Page 1 of 25 Jul 1895 Issue of Defiance County Republican Express in Defiance, Ohio

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Defiance County Republican Express (Newspaper) - July 25, 1895, Defiance, Ohio A a a a a for single copies 5 cents. Tie Defiance $1.50 per annul. Established 1857.Defiance, Ohio thursday july 4k 1895. Vol. . 3�� o Zeb especially Zyl in old of a Joi Zeis Irir Call at this office. I am always ready to show parties land in this or Paulding counties free of Cost. Now is your time to Purchase improved or unimproved lands at a bargain. We. E. Moll Over Bechely a drug store.001 i Defiance. Ohio. A a say you Wear shoes. Dollars ? shoe of so you like to work and make if so at Lyndes store 322 Clinton Street for july and August Clearing Sale you can make and save $ $. Lots and lots of the Best shoes sold for i Ess than gust. Come and see v the bargains. O Kiik prs Kak drs a Ftp drs Kai sinful habits in youths amp later excesses in manhood make nervous. Diseased men it up dec to ignorance and Folly in youth overexertion of mind and body Indue 2 a a it a 11 to u l 1 Edby lust and exposure Are constantly wrecking the lives and future snap piness of thousands of promising Young men. Some fade and Wither at an Early age at the Blossom of manhood while others Are forced to drag out a weary fruitless and pal melancholy existence. Others reach Matrimony but find no Solace or Comfort there. Theill a victims Are found in All stations of life a the farm the Vilice the workshop the pulpit pal the trades and the professions. _ i s s restored to manhood by <2 We. A. Walkes. We. A. Walker. Mrs. Chas. Ferry Chas. Feery. Before treatment after treatment divorced but United again to no names or testimonials used without written syphilis emissions stricture cured amp a i we. A. Walker of 16th Street says a a i have sniff feed untold agonies for my a Gay i was indiscreet when Young and ignorant. As a one of the boys i contract syphilis and other private diseases. I had ulcers in the Mouth and Throat Bone pains hair Loose pimples on face linger nails came off emissions became thin an despondent. Seven doctors treated me with Mercury. Potash Etc. They helped me but could not cure me. Or by it m a finally a Friend induced me to try amp Kergan. I heir new method treatment Creed me in a few weeks. Their treatment is wonderful. Ii Quot ii i yourself gaining every Day. I have never heard of their failing to cure in a single Coo i secures guaranteed or Money refunded. As ferry says a Quot i owe my life to drs. K. Amp "j1 if i Learned a bad habit. At 21 i had All the symptoms of seminal weakness and emissions were draining and weakening my vitality. I married at under it advice of my family doctor but it was a sad experience in eighteen months we were divorced. I then consulted drs. K. Amp k., who restored me to manhood i by their new method treatment. I Felt a new life thrill through ? were United again and Are Happy. This was drs. K. Amp Are scientific specialists and i heartily recommend impotency varicocele emissions cured Al i we treat and Aire varicocele emissions nervous debility &wtw5l weakness Gleet stricture syphilis unnatural discharges self abuse a a Idney and bladder diseases. 17 years in Ohio 200,000 cured. No risk Reader Hope Tare you contemplating _ Gap or in 4.u arring a Hus your blood been diseased have you any weakness fail ronsultastfsrp1 l�ey0\u whatsit Bas done for Osier it will for you consultation free. No matter who has treated you write for fun a Moat Irvin Iron v of charge. Charges reasonable. Books free a the Golden Monitor illustrated Onk j diseases of men. Enclose postage 2 cents. Sealed. Usu strata on si3? names used without written consent Pri-5 vate. No Medicine sent c. O. D. No names on boxes or Envelo opes. Everything confidential. Question list and Cost of treat a ring if free. A a s amp i to debate on Silver. First Day of the Harvey Horr controversy. Two champions join the issues. General positions of the disputants stated Battle hag s around the unit of value principally a Harvey contends that Silver was the i Novort a Metal in 1192 and Horr that the yellow Dollar was also a Standard of value. Copyright 1895, by Axel f. Hatch the first of the series of debates Between Hon. R. G. Horr and w. H. Harvey esq., author of a a coins a financial school a began in the Illinois clubhouse at 2 p. In. The chamber that had been prepared for the occasion was full to its utmost capacity of interested listeners. When the gathering came to order or. Thomas president of the Illinois club welcomed the guests of the club in a Brief address and presented the judges of the discussion Hon. H. J. Miller and judge w. A. Vincent. Judge Miller then stated the conditions of the debate which have been widely published the principal feature of the same being that the talks will be a a running fight a As it were. The judge then introduced Hon. R. G. Horr who opened the debate. Or. Horr proceeded to make a Brief statement defining the position he proposed to occupy in the debate. He said in part that a the foundation of the discussion upon which we Are about to enter is a Small Book published by or. Harvey my opponent and entitled a coins financial the real aim and object of that Book is to convince the people of the United states that this government alone should at once enter upon the free and unlimited coinage of Silver upon the old ratio of 16 to i. The Wisdom of such a course i dispute. Or. Harvey will still maintain the affirmative of that Issue. I will state in the outset that from the beginning to the end of the Book there is hardly a proposition made to which i give my consent. I propose to Controvert Many things which Are stated As facts and shall attempt to prove that the entire theory set Forth by its author if adopted by the people of this country would Lead Only to business disaster and financial