A Letter from Major Robert Carmichael-Smyth to His Friend, the Author of "The Clockmaker", Containing Thoughts on the Subject of a British Colonial Railway Communication Between the Atlantic and the Pacific, from ... Halifax, in Nova Scotia ... to the Mouth of Frazer's River ...

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Сторінка 37 - But the economical advantages of commerce are surpassed in importance by those of its effects which are intellectual and moral. It is hardly possible to overrate the value, in the present low state of human improvement, of placing human beings in contact with persons dissimilar to themselves, and with modes of thought and action unlike those with which they are familiar.
Сторінка 29 - Could we suddenly double the productive powers of the country, we should double the supply of commodities in every market ; but we should, by the same stroke, double the purchasing power. Everybody would bring a double demand as well as supply ; everybody would be able to buy twice as much, because every one would have twice as much to offer in exchange.
Сторінка 50 - ... commercial countries, is sufficiently rapid to account for the almost periodical recurrence of these fits of speculation ; since, -when a few years have elapsed without a crisis, and no new and tempting channel for investment has been opened in the meantime, there is always found to have occurred in those few years so large an increase of capital seeking investment, as to have lowered considerably the rate of interest...
Сторінка 52 - In its evaporation it swells into two hundred and sixteen gallons of steam, with a mechanical force sufficient to raise a weight of thirty-seven tons a foot high. The steam thus produced has a pressure equal to that of common atmospheric air ; and by allowing it to expand, by virtue of its elasticity, a further mechanical force may be obtained, at least equal in amount to the former. A pint of water...
Сторінка 28 - The exportation of labourers and capital from old to new countries, from a place where their productive power is less, to a place where it is greater, increases by so much the aggregate produce of the labour and capital of the world.
Сторінка 48 - Minister, who has other objects in view than the security of place and the interest of a party, may they remind him of a duty that has never been performed but by the illustrious individual, whose former residence among us gave rise to these reflections. This work is designed for the cottage, and not for the palace ; and the author has not the presumption even to hope it can ever be honoured by the perusal of his sovereign.
Сторінка 48 - ... it can ever be honoured by the perusal of his sovereign. Had he any ground for anticipating such a distinction for it, he would avail himself of this opportunity of mentioning that in addition to the dutiful affection the Nova Scotians have always borne to their monarch, they feel a more lively interest...
Сторінка 5 - ... In a recent Manchester paper, it was stated that a peculiar sort of twist or " gimp," which cost three shillings making, when first introduced, was now manufactured for one penny ; and this not, as usually, by the invention of a new machine, but solely through the increased dexterity of the workman. To the inventive genius of her sons England owes the foundation of her commercial greatness. We will not go the length of asserting that she retains her proud pre-eminence solely upon the condition...
Сторінка 5 - This great national railway from the Atlantic to the Pacific is the great link required to unite in one powerful chain the whole English race, which will be the means of enabling vessels steaming from our magnificent colonies — from New Zealand, Van Diemen's Land New South Wales, New Holland, from Borneo and the West Coast of China, from the Sandwich Isles and a thousand other places — all carrying the rich production of the East.
Сторінка 29 - One is, the tendency of every extension of the market to improve the processes of production. A country which produces for a larger market than its own, can introduce a more extended division of labour, can make greater use of machinery, and is more likely to make inventions and improvements in the processes of production.

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