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It is a noteworthy fact that all of these things were done with a per capita taxation of about $2.24! Another fundamentally important aid to the commercial development of the islands was afforded by a radical reformation of the currency. The islands under the sovereignty of Spain had their own distinct silver coinage in peso, media peso, peseta and media peseta pieces.

An American factory owner in Osaka, summing up his Job's trials with raw Japanese labor, used exactly my own phrase in a newspaper article a few days ago, "Cheap labor is never cheap." And all my investigations have convinced me that the remark is as applicable in Japan as it is in America or England. The per capita wages of Japanese laborers here are, of course, amazingly low.

According to the latest census the enormous area of 546,224,964 acres is under cultivation, which is an average of nearly two acres per capita of population, and probably two-thirds of it is actually cropped. About one-fourth of this area is under irrigation and more than 22,000,000 acres produce two crops a year.

Our currency per capita has increased by perhaps 25 or 30 per cent, but, compared to European practice of currency inflations of 200 to 800 per cent, our conduct has been provident indeed. This is not, however, the real area of inflation. It lies in the expansion of our bank credits.

Usually these caravans have a flag. I had none so the teapoy capita fished out a big red bandanna handkerchief, which he tied to a stick. With the crimson banner flying and the teapoy carriers singing and playing rude native instruments, we started off at a trot. I felt like an explorer going into the unknown places. It was the real thing in jungle experience.

The per capita wealth was, according to the census of 1860, $514, by that of 1870, $780, by that of 1880, $870, by that of 1890, $1,036. In 1870 the United States was in wealth the third nation on the globe; in 1880 it had distanced France and stood second.

On the occasion of his marriage not only the senate and the equestrian order but also the wives of the senators received some distribution of presents. The people were given a banquet at the per capita rate of one hundred and fifty denarii, and the soldiers had one that cost a hundred more.

For they judged it impossible that no greater share should belong unto them than two hundred pieces of eight per capita, of so many valuable purchases and robberies as they had obtained. Which small sum they thought too little reward for so much labour and such huge and manifest dangers as they had so often exposed their lives unto.

It is a poor show! Russia is greatly to blame, her European population of 88,000,000 being so badly provided for that it brings down the average. Were Russia left out in the cold, we might, were our books to be divided amongst our population per capita, rely upon having two volumes apiece. This would not afford Mr.

So that while the total annual crop value of Southern plantations amounted to $40,000,000, and the per capita wealth of the white people of the so-called black belt was very large, the returns from three industries located in a much narrower industrial belt of the East were more than a third greater.