ruin. I not now remember Ever to have examined a Book carefully in which i found so few statements that i consider worthy of belief and i certainly never saw so Many absolute errors crammed into so few laughter or. Horr said he did not oppose bimetal ism but believed in the use of both metals to the fullest extent that could safely be done that in All Large transactions Gold was the Best to use and that in All transactions Between nations the two metals should be used Only at their commercial value. He was a believer in an International agreement on a ratio and was a very Clear in my idea that until some such arrangement shall have been made it would be simply suicide for this nation to adopt a system of free coinage of Silver upon the old ratio a ratio which All the civilized nations of the world have Long since discarded. I not believe that any one government can fix the value upon any two metals and name a ratio which will be accepted by the people of the world or of the country itself so that the two metals will be used Side by Side. I not believe that Silver has been monetized anywhere in the world. I believe that the Law of 1873, which or. Harvey a Book denounces As a a crime a was honestly conceived openly advocated and passed by the american Congress after full deliberation and because the people at that time who held seats in the american Congress believed that such a Law ought to be enacted. I believe if our nation should adopt the course advocated in this Book it would seriously injure the entire wage earners of the United states. I shall deny most emphatically that the great majority of the people of this country Are in debt and shall insist that three fourths of the american people Are creditors and not debtors. I will state still further that if this Book about which we Are going to debate is True then i am All wrong. Laughter it seems to me to be devoid of business sense from beginning to end and i shall enter upon the work of attempting to prove that and Hope to be Able to in language that shall be so Plain and explicit that my fellow citizens will be satisfied that i have accomplished my or. Harvey i am Here to defend the facts and principles in a a coins a financial i expect to make Good in this debate the following propositions 1. That Silver and Gold Are the Money of the Constitution. That the Silver Dollar was the unit of value in our coinage system in this country from 1792 to 1873, just As the Yard Stock was the measure of length. That Gold was measured in this Silver unit and concurrent coinage Given to it Gold. That Silver and Gold combined constituted the Legal Standard of value in this country till 1873. Silver measured Gold the two together measured All other property. 2. That the act of 1873 was surreptitiously passed. 3. That during the period 1792 to 1873 the mints were opened to the unlimited coinage of both metals into primary or redemption Money and that both were treated As such. That during that period peo had a right to have either Metal coined lbs. Kennedy amp Kergan,1 a amp a drs a =pr5 a a amp a prs Al for Sale. Pure bred White leghorn eggs at 50 cents per set or 75 cents packed and delivered for shipping. Also a few Bronze Turkey eggs. F. A. Goddard Defiance o. Farm near Brunersburg 20-2m or. Prices Cream baking powder world s fair highest medal and diploma. A horse kicked h. S. Shafer of the Frenyer House Middleburg n. Y., on the knee which Laid him up in bed and caused the knee joint to become stiff a Friend recommended him to use chamberlains pain Balm which be did Ami in two Days was Able to be around. Or. Shafer has recommended it to Many others and says it is excellent for any kind of a Bruse or sprain. The same remedy is also famous for it cures of rheumatism. For Sale by to. L Scott. July chamberlains is the Best of All. A bark of Danbury Iowa has used chamberlains cough remedy whenever in need of a Medicine for coughs and colds for the past five years it and says a it always helps me out. If any one asks me what kind of a cough Medicine i use i to div chamberlains that is the Best of ail 25 and 50c bottles for Sale by j l Cott Shiloh a cure the great cough and croup cure is in great demand. Pocket size contains Twenty five doses Olny 25c. Children love it. Sold by druggist. 24-Ly authorized agent. Jesse Benner of Tiffin township is the duly authorized agent for the Republican express in that township All business concerning subscription transacted with him. Will have careful attention. Of use or. Miles nerve plasters for spinal Wearn Ess. All druggists sell Mem for 25c. Coughing leads to consumption a Emp a Balsam stops tile cough at Nee. N9-Ly Diax a. I weakness easily cured in or 1isl or. Miles nerve plaster last june Dick Crawford brought his twelve months old child suffering from infantile diarrhoea to me. It had been weaned at four months old and being sickly every thing ran through it like water through a Sieve i gave it the usual treatment in alien cases but without Benefice. The child kept growing thiner until it weighed but Little More than when born or perhaps ten pounds. I the started the father to giving chamberlains Colic cholera and diarrhoea remedy. Before one bottle of the 25 cent size had been used a marked improvement was seen and its continued use cured the child. Its weakness and puny Constitution Dis speared and its father and myself believe the child a lifts was saved by this remedy. S. T. Marlow. A d., Tamaroa 111. For Sale by j. J. Scott. Jul Lagrippe. When the system is shattered by the ravages of this dread disease recovery is hindered by impaired digestion dyspepsia and other stomach troubles. Heart liver and kidneys fail in their functions because of bad assimilation of food. A Good appetite firm nerves mental and bodily vigor May be regained by the use of Lyons seven wonders. W. C. Burk a prominent druggist at Thorntown ina., says a last january after Lagrippe i was left in a terribly weakened condition. I took numerous remedies without getting any Relief. Lyons seven wonders restored me to Complete health and has Given new vigor to my entire you can get this remedy of your druggist one Dollar a Box 6o doses or address the Lyon Medicine go. Udia Polis Iid. We guarantee this remedy to Okum or Money reloaded. Into full Legal tender Money and that the option was with the debtor to pay in coins of either Metal. 