text_original: The rate of discount was raised from 3 per cent, in June, 1865, to 8 per cent, in the succeeding January. But the warnings of the Bank were vain ; the crash came in May. The failure of Over end & Gurney was followed by a murrain of bankruptcies. The English Joint Stock Bank ; the Imperial Mercantile Credit Association ; the Consolidated Discount Company were among the earliest defaulters.
text_transcription: THE RATE OF DISCOUNT WAS RAISED FROM THREE PER CENT IN JUNE OF EIGHTEEN SIXTY FIVE TO EIGHT PER CENT IN THE SUCCEEDING JANUARY BUT THE WARNINGS OF THE BANK WERE VAIN THE CRASH CAME IN MAY THE FAILURE OF OVEREND AND GUARNEY WAS FOLLOWED BY A MURRAINE OF BANKRUPTCIES THE ENGLISH JOINT STOCK BANK THE IMPERIAL MERCANTILE CREDIT ASSOCIATION THE CONSOLIDATED DISCOUNT COMPANY WERE AMONG THE EARLIEST DEFAULTERS
phonemes: ðə ɹˈeɪt ʌv dˈɪskaʊnt wʌz ɹˈeɪzd fɹʌm θɹˈiː pɚ sˈɛnt, ɪn dʒˈuːn, wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd sˈɪksti fˈaɪv, tʊ ˈeɪt pɚ sˈɛnt, ɪnðə səksˈiːdɪŋ dʒˈænjuːˌɛɹi. bˌʌt ðə wˈɔːɹnɪŋz ʌvðə bˈæŋk wɜː vˈeɪn ; ðə kɹˈæʃ kˈeɪm ɪn mˈeɪ. ðə fˈeɪlɪɹ ʌv ˌoʊvɚɹ ˈɛnd ænd ɡˈɜːni wʌz fˈɑːloʊd baɪ ɐ mˈɜːɹeɪn ʌv bˈæŋkɹʌptsiz. ðɪ ˈɪŋɡlɪʃ dʒˈɔɪnt stˈɑːk bˈæŋk ; ðɪ ɪmpˈɪɹiəl mˈɜːkɐntˌaɪl kɹˈɛdɪt ɐsˌoʊsɪˈeɪʃən ; ðə kənsˈɑːlᵻdˌeɪɾᵻd dˈɪskaʊnt kˈʌmpəni wɜːɹ ɐmˌʌŋ ðɪ ˈɜːlɪɪst dᵻfˈɔltɚz.