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The Treasury notes are limited to an amount of one-fourth less than the estimated annual receipts of the Treasury, and in addition they rest upon the faith of the Government for their redemption. If all these assurances are not sufficient to make them available, then the idea, as it seems to me, of furnishing a sound paper medium of exchange may be entirely abandoned.
It also presents evidence of the successful operation of the homestead act, under the provisions of which 1,160,533 acres of the public lands were entered during the last fiscal year more than one-fourth of the whole number of acres sold or otherwise disposed of during that period.
Fears were entertained for Cracow, one of the strongest fortresses in Austria, if not in Europe, which seemed likely soon to fall into the hands of Russia. It was stated in Rome, and said to be admitted in Vienna, that the Archduke Frederick, commanding the Austrian forces in Galicia, had lost 120,000 men, or one-fourth of his entire army.
This district, which comprises Tower Hamlets, Shoreditch, Bethnal Green and Hackney, contains a population of 908,000; that is to say, less than one-fourth of the population of London. How do his statistics work out?
"This was the first set of important plans I ever saw in which the dimensions were not marked, but they were most accurately drawn to scale, one-fourth inch to the foot. They are probably using the same drawings with an altered scale, although it would be an absurdly clumsy trick.
These wastes in abandoned roofing, pillars, and small-sized coal, together make a total which for all the mines in the country will average fully one-fourth more of the coal that is in the ground. It is to be noted, however, that conditions are changing for the better.
But they last much longer than is necessary, so that everywhere the fences of old gardens bar the road and force the traveller to make endless detours, all the more so as the natives have a way of making their fields right across the paths whenever it suits them. The number of women here amounts only to about one-fourth of that of the men.
Gold and silver are found in nearly every province of the Empire, while the central districts contain the largest coal-fields upon the globe. Nearly one-fourth of the human race is supposed to be comprised within the Chinese Empire. They look to the past, not to the future, and the word "progress" has apparently to them no real significance.
The Senator has the initiative in all projects of law. "Art. 7. The office of the Senator is for life; that of the Conservators for four years. The Magistracy is to be renewed every year for one-fourth of its members. In the first three years, lot is to decide who go out; afterwards, the members shall retire by rotation. "Art. 8.
The importance of the problem is shown by the fact that one-fourth of all the capital invested in the telephone has been spent in copper. Professor Pupin, who had been a member of the faculty of Columbia University since 1888, solved this problem in his quiet laboratory and, by doing so, won the greatest prize in modern telephone art.
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