St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-12
HARVEY'S DOLLAR.
The Silver Schoolmaster Rides
His Hobby Gracefully in
Minneapolis.
SECOND OF HIS LECTURES.
Attempts to Answer Some of
the Newspapers Of the
Flour City.
JUMPS ON THE TRIBUNE.
Claims That the Country Is
Suffering for More Pri- :
mary Money :

mary money -. :
.-,ELt - .f52
~ g ~
w. FL. Harvey gaver his I4seeond
lecture at the Metropolitan theater
last evening to an audience of about
the same proportions as on the prev
ious evening. The rain was partly
responsible for the small attendance,
as great interest has been aroused
by the reports in Coins argu-
ments since his arrival in this city.
The speaker was indisposed last
evening, and spoke with difficulty,
but managed to hold the attention
of his auditors for an hour and a
half.
Mr.. Harvey began with the news
papers, each one of which had con-
sidered his first lecture editorially.
Beginning with the Times assertion
that his statements that "bimetal-
lism existed in this country for near
ly a century until abolished in 1878
would hardly stand inspection" ETC.,
he said he desired to ask the editor
of the Times one question-what
he thought of a financial system
based on the gold unit that has not
had a single dollar coined of that
unit.
The Journals editorial was next
taken up, which stated that Alex
ander Hamilton proposed and had
adopted two units of value. 81 have
here" said the speaker, 1.-The statute
of 1892, which says as plain as the
English language can make it, that
the Spanish milled dollar to contain
BIN grains OF silver is the unit of
that statute fixing the financial laws
of this country. 1t is true that Ham
ilton advocated two units, and equal
unit, and that the grand committee
reported in favor of a silver unit.
STANDARD DOLLAR.
Mr.. Harvey then took up the act
demonetizing silver In 1873, and read
it's various sections, commenting
upon them in a forcible manner.
Silver" he said, twas the unit
from 1892 to 1873. The statute of 1873
revolutionized the financial sys-
tenn of this country" He read the
section describing the denomina-
lions of the gold coins of the United
States, and speaking of the standard
weight of the one dollar gold piece
of % $40 grains, the unit of value
al eli
one of them. The act, he said, sealed
the doom Of the standard silver dol
lar. After the act certain men
feared it was not sufficiently strong,
and so they passed another statue in
1876, which settled the trade dollar
got drought with their work they
had taken away from silver it's
free coinage, and had limited it
virtually to about 100000 in all that
could be coined under their acts, and
had provided for the stoppage of
the standard silver, as we'll as for S.
as the legal limit in the fractional
silver coin. The trade dollar had
nothing as a legal tender. Prior to
1873 silver was the nobler metal of
the two. 1t raised it's head higher
than it's competitors, and was always
worth just a little more, as a rule.
Its companion was measured in it,
and both metals enjoyed unlimited
free coinage at the minis of the
country. Then came the change
The unit was transferred from sill
yer to gold, from 371A grains of sill
yer to 25 $40 standard grains OF
gold. With the change silver did
| not receive the same treatment as
| gold. While silver was the unit, gold
had free access to the minis. With
| gold as the unit, silver was denied
admission to the mint except as il
was produced as commodity. With
this act camp the end of unlimited
Tree coinage of the one metal and
unlimited coinage of the other.
1T is said frequently" said the
speaker, "by bimetallists that this
act was surreptitiously passed. and
the people did not know of it, Again
L come in conflict with the newspa-
pers of your city. They say, in sub
stance, that it was well known and
heralded to the country, and all men
knew it; that the peoples money
fell PROSTATE in their presence with
their full knowledge; that that which
served you well was legislated out
of existence
WITH FULL PJJRJICTTv
Now I will settle this question SO
clearly that no sane man can leave
this house tonight with out deciding
with me. 1 will clinch the contro-
Versy between myself and the pub
lie PRESS
Mr.. Harvey then began coming
over the files of the MINNEAPOLIS
Tribune of January and February.
1873, and said he would make any
one handsome present who could
point him to a single paragraph
tending to show that the editors
themselves knew that the act had
been passed.
A Voice = When was the act
passed?
FEB. II, 1871
Mr.. Harvey then read a four
line item from the Tribune couehed
in vague language which referred to
the passage of the act, and said he
def1ed any one to find another line
about it either in the news or editor
ial columns -
I'm Chicago" said he, 1.-THE Tribune
mad an additional telegram which
read, THE coinage act that passed
the senate today is a codification of all
existing coinage laws heretofore
passed on the subject" That was all
and the speaker denounced it as an
absolute falsehood
On the morning Of the 18th of
February, when the people should
have received the news, he said not