4. That this bimetallic system made an unlimited demand for both metals to be coined into Money increased the demand for these metals and so Long As this Law authorizing any one to Coin 371% grains of Silver and 23 2-10 grains of Gold into a Dollar there was no one willing to sell either for less than a Dollar. 5. That the option to pay in either Metal caused the cheaper of the two metals to be ised and transferred the demand from the dearer to the cheaper Metal and restored its relative commercial value. We Are called Silver men because we Are defending the Metal that has been monetized but we Are nevertheless for both Gold and Silver. 6. That it is to the interest of the United estates to act independently in the re monetization of Silver at the ratio to Gold of 16 to i without waiting for the action of any other nation. 7. That Mono Metallis consists in the use of the dearer of the two metals to the exclusion of the other As primary or redemption Money. That Mono Metallis is an Experiment on trial for the first time in the history of the world and began w Ith the period 1873. That it is impossible and impractical As a stable Money measurement of values is not based on scientific financial principles is in the interest of he Money lenders and against the property owners and labourers. 8. That the Gold unit As the measure of values with no concurrent coinage of another Metal to assist it in performing the functions of primary Moody has caused the fall in prices As compared with 1872, when the worlds prices of property were measured in the Money mass of both metals. That All prices of property and labor have declined accordingly As compared with 1872, except when held up relatively combines and trusts or special reasons affecting a particular service or property. That the average Price of All production except Gold will show this decline in adjusting itself to the Gold Standard. And that when we include in labor the unemployed and the time lost by those employed there is a fall in wages of on half As compared with 1872. That labor Isy adjusting itself to the Gold Standard measurement of values. That the Gold Standard is confiscating the property of the people and deprives labor of work. 9. That the decline in prices covering a period of Twenty two years has As a Rule made All classes of productive mercantile and manufacturing business unprofitable. That a falling Market covering a Long period destroys the prospective profits based on Cost of Purchase and production and a majority of our most astute business men cannot avoid failure or loss of capital under these conditions. 10. That it has worked a hardship and injury to debtors who unconscious of the causes that continuously reduced the prices of their property have contracted debts during these Twenty to years. That this fall in prices causes a sacrifice of property to Purchase the dollars with which to liquidate these debts. That this has caused the renewal of debts the contraction of new debts to pay old debts and an enlarged volume of All debts. That this unjustly takes from a debtor is property and emphasizes the importance of a stable Money measurement of value. 11. That in the end none is benefited by a fall in prices but the Money Lender the owner of Money and securities payable in Money fixed incomes. 12. That the foregoing facts and conditions produced by a change in our Money measurement of values will impoverish the masses of the people and Points by reason of the disturbances it will produce to the overthrow of the Republic. That the free coinage of both metals by this government in Tho ratio of 16 to i will Restre Prosperity to this nation. Or. Horry before entering upon the discussion proper i desire to Call the attention of my opponent to the manner in which this Book is written. Or. Harvey the a school is allegorical it marshals the opinions of the two sides of this controversy. It puts in the Mouths of the Gold Standard advocates their Well known views fairly stated with which the country had been flooded up to the time the a a school was written. 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 allegorical. Or. Harvey illustrated by referring to Aesop a fables Robinson Crusoe and other books which though net actual fact taught great lessons. He also referred to Shakespeare and to poetry in general and concluded As follows a if it is charged that actual characters Are used in the Book while similar books use fictitious characters the answer is that the Well known utterances and opinions of these men Are used and the further answer that Shakespeare used actual or. Horry i desire to say that to me the excuse is a very lame one. I am somewhat familiar with fiction have heard of Shakespeare before but nowhere in the history of All literature can you find another instance of a Man selecting his immediate neighbors and putting words into their Mouths which they never uttered and then publishing it to the world. He says that he put into their Mouths the words they themselves would have uttered. I have had that done for me so Many times in my life that i know what it Means. I never yet had a fellow state what i would say if i had a Chance who got anywhere near what i wanted to say myself. But now i come to the motto of the Book which is this a i thank thee of father lord of heaven and Earth because thou Hutst hid these things from the Wise and prudent and Hast revealed