Page 117 - clra62_0019-(GIPE)
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I 10      ECONOMIC  INQUIRIES  AND  STUDIES
                   the  decline  in  the  former  being especially notorious.
                   In tobacco  again  in  the last ten years there has been
                   no  increase  of the consumption per head;. which con-
                   trasts w.ith a rapid increase in the period just before-
                   viz., from about  I.3I lbs. per head in  1865 to 1.46 lbs.
                  per head in  1875.
                     No  doubt  the  observation  here  applies  that  the
                   utmost prosperity would  obviously be  consistent with
                  a slower rate of increase per head from period to period
                   in the  consumption of these articles, and  with, in  the
                  end,  a  cessation  of  the  rate  of  increase  altogether.
                  The  consumption of some  articles  may attain a  com-
                  paratively stationary state,  the increased  resources of
                  the  community  being  devoted  to  new  articles.  But
                  here, again, we have  to  observe  the  necessity for ex-
                  planation.  The indications  are no  longer so sure and
                  obvious in all directions as they were.    .
                     I t is difficult, indeed, to  resist the impression made
                  wheri we put all the facts together, leaving out of sight
                  for  a  moment those  of values only.  We  are  able  to
                  affirm  positively-(a)  That  the  production  of  coal,
                  iron, and other staple  articles  has been  at a  less rate
                  in  the  last  ten  years  than formerly;  (6) that this has
                  taken  place  when  agricultural  production  has  been
                  notoriously  stationary,  and  when  the  production  of
                  other articles such  as copper, lead,  etc., has positively
                  diminished;  (c)  that there has  been a  similar falling-
                  off in  the  rate  of advance  in  the great textile  indus-
                  tries;  (d) that the receipts from railway traffic and the
                  figures of shipping in the  foreign  trade show a corre-
                  sponding  slackenirig  in  the  rate  of  increase  in  the
                  business movement;  and (e) that the figures as to con-
                  sumption of leading articles, such as tea, sugar, spirits,
                  and tobacco, in showing a similar decline in the rate of
                  increase, and;  in some cases, a diminution, are at least
                  not in contradiction with the other facts stated, although
                  it may be allowed that there was no antecedent reason
                  to expect an indefinite continuance of a former rate of
                  increase.
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