The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-08-14
will receive nothing but injury from
this entire scheme fAnnlansal

will receive nothing but injury from
this entire scheme" (Applause)
Mr.. Harvey-I am going to permit
myself to be diverted for moment.
What Mr.. Horn has said about the cost of
producing silver he could have said with
great deal more force about the cost of
producing gold. (Applause.) Gold and
silver are alike in their geological for
nation, in this that silver only is found
in hard formation and gold is found in
the same hard formation-in quartz
veins. In that they are alike. In this
they afe not: Gold is also found in plac-
er mining-and most Of it has come from
placer mining-and there gold is produc-
ed very cheaply because it requires 10
miners picks or blasting powder nor
working in hard rock, and no quartz
mills are necessary; it is PANIED out or
slu1ced out at very small cost of pro-
duction. Silver is never produced that
way, and gold, dollar for dollar, costs
great deal less than silver does. GAP
plause) Now l am going to read from
Del Mar on the history of money, the
book you read from the other day. He
says:
Apart from other considerations
there can be but little doubt that the av-
erage cost of producing a pound of silver
from the beginning of the world to the
present time, has been far greater than
that OF producing pound of gold ZAP
plause) That is by weight, which means
that it has cost sixteen times as much
to produce silver as it has to produce
gold. Now this is the fact, gentlemen,
that silver and gold where found in
quartz formation are mined not only
with great difficulty but with great un-
,fcIY nfvy $IO
even and certain like coal and iron veins
you have got it today and lose it to-
morrow.
Now you ask me, Why, then, do they
continue to producer Tell me why men
will gamble on the board of trade of Chi
cago and 1 will answer you. (Applause.)
1t is that feverish desire of men to make
a fortune suddenly, and occasionally
somebody does it in the precious-metal
mining, and that is the reason why they
keep.at it.
"Now, Mr.. Horn says that so many
ounces of silver have been produced
since 1873, year by year, and increasing,
and he says if they are not making
money out of it why do they continue it.
Now that Is answered in this: First, a
large per cent of that comes out of the
production of gold. In the production of
the gold-they are welded by God AL
mighty in the earth (cries of Good!
Good" and applause), and in refining the
gold large percentage Of the silver we
get is produced; to get one you must get
the other. In the next place over so per
cent of all the silver produced comes
from prospects where men are trying to
make mines, mines that are not paying
in either gold or silver or both, and they
are shipping that to get back what they
can. (Applause.)
81 will direct your attention to where
this trouble comes from, and do it by
continuing with the subject that l was
on, because am now travelling with you
to the point whence all our troubles have
come. have nothing against the bank
ers individually. I have against their
system. They are a smooth, polished,
well-fed class of citizens, and on any SUBJ
ject that does not threaten their system
they are patriotic, intelligent people.
They cannot see why they should not
loan the same money over and over again
until they work the quantity in existence
up to the quantity required. To have
what money there is play through the
banks like shuttle-cock, weaving their
fortunes, is a system they consider worth
defending. The Shylocks of old loaned
IuCIA OWA uOucy tuC lOCkS OI COus1Y
have system by which they loan other
peoples money. (Applause.) They are
defending that system.
'They are organized. read from page
1.026 of volume 2, part 2, Congressional
Record of Feb. IA, 1878. This was read
in the United States congress from files
of the New York Tribune, the corpora
ton which the honorable gentleman is
with: The capital of the country is Or
ganized at last, and we shall see whether
congress will dare fly in it's face"
Mr.. HORT wish to say to the people
Of this country that on the face of bust
ness transactions the statement which
Mr.. Harvey makes, 1 do not care who
has said 1t before him, that it costs as
much to get pound Of silver as it does
to get pound of gold is not true. It has
not been true for a great many thousand
years. There was time when the two
were worth precisely the same per
pound. The same author that he kept
quoting from will show you the separ-
alton in price from 4 to until it got
down where it is now, to 80 to 1. The gap
has always been widening, and silver has
always been getting cheaper So has
gold. have stated that to you here be-
fore. Gold has been cheapening since
1873 when measured by human toll with
the products of human toll. 1t has been
following the same law, but silver has
deprecated much faster than gold.
Brother Harvey, In Mondays debate
you stated that owing to the RESUMPTION
of specie payments from 1873 to 1879 the
silver legislation Of 1873 did not affect
prices very much until 1879. To meas
ure the effect of silver legislation then
upon the farmer, will compare the five
years from 1875 to 1879 with the last five
years, from 1890 to 1894.
Il Will use the home value of the crop
or the value of the same to the farmers.
and begin by using material furnished by
the agricultural department and summar-
lied in the statistical abstract for all the
years excepting the last two years. l will
begin with the largest and most important
crop of the land, a crop which is worth
more to the producers than any other
two. I refer to corn. In the five years.
1875 to 1879, there were raised in the
United States an average annual crop of
1,176, Tie, 900 bushels, for the five years
total of $2,533, 22O, 1872 in currency That
is an average of 1878 cents a bushel in
currency or So cents in gold"
Mr.. Harvey-"Mr. Horr, won't you treat
us fairly and compare the crop of 1872
with the crop of 1894 instead Of mixing
the figures up in that way?"
MR.. HORR TAKES HIS STRAIGHT.
Mr.. HORT will give you those that
l have prepared. I don't mix anything.
1t is just as straightforward as it can be-"
Mr.. Harvey-"You can get it from the
book here on the table,"
Mr.. Horr-"Well, wait. Don't you want
me to run this thing as like, or do you
want me to run it entirely to suit you?
Naughter.) He sees what's coming. and