them unto i would like my Friend to Tell me Why he used that motto. Does he desire to intimate that the kind of finance which he teaches is something that Labes will understand but that people who know anything will never be Able to comprehend applause and laughter. Is that his idea a or. Harvey or. Horr misinterprets the meaning of that verse. The word a a babes is intended to mean the pure of mind and unselfish. It is in that sense that it is used in the Bible and Means that those pure of mind and unselfish can see clearly those things which the impure of mind and selfish cannot see or understand. A in carrying out the idea of an illustrated Book an illustrated preface was adopted to show the Rise and decline of civilization concurrent with an increase and decrease in the volume of primary Money. I used Only sufficient of the authority to establish the principle to be taught and that space would permit. The authority used was the report of the monetary commission appointed by con Gress in 1876, reported in 1877 and published in 1878. The copy used had the Date of its publication on the cover and that Date was Given in accrediting Tho authority. I now read from the report the paragraph from which the abbreviated statement printed under picture in preface was made. It begins with the last two lines on Page 49, and is As follows a at the Christian Era the metallic Money of the roman Empire amounted to $1,800,000,000. By the end of the fifteenth Century it had shrunk to less than $200,000,000. During this period a most extraordinary and Baleful change took place in the condition of the world. Population dwindled and Commerce arts wealth and Freedom All disappeared. The people were reduced by poverty and misery to the most degraded condition of serfdom and slavery. The disintegration of society was almost Complete. The conditions of life were so hard that individual selfishness was the Only thing consistent with the instinct of self preservation. All Public spirit All generous emotions All the Noble aspirations of Man drive led and disappeared As the volume of Money shrunk and prices fell. Quot history records no such disastrous transition As that from the roman Empire to the dark Ages. Various explanations have been Given of this entire breaking Down of the framework of society but it was certainly coincident with a shrinkage in the volume of Money which was also without historical parallel. The crumbling of institutions kept even step and Pace with the shrinkage in the Stock of Money and the falling of prices. All other attendant circumstances than these last have occurred in other historical periods unaccompanied and a followed by any such mighty i now pass the Book tour. Horr. Applause , i desire to state that my Friend has spent hi3 whole time answering something that i never mentioned or said anything about. I merely called his attention to the use of the passage of scripture which he has now fully explained by saying that the passage does not mean what it says. My next quotation now i find still before you get to the body of the Book. It is this a fall Money is a medium of Exchange to to primary Money Only is the measure of i would like to have him Tell us in a word what he Means by primary Money. Or. Harvey the question asked is a part of the main argument in the Book and it would be out of place for me to answer this question now and would disturb the logical arrangement of the argument As outlined by the Book. Or. Horry i have not succeeded in getting very much information. If i did not misunderstand him in his previous remarks when he Laid Down the positions he was going to occupy he for the first time in those remarks gave his definition of primary Money. I submit to the reporters that he said a primary or redemption Money in the course of the explanation. If i am right then it is redemption Money which he refers to in this motto. If that is what he Means then i Call his attention to the fact that the statement itself is not True. A fall Money is a medium of it is True that far. But primary Money Only or redemption Money Only is not always the measure of value. We sometimes live and business for years and the measure of value that we use is not redemption Money at All. I lived seventeen years from 1862 to 1879 and saw the business of this country for years All transacted in Money that was not redemption Money but every Dollar of it had yet to be redeemed. The greenbacks that we did business with in 62 to �?T79 deprecated in value and yet we used those promises As the measure of the values of this country. The measure of value Isnit so abstruse As some people think. The measure of value in every country is the term that the people by common use come to understand As meaning a certain definite thing. What is Money every writer that i am familiar with admits that originally Money was always some substance that possessed value it must of necessity be so. You could not have a Yard stick that did not have the length because the Yard stick is to find out the length of goods. A Quot when we wanted something to measure values with hat is when the human family wanted something they necessarily selected something that possessed some value. Almost every article in the world has from time to time been used As the measure of values. Now Gold and Silver finally came to be used As Money simply because they were the Best adapted for Money uses of any substance that the would had Ever discovered. Gold and Silver were not the first Money. Originally Copper was More universally used As Money than either of these metals. Or. Harvey i will now define what is Money is a medium Exchange and a measure of value. To understand the importance of Money we must consider the conditions that would exist if we had no Money. It would then be a matter of barter and Exchange of one kind of property for another. Needing the wheat of your