text_original: Population was increasing : capital rapidly ac  cumulating, and Peel was convinced that if he could facilitate the application of that capital to new branches of industry and manu  factures, the effect would be greatly to increase the demand for labour ; and with the demand for labour, to increase the consump  tion of articles subject to taxation.
text_transcription: POPULATION WAS INCREASING CAPITAL RAPIDLY ACCUMULATING AND PUE WAS CONVINCED THAT IF HE COULD FACILITATE THE APPLICATION OF THAT CAPITAL TO NEW BRANCHES OF INDUSTRY AND MANUFACTURES THE EFFECT WOULD BE GREATLY TO INCREASE THE DEMAND FOR LABOR AND WITH THE DEMAND FOR LABOR TO INCREASE THE CONSUMPTION OF ARTICLES SUBJECT TO TAXATION
phonemes: pˌɑːpjʊlˈeɪʃən wʌz ɪŋkɹˈiːsɪŋ : kˈæpɪɾəl ɹˈæpɪdli ˌeɪsˈiː kjˈuːmjʊlˌeɪɾɪŋ, ænd pˈiːl wʌz kənvˈɪnst ðæt ɪf hiː kʊd fəsˈɪlᵻtˌeɪt ðɪ ˌæplɪkˈeɪʃən ʌv ðæt kˈæpