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With an area almost exactly that of the United States, Canada has a population of but five millions, or about one-fifteenth the population of this country. Between 1891 and 1901 the population of the Dominion increased only five hundred thousand, or about ten per cent., as against an increase of fourteen millions, or twenty-one per cent., in this country.
The relief which a bank would afford by an issue of $15,000,000 of its notes, judging from the experience of the late United States Bank, would not have occurred in less than fifteen years, whereas under the proposed arrangement the relief arising from the issue of $15,000,000 of Treasury notes would have been consummated in one year, thus furnishing in one-fifteenth part of the time in which a bank could have accomplished it a paper medium of exchange equal in amount to the real wants of the country at par value with gold and silver.
In an ordinary engine only about one-fifteenth of the energy furnished in the coal can be regained in the form of motive power, the rest being radiated from the machine as heat. Some of our better engines to-day utilize a somewhat larger part, but most of them utilize less than one-tenth.
And after all these precautions they came to no more definite conclusion than that on their classification and according to their questionnaire, among 200,000 Sheffield workers "about one quarter" were "well equipped," "approaching three-quarters" were "inadequately equipped" and that "about one-fifteenth" were "mal-equipped."
Broadly the scheme gave to the Irish Government credit for the Customs and Excise collected in Ireland and charged it with annual payments of £4,502,000 in addition to the cost of collection. It is clear that Mr. Gladstone, at the time when the Irish population was about one-eighth of the United Kingdom, assumed Ireland to have a taxable capacity of one-fifteenth.
The relief which a bank would afford by an issue of $15,000,000 of its notes, judging from the experience of the late United States Bank, would not have occurred in less than fifteen years, whereas under the proposed arrangement the relief arising from the issue of $15,000,000 of Treasury notes would have been consummated in one year, thus furnishing in one-fifteenth part of the time in which a bank could have accomplished it a paper medium of exchange equal in amount to the real wants of the country at par value with gold and silver.
Out of the population of 3,124,668 souls, more than a million are agricultural labourers and shepherds. The workmen number 258,872, and the servants exceed the workmen by about 30,000. Trade, finance, and general business occupy something under 85,000 persons. The landed proprietors are 206,558 in number, being about one-fifteenth of the entire population. We have a greater proportion in France.
Were there to be no increase of population in the state, the distribution for each pupil would never exceed forty cents, or about one-fifteenth of the amount now raised by taxation.
The ordinary measurements, which now hold good for a large bell, are, roughly, one-fifteenth of the diameter in thickness, and twelve times the thickness in height. Describing the foundry buildings: The first is for the furnaces, containing the vast caldron for the fusing of the metal; in the second is a kind of shallow well, where the bell would have to be modeled in clay.
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