neighbor you might offer him in Exchange your horse but not needing your horse he would refuse you his wheat. You would then have to continue looking for a Man having wheat who wanted a horse. Under these conditions there being no Money Commerce would be sluggish if it moved at All. There would be no practical method for paying labor in the thousands of industries including Type setting. Hence there would probably be no books or newspapers and if published no convenient Way to pay for them. We thus see the necessity for Money. Or. Harvey enlarged upon this Point to son a extent and then said we thus have three Points of difference first As to what Money should be made of second the Quantity third the Laws defining its use and intended to protect it from being diverted from the functions for which it is created. Under this last head comes the question whether All Money should be issued by the government or All or parts of it should be issued by private parties and corporations. The necessity for Money the fact that it is the organic fluid of society should make it solely a creation of the government. Applause it should become a fixed principle with us that the issuing of Money is an act of sovereignty. Our monetary system should be fixed upon scientific principles by which every Dollar is As Good As every other Dollar. Applause or. Horry there is quite a Large por Tion of that essay that is True. It is True that Money is the Lifeblood of Commerce and of business. It Isnit True that Money can exist Only when it is created by Law. Money does not have to be made a Legal tender to make it Good Money even. Legal tender is used for the Sake of adjusting disputed accounts. But Legal ten Der Laws except in times of National calamity Are never needed to enforce the circulation of Good Money now i done to dispute the fact that the government should regulate Money. I am not for the purposes of this debate going to go extensively into the question of whether All currency should be supplied by the govern ment or whether it should be done by corporations and regulated simply by gov eminent Laws. Now we come to the first real question under debate. Or. Herr then went into the establish ment of a c currency system for the country after Independence had been gained he showed How the Decimal system had been adopted and told what an amount of discussion took place Over the matter his argument was to prove that a bimetal list had been established in 1792, and that Harvey a Contention was that Silver Mono Metallis was established at that time. Harvey contended that the Law that a Stab listed Silver As the Standard and he quoted the Law of 1792, Albert Gallatin chief Justice Chase the Chicago Tribune and finally Horr himself to prove his position Horr said the intention was to establish bimetal ism. The two contestants were still in the unit when the Fitt Daf it a Kate closed. The second Day of the Silver debate opened with or. Horr in Possession of the floor. He immediately referred to the historical statement read by or. Haney the Day before regarding the condition of the world from the beginning of the Chriatian Era to 1530. He said a let the an 8wer be Given from Good authority. Hal lamps a Middle Ages a volume 2, Page 555, in note says pm. Laber Mem. De in acad Des inscript., Neuvelle serie Xiv 230 calculates the Power of Silver under Charlemagne compared with the present Day i children cry for Blue vitriol London purple insect powder Paris Green hellebore Etc. At Scott a drug store mr8. J. P. Belly Ossau atomic. Bam. Wife of the editor of the graphic the leading local paper of Miami county writes it Tea troubled truth heart disease for six years severe palpitations shortness of breath together with such extreme nervousness that at times i would walk the floor nearly All night. We consulted the Best medical Talent. They said there was no help for me that i had organic disease of the heart for which there was no remedy. I had read your advertisement in the graphic and a year ago As a last resort tried one bottle of by. Miles hew cure for the Hearty which convinced me that there was True Merit in it. I took Throe bottles each of the heart cure and restorative Nervine and it completely cured me. I sleep Well at night my heart beats regularly and i have no More smothering spells. I wish to say to All who Are suffering As i did there a Relief untold for them if they will Only give your remedies just one or. Miles heart cure i3 sold on a positive guarantee that Tho first bottle will Benefit. All druggists sell it at la 6 bottles for $5, or it will be sent prepaid on receipt of Price by the or. Miles medical co., Elkhart Inch or. Miles heart cure restores health have been la to i. It fell afterwards to 8 and continued to sink during the Middle Ages. The average of prices during the fourteenth and fifteenth centuries was 6 to i. The Price of wheat from the eighth to the fifteenth Century thus doubled and the Valu of Silver decreased to one half according to Hallam and this renowned French authority. This is the exact opposite of the statement which or. Harvey makes without citing one leading historian or economist or statistician past or pre sent. A let us turn to a third authority one accepted by men the world Over. I cite from professor James e. Thorold Rogers the political economist and historian. He tells us in his a economical interpretation of history a Page 262, that from 1261 to 1400 the Price of wheat per Quarter averaged 5 shillings 10% Pence and in Tho next 140 years averaged 5 shillings 11% Pence. The Price of Lead was in the first period 90 shillings 9% Pence per Fother on an average and in the latter 104 shilling 4% Pence. A More marked Advance occurred in the years 1500 to 1540, years uninfluenced by the Silver treasures of America which Adam Smith says did not affect prices in England before 1570. Rogers a six centuries of