308 THE ROYAL SOCIETY OF CANADA 



cipal governments of earlier days. At the same time there are peculiar 

 differences between our modern economic structure and that of the 

 earlier, period, which may tend to preserve the country from such a 

 disastrous collapse as that which followed the earlier era of pros- 

 perity. The discussion of this, however, lies beyond the range of this 

 paper. 



