Prosperity of Germany and advancement cannot be completely measured by statistics

Prosperity of Germany and advancement cannot be completely measured by statistics. Nobody can predict, what it will be, as it is partially based on elements from which unfortunately other countries did not take a lot of account. [105] Germany turns attention to practical formation of its people than any another
The nation in the world. Its system of a technical education is stretched on the whole empire, and provides the technical instruction for each class of people and for each employment of evening schools of people for already involved in life work, agricultural schools, forestry schools, business schools, extracting schools, naval schools, and schools in each branch of a manufacturing industry, besides, certainly, schools for formation of what intend to follow the studied trades. As consequence of it very much the general condition of a technical education, in German industrial prosecution the class of the workers who have been not found at seminars of any other compatriots of industrial skill and experience, and at the same time the highest scientific technical achievements in branches of a science which have especially for their work there is occupied. These men work over salaries which in other countries would consider ridiculously low. In almost all other countries possession of sound scientific formation - the passport to social distinction, and each trade is opened for it who has the right to enter into it. In Germany, however, the studied trades, and especially official positions of army and fleet, are almost exclusive reserves of those who is born to the social category. The formed simple person, therefore, should find a shelter directly to make, trade, or trade. From this follows, that scientific skill and investigation extend in German commercial industries than in that of all other nations more widely. While, however, the German handicraftsman equal in its special technical skill was not firmer the specialised English competitor, and as consequence of it, it is more than one sixth full import of Germany consists of the goods brought from England mainly finer kind of textile fabrics [106] and article gland
And a steel. This inferiority in specialisation in German workers cannot long proceed, and the successful competition of Germany to industrial advantage of the Great Britain can is fast to be the tremendous fact.
MINES OF GERMANY AND MANUFACTURING OF HARDWARE

We have learnt in last lesson, that commercial projects are used to facilitate a collection of

We have learnt in last lesson, that commercial projects are used to facilitate a collection of accounts. [32] they - simply formal requirements of payment
From lawful debts. When these formal requirements are made on foreign debtors, them name bills; and process of purchase and sale of these projects, projects directly, and fluctuations in the price, all are included in the general exchange of the name.
Foreign currency.

Bonds are let out against all conceivable kinds of securities

Bonds are let out against all conceivable kinds of securities. Not only that properties of many kinds are used to let out bonds on, but it is a lot of kinds of bonds, often are issued on the same properties. It is especially true for railways, where various kinds often knees and imposing in almost infinite disorder.
FALL OF FUNDS

Calcutta (862 000) is capital of empire of India and the second city in British Empire

Calcutta (862 000) is capital of empire of India and the second city in British Empire. Though it is located on a hand of delta of Ganges, eighty miles in the country, Calcutta - huge seaport, but its seaworthy privileges can be supported only great machine-building factory, because of the silt, which Ganges constantly reduces and brings in aside exhausting channels. Calcutta possesses almost monopoly of the whole trade of valleys of Ganges and , and to a building of Suez canal, at it was almost monopoly of trade directed outside of the whole peninsula of Hindustan. Its full trade is even nevertheless very big, incorporating for and internal business directed outside together approximately 700 000 000$ in a year, the sum which can be appreciated from the fact, that it about equal to full trade in import of all United States. Bombay (822 000), the second city of the Indian Empire, owe the popularity to three things: (1) opening of Suez canal which has made it port of India the closest England; (2) start of the industry growing up a clap in India, owing to the American civil war (a growing up clap the area of India is adjacent with Bombay); and (3) development of railway system of India which does Bombay, instead of Calcutta a natural ocean exit for trade [138] country. Madras (453 000), the third city
India, also the third seaport. But it does not have any natural harbour, and its coast is broken by a surf and within many months together exposed full fury of northeast monsoons. The artificial harbour, however, has been recently constructed. Besides cities, aforementioned, there is one (Hyderabad) with the population more than 400 000; there are two (Lucknow and Benares) with the population more than 150 000 everyone, and eleven more with the population more than 100 000 everyone. There is besides forty seven cities with the population more than 50 000 everyone, and more than one thousand cities with the population approximately 10 000 everyone.
[139]
VII. TRADING FEATURES OF PORCELAIN
IMMENSITY OF AREA OF PORCELAIN AND THE POPULATION

Double corporation of responsibility - in what, in default, shareholders further responsible for

Double corporation of responsibility - in what, in default, shareholders further responsible for the quantity equal to their subscriptions. All national banks double the responsibility companies. If A the stock at a rate of 5000$ in [54] national bank belongs, and the bank suffers failure, it loses the stock; and if bank debts
Big it can be obliged to pay a part or to all additional 5000$.
XVI. BONDS

When France will be in comparison with other countries concerning commercial development and

When France will be in comparison with other countries concerning commercial development and advancement, results will be in almost each specific turn, adverse to France. For example, since end of Napoleonic wars eighty three years ago, which national trade of the Great Britain while that from France only has trebled. In end ex German war France made eighteen percent. In front of Germany in the power of carrying over of its shipment. Now Germany of seventy [97] percent. In front of France in this respect. But it needs to be remembered, that ex German war cost France in army
Expenses and in indemnification the sum than 3,250,000,000$ is not less. The effect of those huge expenses on nation prosperity can be estimated in one comparison. Since that war annual average savings in the inhabitant in France have made 17$. During the same period annual average savings in the inhabitant in the Great Britain have made 19.50$. That war has not occurred, average annual savings in the inhabitant in France will make 21.50$. To put it briefly, no people in Europe are comparable to working classes of the French people in thrift and development, and because of this feature if France well operated its prosperity would be equal to that from any country in the world, and it will be so in spite of the fact that the account of interest of France imposes the tax 6.50$ in a year on each inhabitant of the country.
Street scene in Paris, showing to Stock exchange.
[98]
IMPORTANCE OF AGRICULTURE IN FRANCE

The joint-stock companies - somewhat corporations, but at name corporation are in its general

The joint-stock companies - somewhat corporations, but at name corporation are in its general statement wider value. The state corporations - what are created only for public interest as cities, cities, districts, colleges, etc. Private corporations are created in full or in part for monetary benefit of participants, as the railway companies, banks, etc. the Corporate bodies, which participants at discretion fill all vacancies occurring in their membership on record, sometimes name the closed joint-stock companies. In this country [52] power to be corporation is the privilege which can exist only
Through a legislature.