work and wages a Page 343, says a now it is Clear that prices were rising though slowly and moderately during the first forty years of the sixteenth Century in the first decade the Money value of the principal necessaries of life Corn and wheat were at the ratio generally speaking at which they stood for two centuries. In the last decade 1530 to 1540, they lad risen by 20 to 40 per cent a professor Rogers says a the fifteenth Century and the Early years of the sixteenth were the Golden age of the Artisan and the in the a economic interpretation of history a Page 34, Rogers says in speaking of the status of labor ers of 1495 it is a considering the cheapness of the times exceeding Liberal. At no time in English history have the earnings of labourers interpreted by their purchasing Power been so considerable As those which this act acknowledges. At that time Rogers shows this purchasing Power of wages was substantially 50 per cent higher than the average for the 280 years 1261 to 1540.�?� or. Harvey what year was that or. Horry that was in the fifteenth Century that was the time when you say everything was going to the Bow wows Horr quoted other authorities in the same line of argument and then Harvey took the floor. He said he read from the report of the monetary commission of 1876, including the historical quotation just referred to by Horr a not for the Pur pose of entering into an argument on political Economy of the years 1400 to 1500 but simply to show that All of my friends from new York and elsewhere who have accused me of forgery were wrong. Or Adam Smith an Able historian whose work i put in or. Horros hands yesterday confirms All that there is in that monetary commission. Page 117 gives you the table of the Rise of prices that contradicts every thing that or. Thorr has said Here. The encyclopedias in your libraries will con firm that report of the monetary commis Sion and contradict everything that or Horr has remarking further that he did not expect to be diverted to answer i revelant matter he proceeded to recapitulate the debate of tuesday saying a thus far we have considered two questions Gold and Silver As the Money of the Constitution and the unit of value in our monetary system fixed by the framers of the Constitution and what existed As cur monetary unit from 1792 to 1873. The debate is of value thus far in eliminating the doubt that has existed on these two Points in the minds of the people a doubt that has been produced by misrepresentations made by those advocating the Gold Standard. A Reading of the debate thus far settles these two questions in favor of the Book we Are discussing. A Gold and Silver have been honest Money for centuries and under free coinage and equal treatment they have been practically at Par with the Legal ratio fixed for their coinage under these Laws both were Money in their own right each having equal purchasing Power and both adapted to use As Money. Population and demand on the Money Market Are growing every year and there was no Good reason for debasing one of these metals discriminating against it and destroying the demand for it that gave to it its value in the Horr expressed Surprise that Harvey a after taking so Long a time yesterday to prove to the people of the United states that the year before the discovery of Silver in the world Silver Money had become so scarce that the people were on the verge of starvation should now accuse me of he said that this showed a that wheat had been steadily advancing instead of going Down As you claim. Now i proceed. The next thing i desire to Call your attention to is the matter we were talking about when we closed last night. The question whether the framers of the Bill of 1792 intended to establish two measures of he referred to the decision of judge Vincent on the question submitted to him some time ago to decide a bet As to which was Tho unit according to the Law of 1792. The judges decision was that the unit was the Dollar to be expressed in both Gold and Silver. Hon then said Quot now i have before me a letter of or. Leach who Ess for Many years the director of the mint a Man whom i know Well and who is considered autonomy on ail the Money matters in me United states. He takes precisely the lame View that judge Vincent took. He fells us a if As or. Turck says the Silver Dollar was the unit which i assured the value of the Gold coins from 1792 to 1873, what becomes of the act of Hilary 18th, 1837 supplementary to the act of 1834, which changed the ratio in coinage to 15.98 to in which act no reference whatever is made to unit but in prescribing the Silver Coin says a the Dollar shall be the weight of 412 6 nothing about and the Gold coins the weight for clause coma be easily repealed or limited under the Purchase clause and this was j subsequently Horr nere again came in and quoted the j a a school As saying that a on account of the Scarcity of Silver both Jefferson and Jack a on recommended that dimes quarters Sud halves would serve the people better than dollars until More Silver Bullion could be i obtained. This was the reason Why Only i about eight millions of the eight Hundred and five millions of Silver was coined into this was on Page to of the j then Horr quoted from Page to Quot the table j from Mulhall the London statistician in which you show Silver was not scarce at that time. You show it was with one exp caption the most plentiful that it had been j at any one time during the experience of i the Horr proceeded to say j that if Harvey had turned to the mint re a ports for 1893, Page 88, he would have i f,0ljn to lat be director of the mint says a no Issue of Silver dollars was made from the mint from 1805 to 1836, the coinage having been suspended by the direction of president Jefferson owing to the fact i now Mark a that their Bullion value being greater than their face value they were purchased for a i in