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What sort of words did he think of? The thing couldn't he "aeroplane" or "telephone" or "googly," because these weren't invented in his time. That gives us three words less. Nor, probably, would it be anything to eat; a Prime Minister would hardly discuss such subjects with his Sovereign. I have no doubt that after hours of immense labour you will triumphantly suggest "rateably."
Certain it is, and a truth which will not be questioned, that by far the largest share of that criminal refuse has been cast off by and from the manufacturing districts; and of which, therefore, the colonial trade portion indirectly contributed should be rateably the minimum, as compared with foreign trade.
It should be noted that in cutting down the powers of owners to legally tie up, I do not interfere with honourable trusteeships of any kind not enforceable by law or in equity. Such exist now, and more largely than is generally supposed. There has been no readjustment of the land tax for very many years. It is a property rate, and originally was rateably levied at four shillings in the pound.
But the return upon capital embarked, say, in the cotton manufacture, is calculated, at the least, at an average of fifteen per cent. What, then, are the relative profit returns upon the same sum-total of operations for the banker and manufacturer? That is, double the amount, or, as rateably may be said, 100 per cent greater profit for the manufacturer than the banker.
Now, as the garrison of Gibraltar alone consists of about 4000 men, to which add 2000 as the proportion for the reserve in England for recruiting and exchanges, it follows that of the 44,500 men on colonial duty, to which add the reserve in England, 22,250, one-eleventh are stationed in and wanted for Gibraltar alone, the charge of which to be rateably deducted from the whole sum of £.4,500,000, falsely set down as incurred for the colonies, would be about £.410,000.
For the city being divided into four parts, according to the regions and hills which were then inhabited, he called these divisions tribes, as I think, from the tribute. For the method of levying taxes rateably according to the value of estates was also introduced by him; nor had these tribes any relation to the number and distribution of the centuries.
And thus rateably, according to the number he keepeth. The remainder of his 150 pound I allow him for apparell, bookes, Travelling charges, tennis play, and other extraordinaire expences." An academy would seem to have been a cheaper means of learning accomplishments. For about £110 one might have lodging and diet for himselfe and a man and be taught to ride, fence, ply mathematics, and so forth.
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