The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-08-28

1A1 Akx4A A3xAA0-
of an anarchist sheet, threw it to one
side. l was glad he abused me. do not
seek the applause in this world Of that
kind Of people.
"But when you come to the great
American press as whole l have NO
fault to find with it. 1t does not always
estimate me according to my. estimate of
myself Qaughter), but it may be right
and may be wrong. AS a rule, the In
situation that the leading press of this
country can be bought up for the purpose
of producing. legislation in the interest
OF any particular people against the
great interests of the citizens of the
United States, do not believe. I believe
there is as much honor and integrity
among the men who manage the great
newspapers of this country as there is
in the same number of men doing any
other business in the United States
ut will be good while before you will
get me into state of mind so that am
compelled to make out that the bulk of
any class of American citizens are set
of vagabonds. I am an American citizen
myself, and believe in this country, and
l think, take it as a whole, we average
up as we'll as the people Of any other
country on the face of the earth.
sometimes get the big head and think we
are little better, you know Qaughter)
and believing that never indulge in this
kind of talk about their acting from cor
rupt motives.
Il had just started to show that no ma
tion alone can establish the old ratio of
16 to 1. I state now that do not believe
Mr. Harvey thinks any one nation can
do it-at least he does not propose to
keep that ratio. He says in his book
they say it is not bimetallism unless
| the two metals stay at exactly the parity
| Of 16 to l. These men do not know what
bimetallism is. 1t may be desirable to
let one metal CO. as it would be now with
bimetallism and bimetalllic prices
both as primary money. We may have
whether one metal has a tendency to
.eave us more than the other or not, and
if desirable to stop this leaving change
in the ratio will do it, and if necessary
we can do it so as to set the other metal
going so that we can feed Europe either
metal we may choose So he is not a
stickler for 16 to l at all. Now I start
out with this proposition. Nations by
their laws do not fix the value of things
ual value of the two metals at the pres
ent time is wide apart. The ratio of 16
to 1 is today a thing of the past; the
value Of the two metals in the markets
of the world has changed all this discus
sion that we have had. How it hap
pened to have been done, what brought
it about, does not bear upon this ques-
ton today. The figures 16 to l do not
represent the commercial value of the
two today-nobody claims they do.
Nov, Mr.. Harvey and I both agree
that the free coinage of silver will de-
crease the measure OF value used here
in this country. He doesn't deny that.
The burden of his whole talk in this de-
bate is that we ought to have a cheaper
measure; that the unit is worth too
much. So now we agree that it will
change the measure. Mr.. Harvey says
then, that is what ought to be done, be-
cause, he says, the whole world is in
debt and our country is on the brink of
ruin because the present dollar is too va
liable. That is his position which 1
differ with him about
He proposes to relieve the distress of
the people by letting them pay what
they owe in cheaper money. l know l
do not misrepresent you in that respect,
Mr.. Harvey. I answer him no. the
debts of the day, the bulk of them have
been contracted with the gold dollar as
the measure, and to relieve the payment
of them in any way by trick of this
kind is reputation. 1t is reputation
for all debts contracted recently any,
how, because both parties, the borrower
and the lender, should always use the
same measure. 1t would be dishonest if
| a man had one bushel measure to buy the
produce of the farms with and had
good deal smaller one which he used
when he sold such articles. You know
we would make it hot for a man that
| would try that on if we found it out here
in this world. The measure should al
ways be the one used and understood
by both parties. He answers me by say
ing, L agree with you, the unit of values
should be used by both parties, the
same, but he says, for twenty-five
years your unit has been increasing in
value and silver has remained stable
HARVEY CONTINUES TO READ.
Mr.. Harvey-"When l reach Mr. Horr's
argument as to legislation not controlling
the value Of gold and silver, my answer
| think, will be satisfactory. l now con-
tsnue reading from Prof. Suess: In 1887
l was enabled, through the kindness of the
secretary's Office of the chamber of COM
merce of Birmingham, to state the con-
sumption of gold in that city at 100000 to
300, 900 ounces. This did not include gild-
ing and gold leaf
The manager of the refining works in
Geneva wrote to Mr. Suess as follows:
Relying on our sales and on the figures
| OF the federal control, I estimate the de-
mand of Switzerland in 1890 at $4,000 to
$4,000 kilograms Of alleged gold; that is
to say about $500 Kilograms of fine gold
OF this l estimate that Seven-ninths went
to the watch industry and two-ninths in
to jewelry. For silver on the same basis
in the same wear the demand would have
been $4,000 Kilograms of fine silver which
was entirely taken up by the watch in
dustry. For 1891 / estimate the demand
for alleged gold in Switzerland at 5000
kilograms that is to say about $500 kilo-
grams of fine gold, 1000 Kilograms being
for watches and 1000 kilograms for orna-
ments. Silver would amount to $4,000
to $4,000 Kilograms, entirely for the watch
industry
"Mr. Suess sums up all this information
he has acquired as follows: But if this
figure is compared with the figure of the
total production of 10000 Kilograms in
round numbers for 1890, or 1T 900 kilo-
grams for 1891 (the figures he has OBJ
tainedD, it seems to me very probable that
the demand for ornament, for industry
and for boarding is close to the figure Of
production or has already reached it, [
now hand this book to Mr. Horn.
| Here in the United States we nroduco