explaining his statement that Silver was scarce when the coinage of the Dollar the Eagle shall be 258 grains and that for j was suspended Harvey said that it was scarce in the United states although abundant in the world. He then returned to Silver monetization in 1873, but gave Horr the floor. In taking up the subject Horr said he proposed to show Quot that no Law has Ever been passed by the american Congress which was Freer from taint which was More carefully was More completely and fully understood than the Law of 1873. The statement which he read to you that the scheme was concocted in London is a simple assertion upon which he cannot produce one scintilla of respectable truth not one a the Law of 1873 had its origin As All such Laws have in the brains of experts. The question of coinage mintage is a most intricate one a complicated one and usually it has been decided by a few men who have studied the problem laboriously. All the men who Ever assumed to be Able to discuss the matter intelligently in the Early Days of the Century could be counted on the fingers of my two hands. At their head stood Hamilton the moral uses Jefferson and Gallatin. And so complicated was the question that no two of those patriots agreed about any one feature of the measure when they first commenced discussing it. In 1834 the Law As to mintage was changed in a material manner for the first time it was done by decreasing the amount of Gold in the Gold Dollar. It was i done because experience showed those peo a pie that the cheap Dollar which was Sil i ver had driven the Gold currency out of the United states. A several members of that Congress in slated that if the ratio was made 16 to i i Silver w Koukl leave the country and that we would be doing business very soon upon i a Gold basis and with Gold currency Only. All sums whatever the Eagle shall be Legal tender of payment for ten dollars. The True reason that the Gold Dollar was reduced in weight in 1834 to conform to the new ratio rather than the Silver Dollar was that Gold being undervalued by the ratio of 15 to i Gold coins constituted no material part of our a a just As i stated last night exactly. A the bulk of the circulation in 1834 consisted of Silver coins and it was easier practically to change the Gold Dollar than the Silver Dollar. Doe not or. Turck perceive that this claim that the Silver Dollar was the unit of value is inconsistent with the bimetallic system the bimetallic system presumes a unit of account a unit of name or number to be represented in coinage by a Given Quantity of Silver of either is the sole measure the system is not bimetallic Quot Horr then quoted Knox Deputy comptroller of the currency in the mint report for 1868-84, to the same effect and said Quot this was written before this discussion on the subject of monetizing Silver at All written by an expert upon this very subject and again in the same report he states a the present Laws consequently authorize both a Gold Dollar unit and a Silver Dollar unit different from each other in intrinsic that wa3 the reason he proposed the Law of 1873.�?� Harvey said a yesterday or. Herr admitted that the Silver Dollar was the unit of value and the record of yesterday shows that. Now in View of his attempt to try to twist something Back into the discussion by which we Are to believe him As saying one thing yesterday and something else today i leave him to such Fate As the readers of this debate think is Harvey said Horr was trying to discuss bimetal ism before its time in the debate. But it was done and As those men pre that subject was in the second chapter diced Suver c�,as�,.to be to Masut of United states. I done to say of the Book and would be discussed at the proper time. He said he wanted to take up the subject of monetization a that was the agreed subject for the Day. Horr denied his but Harvey went on to discuss the act of 1873. He said a to understand How Silver could be monetized in this Republic the Reader should understand that we had then paper Money and no Silver or Gold was in circulation except in California. The conspiracy to monetize Silver originated in London. European financiers had discovered that the monetization of Silver by England had no effect in or. Harry a ceased to be the Legal Why simply because they could sell the Silver Dollar and get More Gold dollars for a Quantity of Gold dollars than the face of the Silver dollars called for. They changed the ratio then and it was not changed again until perhaps 1s53, when they passed a Law providing for the subsidiary coinage of Silver. This was done Horr said to prevent people from melting the subsisting Coin and Selling it As Bullion thus getting More for it than could be obtained for it As Coin As it was As Good in weight and the commercial parity of the two metals at fineness As the Silver Dollar. To keep sub the ratio fixed by France. It was therefore current that in order to break the commercial parity and substantially depreciate Silver All of the great governments would have to be included in the legislation needed. A Good Deal of diplomacy concealment and misrepresentation wa3 practice in securing the co operation of politicians in Germany France and the United states. A following his trip to London and Paris or. Sherman introduced a Bill in 1863 that was on its face intended to establish the Gold Standard. Senator Morgan of new Sidary coinage i circulation Congress re Sidary coinage in circulation Congress re Harvey Here took up the talk and said referring to Horros statement that Here was no proof of the alleged monetization conspiracy that he once heard a lawyer say that to a detect the criminal look for the Man that is benefited by the England first monetized Silver. Quot London Bankers initiated the Paris conference of 1867, at which or. John Sherman was present therefore i have the right to say the conspiracy originated in