_A Georgia editor_ (speaking of the effects of contraction) says: “In 1868 there was about $40 per capita of money in circulation; cotton was about 30 cents a pound. The farmer then put a 500-pound bale of cotton on his wagon, took it to town and sold it. Then he paid $40 taxes, bought a cooking stove for $30, a suit of clothes for $15, his wife a dress for $5, 100 pounds of meat for $18, one barrel of flour for $12, and went home with $30 in his pocket. In 1887 there was about $5 per capita of money in circulation; this same farmer put a 500-pound bale of cotton on his wagon, went to town and sold it, paid $40 taxes, got discouraged, went to the saloon, spent his remaining $2.30 and went home dead broke and drunk.” _Arthur Kitson_ (“Scientific Solution of the Money Question,” 1894, page 284): “A restricted currency means restricted commerce; restricted commerce means restricted production, and restricted production means poverty, misery, disease and death.” Page 396: “The gold standard is a device of the bankers for the measuring of everybody else’s corn with their bushel.” _Sealy_ (“Coins and Currency,” 1853): “The commerce of the country is now in the power of the Bank of England as it was before in the legislature.” _Doubleday_ (“Financial History of England”): “We have already seen the fall of prices produced by this universal narrowing of the paper circulation. Distress, ruin and bankruptcy which took place were universally among the landholders whose estates were burdened by mortgages. The effects were most marked. Owners were stripped of all and made beggars.” _President Andrews_ (Eaton University): “Demonetization of silver was the hardest, saddest blow to human welfare ever delivered by the action of states. So long as gold is the sole standard of that money, so long these wrongs and sufferings must continue.” _James Mill_ (father of John Stuart Mill): “In whatever degree the quantity of money is increased or diminished, other things remaining the same, in that proportion the value of the whole and every part is reciprocally diminished or increased.” _Herbert Spencer_: “Barbarians do not want any money but hard money; semi-civilized people want hard money and convertible paper; but when the world becomes civilized and enlightened no other kind of money will be used but paper money.” [Illustration] VI. INTEREST AND USURY. “It is against nature for money to breed money.”—BACON.