon the
| per capita OF the circulating medium that the
de bt OF the country Is delreaSing that eleven
| items in Mr.. Harveys tfble OF debts are mil
/ lions Of dollars wrong ID the aggregate and
wholly misleading
AT the close OF the dayt session Mr. Harvey
presented Mr.. Horr witt silver dollar of
| 1879 as a souvenir Of The debate. In the
early DAYS of the debatk" said Mr.. Harvey,
| you claimed the silvf dollar was never
the sole unit or stat dard OF value.
| hereby present you With silver dollar
coined in 1919 upon the tm OF which, in place
of the customary milling is stamped by the
| government. these wordI one dollar or unit.
hundred cents Mr.. Htrr accepted the dol
| lar and announced he, would have hole
| bored into its middle ana then hang IL with a
| string about the neck OF granddaughter born
the first day of the debate.
Monday, the CIbsing Session.
CHICAGO, July 3I-Tie Horr-Harvey silver
debate came to an end Monday Every seat IN
| the art gallery OF the Ilknois club was occu-
| pied when time was callSd for the closing ses-
| sion Of the great war Of twords, and the walls
| were lined with listenets eager to catch the
| closing remarks of the ckntestants.
Twenty-four hours Il all have been con-
sumed in the debate whlch ran through eight
days, and l45 600 words ia all we're spoken. ac-
! cording TO the original agreement The two
| gentlemen still have 2.5 n words each In which
| to close. This is to be submitted however, N
| manuscript any time wihn seven days TO ot
| inserted in the book which is to be puhllshed
Resolutions were pas<e thanking the Illi-
| nois club for the use a their house. and ex-
| pressing appreciation pr all that had been
| done by various ladies ind gentlemen to assist
| in the carrying on OF th4 debate resolution
| was also p ssed thanlng Messrs Horn ano
! Harvey for the massl Of Information WITH
which they have presthted the public since
the debate began. Tften the closing argu-
| mentS we're commencet
Mr. Horr led with tGe sweeping assertion
| that in the few case4 in which the figures
| cited by Mr. Harvey correct
they had tended u weaken his own
/ argument He thes referred 70 Mr..
/ Hartev's statement.I which the latter
had said was based up4l the authority of Car
roll ID Wright United States commissioner OF
| labor TO the effect thai there we're between
| 1000 600 and 100000 Unemployed men in the
| country In REPUTATION BIZ these figures. he pro-
| dueed telegram frout MIR. Wright expressly
disclaiming them.
! The effect of this sho} was spoiled however,
/ by Mr. Harvey's exploitation that these were
| the only figures that he had used In his
! book that mad not bten verified, and that
| Immediately after the hppe Arance of the first
| edition he had written 10 Mr.. Wright and upon
| receipt of his reply hid erased the incorrect
| data from the stereotype plates OF the book
After this temporary DEPRESSION, the silver
champion expressed his obligations to
every one who h4i assisted him In
| the debate, from Che Judge and ref
/ cree TO his fair stenographer, and
then resumed the thrdld OF his argument by
| producing printed Ia pc showing the amounts
! of silver coius annulla from I79s 70 1873. for
| the purpose OF demonst rating the falsty Of the
| statement made by tie monometallists that
| for the first fifty yearsSf the present century
| the United States vas On silver oasis
and on gold basis from 1863 to 1873
The statement he kaid. that gold did not
seek the minis for the first fifty years and
that silver did not seek the minis for the last
| thirty years prior tos 1873. Is not true. He
| quoted from the Unt4d States coinage laws
| appendix of 1894 Ihd stock of gold is there