_Henry Clews_, Wall Street financier (March 16, 1895): “Wall Street keeps a quick eye upon the prospects of the suggested international silver conference. It sees in the adoption of a world-wide policy of bimetallism the certainty of a material increase in the metallic money of the commercial nations, and assumes that, in such case, there would be a general rise in values and a consequent speculative boom of wide dimensions.” _Franklin H. Head_, of Chicago (business man): “That an increase in the quantity of money reduces prices, and a diminution lowers them, as stated by Mill and other economic writers, is the most elementary proposition in the theory of currency, and without it we should have no key to any of the others.” _Amasa Walker_, of Massachusetts: “Other things being equal, the amount of currency in circulation determines the prices of everything that is for sale; and these are increased or diminished as the volume of the currency is increased or diminished.” _A. B. Hepburn_, of the United States Treasury (_Forum_, 1894): “When credit is withheld a money stringency is easily created.” _Prof. William G. Sumner_, of Yale (“History of American Currency,” page 205): “In 1872 this issue was forced out of between forty and fifty million, reducing a redundancy and enhancing retail prices.” Page 211: “The war being ended, the financial question took this form: ‘Shall we withdraw the paper, recover specie, reduce prices, lessen imports and live economically until we have made up the waste and loss of war? Or shall we keep paper as money?’ Mr. McCulloch proposed to contract inflated paper and pursue the former alternative.” Page 221: “The whole story goes to show that the value of paper currency depends upon its amount.” Page 329: “If, therefore, a nation has a specie currency, a drain upon it by an adverse balance of trade, a foreign payment, or any other similar cause, would immediately produce a lowering of prices and a return of current specie until the natural level was once more restored.”