Show DEBATE CLOSED harvey and tho last day both make able with the odds undoubtedly in favor of harvey chicago july 9 alie list day of the harvey horr silver debate opened this afternoon alie days stacks acro li at the question of the feasibility of independent action by the united slates un alio of silver end tree and unlimited coinage at n ratio of 10 to 1 with fold regardless of the action of other nations nat ionn alie discussion waa bv a statement that the figures on prices of corn to by harvey on a cornier day showed the liona for acnes of year biad been normal ones jn view of tho supply and demand and allowed that silver legislation bad rot liing to do with the matter in fact it impossible that silver legislation had affected hie price of agricultural products harveys figi iTes declared were made p from english not american prices on alie subject of city and farm tenancy and harvey quoted only a part ot A paragraph said the question at issue was not one of city but one of farm tenancy this tenancy averred wag Ti quoted by harvey to chow an increase whereat jhc thc re waa en actual decre aw aa bbown by the census tables harvey quoted thia statement in one of his cooke at coming from carrol D wright ho had written wright about it and he replied be made no Ite plying harvey sad he hail taken figure as published and attributed to he naked calr leaders whether they could jc relief on and alicy said they could since then he had direct ond fand ne he quotation had it fron the plates of lug book taking up regular presented a table showing the coinage of old and silver from to 1873 he did this to show that cold did not seek the mints the first fifty years of alie nation and silver did not froni that time till harvey then quoted from ilis book alie total amount of gold and silver in the world for coinage bees in view of the fact that alie amount diverted from coinage for use fn the arts biad greatly increased within tho poat yours sir cuming down to lie question in hand declared it was us eles to try tons the relative value of any two yb stances by legislation suppose somebody should try to alx the value bc A bushel of wheat and a bushel of oat one of them haid aa crop would go the ratio and legislation by lutc nations 0 world would not ali 1 a inure alian it would make atter run hall alie law of gravity stand in the a a it was in the matter of the dilver atud gold the law of supply ena demand stepped in anil in alie history of the worlds showed thamm was to a fixed ratio between the precious meal mr harvey raid that hen the matter conrad in tir last talk lie thought hie would be continuing line of argument harvey quoted er timatea as to alie consumption agold for use in tho arts and otherwise othe ruise and for hoarding to alie effect that these uses equaled it they did not exceed he production so that the amount of that helel foj coinage was nt a sir harvay took up alie question ae to nhat ia booming of the silver produced at prewit quoted statements by authorities alit of alie ue of alie in 1 anre id grown largo that thero were always a ridiculously mall supply in there was n demand lor practically nil of lie article alio macce produced air harvey raid eliat gold was irregularly and waa hoarded by the few Hil veron alie contrary was more valuable than gold alien gold waa of the people thereby conferring a general benefit jt was for th ie that dilver had been corp morp stable metal in alie chabi goj horr nauji that Us harvey had the unfortunate habit of thirry had no relation the matter with his cube argument ou gold fadd the be space which they would occupy had wehing to do with their value hie argument and referring to mr harvele Har veye statement that the re of silver would debts byi alf mr horr said that by far alie largest part of he debts in alie united v lets alian one year old the old atme debts were those ot largo corporation 1 elfort time debts were contracted under the existing gold basis and to reduce hem one half it would be to repudiate that one half mr harveya proposition would simply result in it biad been thought that it was possible to clip without injuring any loav that ha been proved fallacious hp declared abat cheap money could not be for good money without in jurina tip inasa of alie people alio people vito profit by such a change would nat bo ho rich but the money cli angers ill lien proceeded to lie of people who work for their livine arguing lt hey would be injured by cheap money mr harvey to hie cube argument it wae A valuable ob it showed eliat the childs could corner the gold of tho world ii their vaults who was it that clumped the eottie in 1873 who was it eliat established a robber standard jestam ing hie argument mr harvcy faid the gold advocates eliat debia contracted in gold would be paid in dilver ciul alie man alio had stipulated to pay sold bave to buy it at a premium ae toon ealyer was a inan could stipulate tor payment in alie the demand for goad I 1 believe would at the time alio demand for silver woula increase and acan alie difference a IK bv out alie would lip bc to gel more inguld tor ahat lie licul to 1 tb annor he not the stamp on the coin ahiel avo it the value but alie makiji mak iii of new