People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1895-07-25

was useless to exploit long tables of
ratio to show whether the double
standard could be maintained, the
world had pronounced against silver.
Harvey said he had been called on
by letters and kilograms to give state
ments BY Blaine, ingalls, and others
concerning the decentralization act.
He said that the words al his disposal
would not admit Of it. Taking up
HOrr's eulOgy Of Senator Morrill,
delivered on Saturday, Harvey charg-
ed that Senator Morrill, erred
in saying that no silver dollar
had been coined for forty years pre-
vlous to 1873. Harvey read from the
report Of the directors of the hint
showing that silver dollars in greater
or less amounts had been coined near
ly every year. The fact vas, Morrill,
was bank stakeholder, with bank
stockholders prejudices. He called
on HO.c to explain,
Mr.. Horn said Morrill, had not
meant to say that not a dollar had
been coined, but that none to speak
of had been, and declared that the
insinuatiOn that because Judge MsF-
rill was an owner of bank stock! he
was not to be believed, was too COZ.
temptlble for consideration.
Mr.. Harvey said that in raising the
point Of the coinage of silver prior to
1873 he wanted TO establish fact in
history which had been ObScured by a
false statement that such coinage had
not taken place. He wanted to make
this answer in the presence of the
gold men. Proceeding, Mr.. Harvey
said he did not mean to reflect on any
mans integrity because he was a
bank stakeholder. He merely want
ed to show that men were swerved in
their expressions of facts by their
interests.
Mr.. Harvey then defined scientific
bimetalliSm to be the free coinage Of
both gold and silver at an assumed
ratio; change in the size of the gold
dollar whenever the parity between
the gOlj and silver should require it
so the option Of both individuals and
the government to pay in the cheaper
metal. He held that under these
conditions silver would not depreci-
ate, because there would be an IN
limited demand at the ratio fixed by
law and no man would sell his bullion
below the price at which he could
haven't coined. Mr.. Harvey submitted
a table to show that from 1857 up to
1873 the commercial ratio had re-
NAMED remarkably of the old world.
Mr.. HOrr said this matter Of ratio
has little or nothing to do with the
question. The fact was that all the
civilized nations Of the world refused
to recognize silver except at its bull
lion value. Mr.. Horr then took up
the proposition of Mr.. Harvey's book
that making the dollar of one-half
the present value would double the
value OF everything in the United
States except debts. Mr.. Horr pro-
nOunced this absurd, saying we might
as well say that II we cut our yard
sticks in TIVE it would double the
amount Of cloth in the country. He
said Mr.. Harvey seemed to be "stuck
on" sweet "18 to l." In his book be
proposed to keep metal value at q
parity by reducing the amount OF
gold in the gold dollar" Carried to
its legitimate results the ratio would
become 16 to I to 80 tOl.
Mr.. Harvey proceeded to argue that
both gold and silver were the measure
Of values until 1873. Referring to the
cutting Of the yard stick in two Mr..
Harvey said that the gold men had
doubled the yard stick in 1873. He
asked whether if half the gold we're
destroyed the value Of the gold dollar
would not be doubled. Mr. Horr
shook his head. Mr.. Harvey said he
would Illustrate it in another way
which the farmers would understand.
II half the wheat crop in the United
States were destroyed would not the
price of wheat on the Chicago board
OF trade be doubled? In demonetiz.
ing silver in 1873, the golden yard
stick had been doubled. The friends
OF silver were merely asking for the
restoration OF the measure by read.
hitting silver to coinage.
Mr.. HOrr in reply to the charge that
the decentralization Of silver cut the
value of products in two said that il
that were true, prices would have a,
once dropped so per cent. The fact
was that they did not. If the de.
structiOn of half the wheat crop would
raise prices four-fOld, the demonitiza.
tiOn of silver did not destroy it. Re.
turning to the attack Mr.. Horr said
that Mr.. Harvey did not care for "a.
tic. What he wanted was a cheaE