41 8 THE IMPENDING REVOLUTION. 



tell you that the values of all property, the values of all 

 labor, the value of all things in commerce is governed by 

 the amount of money in circulation. If there is a full 

 amount in circulation prices are high, and the prices of 

 labor are high, but if you extract from the channels of 

 trade all the money there is in circulation, there would be 

 no sales; there would be nothing but barter, and that 

 would be confined to little localities; business would be 

 stopped and destitution and suffering would stalk through 

 our ruined land." Roger Q. Mills in his speech at Chicago, 

 August 2$th, 1888. 



u That prices will fall or rise as the value of money 

 be increased or diminished, is a law that is as unalterable 

 as any law of nature." Prof. Walker. 



41 If the whole volume of money in circulation 

 were doubled, prices would double. If it was only 

 increased one-fourth, prices would rise one-fourth. The 

 very same effect would be produced on prices if we 

 suppose the goods the uses for money diminished in- 

 stead of the money increasing, and the contrary effect if 

 the goods are increased or the money diminished. So that 

 the value of money all other things remaining the same 

 varies inversely as its quantity, every increase in quan- 

 tity lowering its value, and every diminution raising it, in 

 a rate exactly equivalent." -John Stuart Mill. 



" In the restless enterprise and activity which free and 

 ready money among the people produces, is found that 

 opportunity for labor and employment, and that impetus 

 to business and production, which bring in their train 

 prosperity to our citizens in every station and vocation. 

 New ventures, new investments in business and manufac- 

 ture, the construction of new and important works, and 

 the enlargement of enterprises already established, depend 

 largely upon obtaining money upon easy terms, with fair 