ead new demand for it H at the net gen eral election a bimetallic should be lie rubicon would i the nest day silver would at owe begin to appreciate and cold to depreciate and tiey would be at a parity before alic meeting of congress as the greenback dollar became equal in value to the gold dollar before alie resumption act into orce mr horr resuming reiterated the statement that dilver bad nothing to do with value A diamond worth could be put into a effs mr entered hie enumeration of alio classes of people alio he declared would be ruined bv cheapening the measure of value they included laborer clerks railway employee domestic servants janitors jani tore and scrub women skilled laborera labor cra of all sorts agricultural laborers miners and the like in the aggregate in number in addition to theeo lie emoke of the pensioners of the government making a touching ref renco in doing eo to alio empty sleeves of alio veterans and alio black robed widows in number it was proposed to cut down the pension rolls by destroying alio of alie money in which they would be paid if this law were passed their pensions must be doubled or the kation disgraced in addition to these people had little in savings banks who it was proposed to defraud 0 one half of their tittle accumulations to alio advance in alie of domestic evants rv ants har vey said that woman had been weed to work for lier living mccaue the father and broth cra were out of work this had reduced the number of women available for domestic services and wages for anch services biad remained stiff or advanced taking up argument mr harvey aid that under free coinage eold would decline dilver and everything would advance it is claimed that if silver were granted free coinage our securities curi ties wold be thrown over the rule was eliat securities not thrown over on advancing prices hold was alio article to be got rid of for it alone would decline mr harvey asserted the demands of in thie country would absorb all of alio available tor coinage it nil ol 01 the gold and silver in the world were sent to our mints for coinage it would bo to the benefit of the united states and alio injury of the rest of the world money in circulation made briness bu iness he eaid just as life does not make blood but blood makes life mr horr resuming his argument after a liello badinage said the savings bank depositor had on t which it wag proposed to cut n two and loan had depositors with an aggie gate of due to them in addition to there there were alio trust companies life insurance co and state banks all of which were lo 10 bo allowed to pa fn depreciated money and the noncy in alie produces of every ands amfin in the united states was to be halved kriho eluo all of for alio benefit 0 tm pien why their output was not worth af as much ae abo oge yearly laid by tho hens of the united and wag about equal to alie crop hut the worst feature he asserted would bo alie destruction ot all credit it would brine about the worst the nation ever baw the paralysis of business would be complex com pleM tor 08 per cent 0 the business of alio world was done on credit mr harvey replying said thousand of men had been financially wrecked by their inability to keep up their life in em ance payments lie declared clial there was but ono crime than aliat of 1873 end that wa adil of air men who claimed lie of allver meant repudiation lie thanked mr horr for alie illustration as to alie email amount of in the united stoles that was the claim of alio silver men there was nn danger but that alic demands of business would absorb if thag alon could take all of alio silver which alio nation p the world would bring to 44 in exclia ngo tor pro durtA i n cincio year we rei those products and ask them to come again we thus all of the silver in alie world it nep siry this theory showed that th more primary monea had the more it As long as alo united states could n for silver at A ratio alie holders of couil not part will it or any lets it would five alie trade of the na alone ol 01 the world and control of corn coerce would be trail from in don to sew york it would increase our trade with alie gold standard nations of europe through our control of the products pio ducts of alie silver standard lr farr ain said tie spoke before not ot the aulty of top gilver in tho auntry in comparison nth ayea but of the amount of was a considerable difference n tho laying qualities of silver ana of agge the trouble mr horr declared that with reo eilber coinage gold woud leave the country and our busl u on a basis from the rest of the world ho thero was enough gold in the world for he transaction of legitimate business and alie annual output of the mints of alie was large enough to meet alie increase cf he worlds business in proof of this he the increasing of attica cuesta injia australia and the united states end to 1 of bew and rich ril iries since alio o 0 gold in alie world has increased from abou of dollars to over witia indications of rapid in creace new and now mechanism he were being developed rapidly to cheaply furnish alio gold cure lor mr harveys balyer jimjames jimjams jim jams mr harvey said that alie more rapidly alie blood coursed through tho body the