text_original: 83 ieq. 1862] THE COMMERCIAL PANIC OF 1847 191 at Edinburgh owing to his vote on the Maynooth Bill ; but the Tariff Reformers were for the most part triumphantly returned : Villiei s and Bright in Lancashire, Cobden for the West Riding. The year 1847 was, however, less remarkable for a General Elec  The com  tion, than for a commercial crisis of unusual severity. The cyclical "^ercial fluctuation of trade is now a phenomenon of common observation.
text_transcription: EAT AT EDINBURGH OWING TO HIS VOTE ON THE MANOUTH BILL BUT THE TARIFF REFORMERS WERE FOR THE MOST PART TRIUMPHANTLY RETURNED VILLARS AND BRIGHT AND LANCASHIRE COBDEN FOR THE WEST RIDING THE YEAR EIGHTEEN FORTY SEVEN WAS HOWEVER LESS REMARKABLE FOR A GENERAL ELECTION THAN FOR A COMMERCIAL CRISIS OF UNUSUAL SEVERITY THE CYCLOCKAL FLUCTUATION OF TRADE IS NOW A PHENOMENON OF COMMON OBSERVATION
phonemes: ˈeɪɾi θɹˈiː ˈiːk. wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd sˈɪksti tˈuː] ðə kəmˈɜːʃəl pˈænɪk ʌv wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd fˈɔːɹɾi sˈɛvən wˈʌnhˈʌndɹɪd nˈaɪnti wˈʌn æɾ ˈɛdɪnbʌɹə ˈoʊɪŋ tə hɪz vˈoʊt ɔnðə mˈeɪnuːθ bˈɪl ; bˌʌt ðə tˈæɹɪf ɹᵻfˈɔːɹmɚz wɜː fɚðə mˈoʊst pˈɑːɹt tɹaɪˈʌmfəntli ɹᵻtˈɜːnd : vˈɪliːˌaɪ ˈɛs ænd bɹˈaɪt ɪn lˈæŋkəʃɚ, kˈɑːbdən fɚðə wˈɛst ɹˈaɪdɪŋ. ðə jˈɪɹ wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd fˈɔːɹɾi sˈɛvən wʌz, haʊˈɛvɚ, lˈɛs ɹᵻmˈɑːɹkəbəl fɚɹə dʒˈɛnɚɹəl ᵻlˈɛk ðə kˈɑːm tɪˈɑːn, ðɐn fɚɹə kəmˈɜːʃəl kɹˈaɪsɪs ʌv ʌnjˈuːʒuːəl səvˈɛɹᵻɾi. ðə sˈaɪklɪkəl "ˈɜːʃəl flˌʌktʃuːˈeɪʃən ʌv tɹˈeɪd ɪz nˈaʊ ɐ fɪnˈɑːmɪnən ʌv kˈɑːmən ɑːbzɚvˈeɪʃən.