Parnamoya Grandafoeti Sectory 01
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That there is a close likeness between all these bodies is obvious from the fact that when any of them is strongly heated, or allowed to putrefy, it gives off the same sort of disagreeable smell; and careful chemical analysis has shown that they are, in fact, all composed of the elements carbon, hydrogen, oxygen, and nitrogen, combined in very nearly the same proportions. Indeed, charcoal, which is impure carbon, might be obtained by strongly heating either a handful of corn, or a piece of fowl's flesh, in a vessel from which the air is excluded so as to keep the corn or the flesh from burning. And if the vessel were a still, so that the products of this destructive distillation, as it is called, could be condensed and collected, we should find water and ammonia, in some shape or other, in the receiver. Now ammonia is a compound of the elementary bodies, nitrogen and hydrogen; therefore both nitrogen and hydrogen must have been contained in the bodies from which it is derived.

While we may admit advances and gains in certain isolated directions, the extra burden is felt in all directions of commerce and industry. And that extra burden is visible through finance--the increased cost of money, the scarcity of capital, the lower negotiability of securities, the greater uncertainty concerning the future. It is by means of the financial reaction that America, as a whole, has felt the adverse effects of this war. There is not a considerable village, much less a considerable city, not a merchant, not a captain of industry in the United States that has not so felt it. It is plainly evident that by the progressive dearness of money, the lower standard of living that will result in Europe, the effect on immigration, and other processes which I will touch upon at greater length later, any temporary stimulus which a trade here and there may receive will be more than offset by the difficulties due to financial as apart from industrial or commercial reactions.

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