St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-17
MATCHING MONEY.
Continued From First Page.

Continued From First Page.
the castigation which he says he adj
ministered them on the spot Qaughter).
The book even goes further; it de-
scribes the cres tfaIlen manner in which
some of these gentlemen left the room
after being worsted in this fearful
manner Qaughter). I feel now that
what we want to get at is the fact
about the book, so we will know where
we are proceeding"
Mr.. Harvey-The School is allie
gorical; it marshals the opinions of
the two sides to this controversy, so
that one in Imagination can see the
conflict Of opinions and the contest as
it proceeds. 1t puts in the mouths of
the gold standard advocates their we'll
known views, fairly stated, with which
the country had been flooded up to
the time the School was written.
The strength of the book was intend
ed to be in the fairness of stating those
views. The fact that a little boy in
knee pants was the instructor of the
men was supposed to be sufficient TO
fix the story as categorical. One read
ing Aesop'S fables does not care wheth-
er the animals talked or not Neither
does he attach any Importance as to
whether the little boy talked or not.
It is the Subject and the truths ut
tered that give to it, in each instance,
its Importance. If it is charged that
actual characters are used in the book,
while similar books use fictitious char
acters; the answer is that the well
known utterances and opinions of
these men are used, and the further
answer, that Shakespeare used actual
characters.
A CHAPTER ON BABES.
Mr.. Horr-I submit that If my
friend had studied the Scriptures a
little more carefully when he was look
ing for the motto which 1 shall take
up next, he would have found it some
where stated that man is not per-
mitted to bear false witness against
his neighbor. He says that he put
into their mouths the words that they
themselves would have uttered.
have had that done for. me so many
times in my life that 1 know what it
means. But now L come to the motto
of the book, which is this: 81 thank
Thee, Oh Father, Lord of heaven and
earth, because thou hast hid these
things from the wise and prudent and
hast revealed them unto babes" Does
my friend desire to intimate that the
kind of finance which he teaches is
something that babes will understand
but the people who know anything will
never be able to comprehend? Gap
plause and laughterl
Mr.. HarVey-Mr. Horn mininterprets
the meaning of that verse. The word
"babeS" is intended to mean the pure
of mind and unSelfiSh. 1t is in that
sense that it is used in the Bible, and
means that those pure of mind and I'M
selfish can see clearly those things
which the impure of mind and selfish
cannot see or understand
Mr.. Horr-Gentlemen, 1 merely call
ed his attention to the use of the pass
age of Scripture which he has now
fully explained by saying that the pas
sage does not mean what it says; that
the word which is translated babes
really means honest, disinterested per-
sons. 1 desire to say that that motto
is not susceptible of the explanation
he now makes of it. That motto was
intended to illustrate the fact that a
boy, a child even, like his young fell
low who taught finances in his book,
could distinguish the difference be-
tween right and wrong, and would be
lIle uFSI 10 learn 10 love d pure
life But ] submit to him that that
motto does not give an excuse for a
boy, because he is in knee breaches, to
stop telling the truth. 1t does not
give the boy right to misrepresent
facts.
~ LAWS ON MONEY.
At this point the contestants dis
cussed at some length the definition
of money. Coming to the money sys-
TEN of f.r the Uni United States Mr.. Hort
passed in this United States upon the
subject of money was on the 9Th day
of July, 1885; that was two years
after the subject had been discussed
in every shape and form by the people
and press of the United Staes. Con-
gress then-I will say the exact words
And on the question that the money
unit of the United States of America
be enc dollar, the yeas and nays being
required by Mr.. Howell, every mem
Der answering aye, it was resolved that
the money unit of the United States of
America be one dollar. Resolved, that
the smallest coin be of copper, OF which
200 shall pass for one dollar. Resolved,
that the several pieces shall Increase
in a decimal ratio That was the first
action taken by the American congress.
They first fixed the unit-that is, the
name of the thing that should be
USED as the measure VI NoIue-ucCiu-
ing that it should be called one dollar,
and that the smallest division of that
should be half-cent piece; that 1t
should be copper, and that 1t SHOULD
take 200 of TIM to make the unit. That
was the first effort of the new govern
ment to establish a monetary system.
Now. every one will say they had not
yet stated at all what the dollar should
consist of, except that 20 copper halT-
cents should be one of them, and that
nj M q
congress eStabliShed-200 lsalf-cent cop
pers. That is all the law there has
ever been on the subject, and all that
has ever been said about it anywhere
(applause). So we had flrst the money
of the daddies of copper-ro doubt
about it. Now comes the next 1mpor-
tant legislation upon this subject: Re
solved. that the standards OF the
United States of America for gold and
silver shall be eleven parts fine and
one part alloy Originally that was
the weight of alloy in all the coins OF
the United States. Afterwards we re-
duced the alloy so that it was one
part i'm ten
WHAT THE CONSTITUTION SAYS.
Mr.. Harvey-What Mr.. Horn says
about copper used as money during the
continental days preceding the adop-
ton of the constitution is trivial 10
be used in this argument At the time
our constitution was framed the details
governing the concurrent coinage OF
the two metals in our financial system
was under discussion in committees
and between statesmen of that period.
So, while these details We're left to
congress, after the adoption of the con-
stitution, bimetallic system was pro-
vided for in that constitution. Article |
l, section 6, says: Congress shall have
power to coin money, regulate the val
ne thereof, and of foreign coins. Sec
ton 10 says: mo state shall coin mon
ey or make anything but gold and sill
cont IF q