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INDEX                    447
                  LANDLORDS,  l'ish, expediency of   Lif[lIidalionl,  The,  of  1873-76
                    the flta,e  buying  out  the,  i.   ll87 7 ]-eonlintHd.
                    452.
                  ~ND, over·taxation of, a fan,.cy,   IV.  Present depre56ion  not  likely
                                                  to be permanent, 113.114-
                    1,,255·             ,       Impoltl o( manufactured goods due
                  -    Tenure  Reform  Associa-   partly  to  depr-wn  abroad;
                    tion'. aims, i. 266.          British  workmen  and  their  cle-
                  -    tax  not a burden  on  land.   mands (or higher wages,  II S.
                    owners,  but  a  rent  charge,  i.   Undue  importance  attached  to
                                                  (oreign  competition;  growth  of
                    260.                          American coal and iron indWitries
                  -   -    in  France  and  the   not  necessarily harmful  to Eng·
                    Cadaslre,  i. 269.            land,  116·117.
                  -   taxes on, i. '53.         Premature extension  o( ranways  a
                                                  partial cause of the crisis;  com-
                  -    values,  increased,  brings   mercial and financial dishonesty;
                    little or no additional  revenue   probable extension o( trusts, 118-
                    to the State, i. 275.         IZQ.
                  LEVI, Leone, and Dudley Baxter   LIVE  stock,  reduction  in  stocks
                    on earnings of working classes,   of cattle and sheep, i.  136.
                    i. 386.
                  Lf,lIidalions,  The,  of  1873-76
                    LI877J,  i.  98'120.     MACHINERY, improvements  in, a
                                               benefit to all classes, ii.  96.
                     Periodicity  of  trade  depressions,
                     .  98.                  MANUFACTURES,  protection  (or,
                     I.  Universality Q( the depressiQII in   in new countries, ii. 14S.
                      1873 and its causes, 99-100.   MANUFACTUIUNG   production,
                     n.  }o'ailure  Qf  the  .. exploitation ..
                      Q( new cQuntries lacking capital:   comparisons  of, and the Ame-
                      IQSs  or  British capital  invested   rican census, ii.  63.
                      abroad,  101-103-      MARKET  for first-class securities,
                     Industrial growth or new countries   requisite  conditions for  a  nat·
                      and temporary increase of foreign
                      trade  o( the  United  Kingdom;   ural, ii.  r 93.
                      premature  railway  construction,   MARKETS  for  trade,  value  of
                      104-106.                 home and new, ii. 34S.
                     Over-production  01  raw  materials   MILL'S suggested periodical State
                      and  food.  a cause or the  crises;   inquil}' into increased rental of
                      dishonest  borrowings  by  coun-
                      tries unable to repay. 1°7.108-  land, I. 268.
                     III.  Small  effect  of  the  crisis  on   -- opinion as to protection for
                      English industry and wages com·   manufactures in new countries,
                      pared  with  fOlDler  ones,  108-  ii. 146.
                      log.
                     Our  foreign  trade  only  •  .mall   MONETARY  standards,  fancy, ex·
                      portion  01 the total trade 01  the   amined and criticised, ii. r 66.
                      country,  its  falling  off therefore   -  system.  difficulties  of any
                      o( not such importance; increase   change in our, ii. 167.
                      in  British  imports,  in  railway
                      traffic, in national reftnue, prove   MONEY  market,  infiuences  o(
                      continued prosperity or the coun-  Franco-German War on, i.  5 r.
                      try,  1100111.  •      MORTALITY  statistics, difficulties
                     Effects or the withdrawal or gold   of comparing, owing to imper·
                      to Germany for their coinage in·
                      directly beneficial to this country,   fect  re~tration  in  certain
                      11:1.                    countries, ii. 5 J.
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