The Taney County republican., 1896-10-01
HARvEYs HARD HITS
Yelling B:svs 0svsn the Gold standard
at Chicago.

HARvEYS HARD HITS.
Yelling Bssvs 0svsn the Gold standard
1t Chicago.
wv. Fl. Harvey, the author of "Coin, =
talked to q large audience at the Audi
torium, Chicago. on Saturday night.
September 1s, on the subject of free sill
yer. In the course of his remarks he
made some telling hits in support of his
arguments for the free coinage of sill
yer. Mr.. Harvey said:
Man promotes his own interest by pro-
noting the common good individual self
ishncss. crystallized into law. Is the mother
Of anarchy and the death of republics.
OF American institutions. Money is the
blood Of commerce. You can do without
wheat. corn, beef, or any Of what are called
the necessaries Of life, but II you are q
out money. Without money society would
go back to barbarism.
There Is in society a need for certain
amount OF money. just as there Is need for
certain quantity of bread, and laws inter
fering with them are oppressive. II there
were laws encouraging the boarding Of
wheat they would be repealed. If there are
laws encouraging the boarding OF money.
we should demand that they be repealed
also. There Is not enough money to meet
that more il made. A cattle man in Texas
knows that II one-half the cattle In the
country were destroyed. his herd would
be worth twice as much as II Is now; the
money dealers know the same concerning
their money The difference is that every
one can raise as many cattle as he pieases.
but everyone cannot coin all the money
he wants IApplause.1
'Bimetallism Is the right to use either
gold or silver for money. so that these met
ais will be In competition with each other
The idea Of relying on two metals rather
than one is taught by nature We have
two eyes, two ears. two lungs, ana TWO
legs. Monometalltsm Is Ikea man with
ore lung or one leg. We are not mono
metallists. but bimetallists. We are called
silver men, but II gold had been demopet-
lied, we would be called gold men. we
believe In both metals, so that II one
grows scarce. We may use the other. lap
plause.1
Sizes Up Gold and Silver.
"Au the gold in the world available for
use in money Is 1900. .0oO. II cast INTO
one block 1t would only make cube OF q
feet. All the silver in the world available
for money is 81, oO0. .0O0. 600 likewise. If cast
into one block it would only make cube
of Sc feet. Under the law OF bimetauism
the two metals have never varied IN COM
mercial parity more than three per cent
and this slight huctuatfon was the eiasti-
city that the bimetallic system gave 10
our currency. From 1872 to 1850 the world
supply was two dollars Of silver and one
dollar of gold, or thirty-two ounces OF sn-
yer to one of gold. From 1850 to lS1S TINS con.
dition was more than reversed, ana yes
these violent fluctuations did not seem 70
have any perceptible effect on the COM
value of the two metals. Ine OPP
tion of the debtor acted like the regulator
on q steam engine -.
I'm 1873 coinage was leit Tree 10 eoIus ~.
denied to silver. One OF the main arteries
of civilization was cut OF. The DEBTOR was
limited TO gold payments Form that time
until now the worlds proouctioh mas pee1
sixteen ounces OF silver 10 one ounce % W
cold. which could not be said OF any Is
s.oars nrevious to 1873. But. In spite OF
that fact. the metals have departed from
parity so per cent, WINE Dr. e,
yious to 1873, with violent nuctoa.lous IN
the variation was o"i'
per cent IApplause.l
People Have q Delusion.
..p.or,e have a deiusion that a dollar Is .
fixity. They think wheat may ran. oSs HUe .Se
dollars In like manner, II was thousns IL
earth stood still and the sun moved buS
the law had made busnei Oh Mnea, ere
that the value Of wheat was stationary anu
the value of dollars fluctuating. Win paper
or silver redeemable in COLO. an eASnan9e
of dollars for q horse means the relative eA-
value Of gold fer the horse. "A
rise in gold will cause 1t to buy more prop
erty and property to buy less goid.
..Suppose ali the gold in the world were
except LOO gold dollars. and tne
demand for gold should remain whas ~ Is
now. with ali the nations scrambling for 1t
Then a single gold dollar would ouy the
state of Illinois. II all the god In the worio
were destroy ed exSept one soio collar, anu
the law recognized no other primary money.
this dollar would buy the hemisphere. so
the dollars rise In value as e4pEesseo IN
relation to other property.
with the strain that had been shared by
both metals before 1873 shifted to gold Alone
and with silver made mere token money
there came rise in the val,se of gold The
debtor could no longer regulate the demand
when value was expressed IN
terms of.noney 1t was to mean goio ine
which had walked on two legs.
had now to walk on one. TneL came tne oe.
cline in prices, for prices II the value OF
property expressed IN money. The value OF
property as compared with money has de-
cIined and gold has gone up. The equivalent
has followed the gold. as the tail follows
the kite. (Applause.1
Falling Prices and Debts.
ssF-allIug prices require more and more
property to pay debts. A debt contracted
In 1854 for 1900 could have been paid. had
not wheat declined, with ,00c bushels of
wheat. But with wheat declined 1t now
1000 bushels Of 1t to pay the same
debt. The effect of demonstration, there
fore. Is the confiscation OF the property OF
debtors. With falling prices the merchants
goods are worth less tn3n ne palQ 1oT tuems
and the manufacturer cannot afford to
work up his material But for falling prices
more taxes would have been collected. and
the debts of the nation. ano Of the states.
counties and cities would not have reached
their present frightful proportions Of $30,-
Doc, ,0O0, 600, when the total asse ssed value of
al the real and personal property In the
United States Is only $24 200 coz. 900.
when one Is stripped OF his possessions
and cannot find the wherewithal to COM
fort his family and to provide for his nat
ural wants he becomes desperate man. To
say that-he Is a poor citizen but feebly ex-
presses It. Such condition creates a loss
cs pride. When the information comes to
pee, accustomed to the ownership of a
nome, that he Is to lose that home after
years Of toll, and that information Is con-
veyed to such q persons wife and family.
who have worked hard and shared the tolls
and troubles of the husband and father
manner inexplainable-therc come with 1t
sadness, sorrow and distress. When tens
81 thousands in distress are multiplied into
hundreds Of thousands then there Is that
general feeling that comes rs IL some great
process had settled down
upon the nation. In the midst of it all we
hear the cry Of the creditor: Pay in honest
dollars. maintain your credit as people
The people redouble their energies. They
are all honest. They want to do what Is
right, whether real or seeming. but the
task of producing enough property to pur-
chase the enhanced dollar Is too great. and
they finally surrender their possessions
into the hands Of their creditors zap
plause.]
Result 10 Terrible.
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