_M. Edouard Cazalet_, banker of Milan (“Bimetallism,” page 14): “Since the value of all articles of commerce is represented by the currency, the value of these articles must fall in proportion to the reduction in the volume of the currency. Otherwise the moneyed currency could not possibly do the work which the two metals combined have previously performed.” _Dr. Soetbeer_ (German statistician): “The value of money has fallen through the issue of paper money as well as through the increased production of gold and silver.” _Leon Fouchet_ (1843): “If all the nations of Europe adopted the system of Great Britain the price of gold would be reduced beyond measure. The government could not decree that legal tender should be only gold, for that would be to decree a revolution, and the most dangerous of all, because it would be a revolution leading to unknown results.” _M. Wolowski_ (French Institute, 1868): “The suppression of silver would bring on a veritable revolution. Gold would augment in value with rapid and constant progress, which would break the faith of contracts and aggravate the situation of all debtors.... If by a stroke of the pen they suppress one of these metals [gold or silver] in the monetary service, they double the demand for the other metal, to the ruin of all debtors.” _John Locke_ (“Considerations, etc., in Relation to Money,” 1691): “The greater scarcity of money enhances its price and increases the scramble, and makes an equal portion of it exchange for a greater of any other thing.” 1690: “Money is really a standing measure of the falling and rising value of other things. If you increase or lessen the quantity of money current, then the alteration of value is in the money. The value of money in any one country is the present quantity of the current money in that country in proportion to the present trade.” _Adam Clark’s_ commentary on II. Matthew: “The scarcity of money in England in 1351 influenced Parliament to pass an act fixing a day’s labor at 1_d_. Twenty-four eggs sold for 1_d_; a pair of shoes 4_d_; wheat 3_d_; a fat ox 80_d_.” _Copernicus_, the astronomer (treatise “Monete Cudende Ratio,” addressed to the King of Poland): “Numberless as are the evils by which kingdoms, principalities and republics are wont to decline, these four are, in my judgment, most baleful: civil strife, pestilence, sterility of the soil, and corruption of the coin. The first three are so manifest that no one fails to apprehend them; but the fourth, which concerns money, is considered by few, and those the most reflective, since it is not by a blow, but little by little, and through a secret and obscure approach, that it destroys the state.” _Daniel Watney_, of England: “I cannot suppose that everybody is wise. Must think of the folly of the United States, when they were a debtor nation, in adopting a gold standard. They knew nothing about currency matters; they did not know it was going to increase their debt enormously.”