Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1895-07-24
SIXTH DAYS TALK
Of the Silver and Gold Cham.
pions at Chicago.
DISCUSSION OF MUCH INTEREST.

Harvey Illuminates the Question OF scisn.
ton to Some Things In ssCoin's Financial
School" That He Says Are Not True
Production of the Two Metals Since 1874
Both Increase in Volume.
CHICAGO, July ga statement has
gone out from this city that the Harvey
Horr debate is attracting little attention
here; that the sessions are attended by
but few people, etc. The fact is that the
sessions can be attended by but few, as
there Is room for not more than $50 in the
hall where the sessions are held. 1t Is also
fact that the interest is great, not only
in the city bu. all over the country. The
attendance is limited to those invited,
and invitations are rarely neglected. All
the papers here print the debates in some
shape, and several print them in full.
There is a great demand all over the
country for good synopses Of what the
two debaters say Of the subject.
Harvey Opens the Sixth Talk.
Yesterdays discussion was opened by
Harvey, who summarized the result Of
the Mondays discussion as substantial
ing generally what he was there to main.
tain. Horn then took the floor and pro-
ceeded to call attention to what he called
misleading statements in Harvey's book.
For instance, he declared to be untrue
the statement that it was believed that
the cost of producing all the silver in the
world was about 81 per ounce. Horr
pointed out that there had been q vastly
| increased production at greatly reduced
prices. At the cost of which Harvey
spoke the silver miners in three years
would have lost about S236, OoO, OtO. and
men did not continue in u losing business
to that extent.
Aggregate OF the Precious Metals.
Again Harvey had put the aggregate
amount of silver in the world at about
three billion dollars. Il was estimated
| thai there We're about six billions. Har-
vcy had said that the debt of the United
States amounted to forty billion dollars;
that was an absurdity. The statement OF
tho amount of interest which the United
States paid annually Europe was also
untrue. Harvey said the amount of sill
yer referred to was the amount available
for coinage. Returning to his argument
on bi.metallism harvey said that the
option of the debtor to pay in q cheaper
metal should not be impaired. This
would always maintain parity. If the
| creditor were given option of money in
which he should be paid he would de-
mand dearer money, thereby increasing
demand for that metal and decreasing
the other, thereby widening instead of
narrowing the disparity.
Not the Question Under Discussion.
Horn declared that Harvey was wan
dering from the question in debate, be-
cause he had several times declared that
| if 1.-THE minis OF the world" would give
free and unlimited coinage to silver on q
certain ratio it could be maintained. Horr
said that was not the question to be con-
| sidered ut all, but whether, after the
| entire civilized world has refused to USE
silver as money of final redemption, and
still refuses to use 1t, can the United
States singlehanded and alone afford Il
put itself upon silver basis and join
Mexico, Chilli, and Tripoli on this sub.
I ject!''