The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1895-08-01

only silver man among the twelve, and, -
should be noted insisted on ratio OF 80
to /. AS to the diversion OF half OF the
water from the stream, Mr. Horr said that
II the other half furnished all Of the water q
needed the mills would not be affected at
all.
Mr. Harvey, replying, said that under the
bank credit system we had always had
panics, and we always would have them.
The panic Of 1857 was not due to a change
In the coinage but to the bank credit sys-
tenn In answer to Mr.. Horr's statement
that the great mass of the debts of the ma
ton were short-time debts, and therefore
not contracted before the passage of the de-
monetzation act, Mr. Harvey quoted from
the Bankers Magazine, showing an aggre-
gate In a half-dozen Of the larger long time
debts of S19,0OO,OOO
Too Bad:
Mr.. Harvey said: This debate is coming to
close virtually to-day, because Monday I
of the United States" Mr.. Harvey denied hfr.
Horrs assertion that falling prices were the re-
supply protlut ed and the demand for it that regu
late the price of such products. Suppose widow,
OF her neghbors to raise and harvest her wheat
gro crop VIII her wheat he, be worth any less than
ence known to the traders. and the estimated
demand for it? If all the corn crop in the United
States We're destroyed except the crop in Iowa.
would the Iowa crop be governed by the cost OF
production the relative supply and demand
for corn: The cost of the product has nothing to
do with it. man may produce ounce of gold
for 10 cents that is worth $50. The fact that it
f fSsn s% 10 cents does not make it worth less
Mr.. Horr: '1r. Harvey is mystifed because he
takes it for granted that the business of country
entirely depends upon the amount per capita Of
the circulation medium. He insists that if you
shrink that you ruin the business in the country.
There large number of men who believe
that doctrine. but no more transparent humbug
was ever taught the people of this Or any other
country. Money is q plethora In this country 8
lying idle simply because there is nobody to use
nd D D you know tha b Why my friend s
get the cart before the horse 1t is not an abund-
| ance of money that makes business active; it is
business that makes money active in this world
of ours (Applause.) And until you can comprehend
| that point. Brother Harvey, you will never I'M
derst'nd this financial question at an" Iaugh-
Mr.. Horr explained that the sufhciency or lack
of suffciency had much to do with the question Of
banking facilities, the necessity of a large or
small per capita circulation This country has
capita, but Canada has elegant banking sys-
| tem-no better on the face of the earth than the
| Canadian system of utilizing banks. Switzerland.
one Of the most prosperous little nations On the
| face of the globe has only $14.4s about half as
much as this country has. The ratio of money to
in the United States is good wages for work.
steady employment for our men, and we have
got money enough to do twice the business we are
doing to-day. LAppause3
Harvey en- Organized Labor.
Mr.. Harvey: At the conclusion of this debate
| Mr. Horr and have $500 words each at our
disposal to write at our leisure within seven days
after the debate to sum up the debate, and any
thing in Mr.. Hoor's argument that do not reply
to to-day will reply in that summary, because
there is only short time left to us and want
to answer some matters that have been intro
duced into this debate at the earlier stages. I
want to speak few moments on the proposition
that wages have increased.
Speaking of organized labor Mr.. Harvey sad
reorganization sustains wages for those actually
employed while engaged at work, but when you
average the wages by including the unemployed
ama 10 Inc expense anu t 1s LOST ooes
will find that the gold basis has measured itself
in wages with mathematical accuracy. This con
dition is not healthy. 1t is not good for the
country. 1t breeds strife. 1t creates loss to in
dustry and labor; it destroys manhood; it makes
criminals. The cause for it should be removed.
| Applause.l The labor organizations will con-
tinue and have a right to continue as long as
! ization that would make it unnecessary for any
organizations of that character to exist In Eu-
rope wages have been forced down to the legiti-
mate level of the gold standard The bayonet has
been used to do it. Later it will do it here. The
interest of the laboring man is our side. We
will hold his wages up without strikes the
las the gold of California and Australia raised
his wages, will the silver of mountains as
it pours into our metallic money stock as pri-
mary money raise his wages. There will be
work for all and the strife for labor will cease
selfshy reasons that he benefits himself by main
tanning dear dollar. is neither broad nor hui
and it may be too late to remedy the error when
he too is without employment (Appause.)
The Pullman Wages.
Mr.. Harvey asked if not deceived
about wages being increased Referring to the
reported 10 per cent advance in wages at Pull
man, affecting 1000 men. conceded by the COM
pany without demand by the toiers, Mr.. Harvey
said the facts are that there has been no advance
in wages made at Pullman, and that Mr.. Pull
man himself admits that there was no advance
t | made: that what they meant was that they had
+ given the men that We're at work about 10 per
- cent more work to do They had previously been
Mr.
e read letter from Thomas 1. Kidd general sec
4 rotary of the machine woodworkers' International
. | union. saying: IF clothes and food embraced all
the necessities of the laboring people. the dollar
would unquestionably be of greater value to them
than ever but they do not ana what nat; the the Ia a.
more than offset by increased rent alone When
+ all things are considered the relative value of
9 the dollar is no greater now thcn-in 1865 Mr..
:One trouble that all labor will recognize
: in the United states is that on account of the
J. depressed condition of affairs 'laborers not
n | working full time. The unions have succeeded
d in holding up the price per diem, but the men
which is making that much less IN aols tnat
they are ia1 o ocres an sna N
t the United States to-day is owned by English
titled mobility, and the English land tenantey has
to that extent been already introduced into this
countr:. In Illinois there is county by the name
d of Logan that has county seat by the name Of
% that county on your way to that county seat and
= have on 10th sides of you Lord Scully's posses
u SiOnS with the Irish tnatcneu colthSes oNti eue
g land" tAppause.) 49,
q Mr. Horr-I have Travelled extensively. very ex-
f tensively through thrtyone states of this Union
- and 1 never vet single farm nor had my
l. attention called to one that owned by people
6 living outside of the United States. There are
7. some, hut they are few.
l., Mr. Harvey said: the propositio is made by
:. the gold standard that all of our efforts foI
> the restoration of silver is for the interests Oh
! ! silver bullion 1t is not true. In our
:, struggle to restore sufficient volume OF primary
e money in this country we have turned our atten'
q | ton 20 E--.-5
y Silver to Right the Wrong
that was committed and to restore 10 the peopae
IL that which the peoples money, irrespective
a of who owned that property. We do not Object
to gold because the gold miners produce it, and
\ the arguments that the gentleman makes abou
, silver producers could be made with the same force
;. about the gold producers. But want to MAKE
IS another answer to it. l want to say to you thai
IS the silver producers have not assisted in running
Il this campaign. (Applause.l If they We're assist
r ing anyone it is reasonable to suppose that thes
y, | had assisted me. / began my work in May, 1898
' by publishing a weekly paper, and commences
n | bringing out books in December 1888. became
chairman of the bimetallic executive COMMITTEES
of this state in the summer of 1888. My com
mittee appealed personally and by letter to ahou
Is all the silver mine owners in the West for dcm
~ | lions to assist We did not receive a cent
~ At one time sent out fortHfou letters to select
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