more blood wae needed EO the higher the the more rapid the exchange of the more money checo theco exchanges required for their accomplishment mr harvcy bald eliat anyone who had occasion to look into the question of of the output of mines would not bo startled by mr elorre big figures he then quoted the of india under the silver standard eho wini n steady growth until the balance of trade turned til heir favor n 1873 he declared eliat it a a their use 0 and our comparative para tive dissiee of it had given such an impetus to india jamn and mexico ho declared lie was in favor of independent action by this government because it would ekht a great wrong because alie nation bo independent of europe wo fili bo freer from tribute paying to burcat britain because our lower ia suf to compel europe to como to our in order lo 10 do w etli us internal ba lancis were bellied bv weight anyhow thero was no such thing international money mr 1 hero was no sue general lack of prosperity to country mr harvey had mr horr said lie spoke alie ault ct contact with ahe people ol 01 ali 0 country 1873 he had travelled over apes ng states was a fact eliat io people on the fco of the earth liall leen oa aa the people 0 the united states since 1873 why during lie this people whom mr ey hl verso ot r i S f had PM f over for bicycles were nut strictly articles of necessity they were ho said ired somewhat or at ajr recreation and an ur view of lie human form divine mr leorr then proceeded to argue in behalf 0 the tingle standard for money abing aying that stability was tte chief merit and a table measure could not bei main talked with two standard ho asked take the ratio of 10 to 1 doubling dou bline as ia claimed property why not go back to alio standard of Itam csc 4 to 1 the whole theory was fallacious the coin must bo intrinsically worth it fica mr harvey eaid that money could not lo 10 classed witt weights and measure the bim atall on two metals and that standard was staple than a aa the pendulum pen dulom of alie clock was anale of ano detale to counteract each other the standard atan dard of anoney be double each acting on the other and preventing arre coinage the united states would tab lith a parity end then gold would bo found here the men abroad who had no silver would have cold it tin united states would take ita stand it p ove its self stronger than 1 ranee had promised iceland by mexico and youth america would be us combined they lo 10 co lurono to referring to sir horre reference to the pensioners mr harvey declared eliat appeal to the old eol diera would not affect them they ftp pa and they would think only of the wan t i and the eufie ringe ol 01 the people 0 alio nation and ifould be forgetful of them eely efi sir said that piker had had ite day as the money for redemption it would continue however to be used as amonoy lold was tho standard of alie world and lad to atay mr alien lo 10 mr harvey eaid ho wanted to reciprocate the courtesy of mr harvey in presenting him mr horr etith silver dollar mr horr said lie proposed to present mr harvey coins of two different me mr harvey waa a bimetallist mr horr alien handed two chinese coins one of silver 20 cents and one of copper worth one mill and proceeded to eay that the nation struck chefe coins had a silver standard it laborers a paid 2 per month the people did nol ride in carria pea its civilization biad gone to sleep tho coin presented him hy was struck nallon lt gilld ya but hie growth of lie chiv commerce had einan di cliance in the standard eliat standard te go d mr horr by mr harvey for the uniformly court coni had received from ilia opponent butrin g alio discussion discue sion mr ll arvey rising tor hia closing addres eam lie alic rom IC hayr of fw ching he to af clr horr to tho silver coine the united wae alie chief producer of silver until 1873 it was ano most sacred metal of our coinage it wag the of nil laluce in 1873 it waa struck down as caesar was by the degeer of an the told standard inen biad pet up a standard founded on a crime as a standard for tho morals of hie mitlon the metal in the coin given him by mr horr symbolized purity virtue and honesty jakini up alic closing argument mr harvey said lie wanted file ila to eav to the inan w ho contemplate il in hie ness to atie deed wa at hand and again comi to librn nd tu nation he that atti tilt anoney potter camean baid corruption it afta the same in all the opulent nation in 1873 wheat have pa nt the salary of alie president oday take busl iele of wheat to pay Cey elanda tala tv t v of mr harvey proceeded to denounce the presidents foreign and li ancala dc clarel that he friends j silver were the int tico fhe goopio atlie world over depended tho liberties 0 ho awo o 0 bo liberty loving into ll 11 strong hold wa beyond ex apt te ilind in the de alured that a grond 0 in deron dence in the waa needed 1 to recount atia story of the of lie declaration of independence in philadelphia ad alie ringing of alie bell by the old watchman with lucli dramatic effect taip pring Q 0 o 1 lie controversy it should bp efrid iho attendance nt the ecsi by card air ly and was limited tho capacity 0 hohal which was nhoun till pace atae generelly fully occupied |