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Not to such an extent, it is true, as the figures seem to indicate, because the old prices could not be maintained. Rye, for example, which in 1868 stood at 129 kopeks per pud, fell as low as 56, and during the rest of the century, except during a short time in 1881-82 and the famine years of 1891-92, when there was very little surplus to sell, it never rose above 80.
Statistics for the population of the old City of New York. The chart shows a decrease from 95 out of every 1,000 in 1891-92 to 48 out of every 1,000 in 1909.
Evidently the tax-paying power of the rural classes was being overstrained, for they were falling more and more into arrears in the payment of their taxes, and their impoverishment was yearly increasing. All their reserves had been exhausted, as was shown by the famines of 1891-92, when the Government had to spend hundreds of millions to feed them.
Andrews, 1886; Sec'y for Ireland, 1887-91; Lord Rector, Glasgow, 1890; Chancellor of Edinburgh since 1891; First Lord of Treasury, 1891-92; President British Association, 1904; Prime Minister, 1902-1905; Leader of the Commons, 1895-1906; 1st Lord of the Admiralty 1915-16; Head of British Mission to America, 1917; Author of a series of philosophical and economic works.
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