referring to Horros statement that the York jumped on it in the finance comit science of Money was hard to understand tee. Sherman saw that Morgan understood genuine bimetal ism and this Bill died that Day and was never heard of again. Senator morgans term of office expired in 1869, and the very next session another Bill made its appearance. The Bill this time went to a committee in which the second attempt to leave out the Silver Dollar was again discovered and it was inserted at the ratio of 15 4 to i. To Knock this Dollar out surreptitiously at the last moment then became the plan of the Here Horr interrupted to Call Harvey a attention to Page 9 of the a school a which says that about $100,000,000 in foreign Silver had found its Way into our circulation prior to 1860 and had been made Legal tender by an act of Congress which act was quoted. Horr said there was not an it in the currency Laws of the United states that made foreign Coin Legal tender and thought that a a coins had not fully quoted the Law leaving off the very part that restricted the Legal tender Quality of foreign coins. The Law As quoted by Horr made Harvey said that was the argument of the selfish Money Lender. He said a you who study chemistry and can understand the most difficult problems of science chemistry and other sciences that would make a banker a head dizzy to contemplate you we Are told cannot understand the simple proposition of Money that which you come into the use of every he quoted one member of Congress in 1873 As saying of the monetization act that Quot the introduction of this Bill at the present time either Means a trick or is a farce worthy of being caricatured by Thomas this closed the debate and half an hour or so was spent in replying to questions from the audience. Among these asked was one by b. Gunn of Kansas City whether during the period from the time Jefferson closed the mints to the coinage of the Silver Dollar inl840�? 34 years there was free and unlimited coinage of Silver. Harvey said a emr. Jeffffer3on did not close the mints that could Only be done by an act of Congress. Or. Jefferson directed a a ,.a athe mint directors to Coin the Silver that a fall foreign coins named in the act Legal. A. J came at the option of the people in fifty cent pieces and less. You need net Coin tender if they come up to a certain Standard that is if they have so much Fine Gold and so much Fine Silver in them and if they Are Worth so much then and not this matter came up several times during the discussion Horr insisting on getting it right As he stated. Harvey explained by saying that All that was done was to test the foreign coins to see what they were Worth in our currency. Horr then referred to the Law of 1857, which required the Treasury to melt up All foreign coins and recon them All. He had another objection to the quotation in it did not quote the whole Law leaving out Gold which was mentioned in the first Section. Harvey said he had quoted the whole Section but trying to direr him Rem the regular work i a had not quoted the who tatar ill a a it Al % of Tiv Jet w 4 a 4 it a Vawn. We w. W w Waw lir Vaw a Kim i i x u 4 i t j closed the subject for the session by say before us when it is the very work he him self he then read from from. George Gunton author of a wealth and Prosperity a Page 140. A that in 1496 wheat was five shillings and five Pence has Penny and in 1514 it was five shillings and four Pence. If we take the average for the decades in which each of these years occur which is still better we will find the result to be the same. The average Price of wheat from 1441 to 1450 was five shillings and three Pence and three Farthings from 1491 to 1500 it was five shillings and three Farthings and from 1511 to 1520 it was six Millings and eight Pence three pitchers Castor in. Ing that he quoted Section 7 correctly there was in another Section he did care at but. Resuming the subject of Silver dem Tiza Tion Harvey said a the intention o conspirators was to strike out ser a Ingle line providing for the alive the size of a French five franc pie with the Bill thus enrolled the would be closed by its terms to copt the Trade Dollar. To Mal hat not Mone of the by the or Dollar Ece and t mints i ver sex the Bill operative in this respect when the clan lard Silver Dollar clause was erased a Section was inserted in the latter part of the measure that there should be no Coin struck at the mints except those Hereinbefore provided for. The Trade Dollar we a single unit and yet by Law the 371% grains of Silver could be the unit of value regulating All other coins All compared to it in Legal and commercial ratio. The act 1873 made the Gold Dollar the unit and now by the act of september 15, 1889, it is unlawful to Coin a Gold Dollar. So that we now have a unit of 23 2-10 grains of Gold and Congress has said that the mints shall not Coin any of a question by James Ballinger was Quot Why have i had so Little Silver or Gold since the passage of the act of 1873?&Quot it was to both Horr and Harvey. Horr said he Tell unless he was informed Bow Bollinger had been behaving since that time. Harvey said Quot because have been on a Gold or. Mot Smyer of Shoals ind., asked of the debtor previous to 1873 had not Tho right to pay his debts in the cheaper Metal. The reply was from Horr that it was perfectly proper and natural to so pay. had the floor again at the beginning of the third Days debate on the Silver question and began the Days talk with a personal explanation. He said a previous to entering upon a discussion of the Law of 1873 i desire to state something As to my personal relations in this debate because my opponent yesterday stated or. Horr has Only taught in this debate a proposition that is in the interest of every selfish Man ay-1 Ender in the world to adv continued on Page 8. J

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