Source: Speech in the House of Lords on the agricultural depression (28 March 1879), reported in The Times (29 March 1879), p. 8
“No one, I think, can deny that the depression of the agricultural interest is excessive. Though I can recall periods of suffering, none of them have ever equalled the present in its instances. … the agricultural interest is suffering from a succession of bad harvest, accompanied, for the first time, by extremely low prices. That is a remarkable circumstance that has never before occurred—a combination that has never before been encountered. In old days, when we had a bad harvest we had also the somewhat dismal compensation of higher prices; but now, when the harvests are bad the prices are lower rather than higher…nor is it open to doubt that foreign competition has exercised a most injurious influence on the agricultural interests of the country. The country, however, was perfectly warned that if we made a great revolution in our industrial system, that was one of the consequences that would accrue. I may mention that the great result of the returns we possess is this, that the immense importations of foreign agricultural produce have been vastly in excess of what the increased demands of our population actually require, and that is why the low prices are maintained…That is to a great degree the cause of this depression.”
Speech in the House of Lords on the state of agriculture (28 March 1879), reported in The Times (29 March 1879), p. 8.
1870s
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Benjamin Disraeli 306
British Conservative politician, writer, aristocrat and Pri… 1804–1881Related quotes
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Context: As an instance of the remarkably far-reaching effect which a single mathematico-physical concept has had upon the development of chemical theory, one has but to recall the state of chemistry just before the revival of Avogadro's law by Cannizzaro, to be impressed by its confusion. Relying solely upon their "chemical instinct," the leaders of the various schools of chemical thought had developed each his own theoretical system.... a host of... conceptions strove for supremacy. The strife was stilled, order and unity were restored, as soon as Avogadro's great idea was seen in its true light, and the concept of the molecule was introduced into chemistry. A formula which had required pages of reasoning from a purely chemical standpoint to establish, and that insecurely, was fixed by a single numerical result.
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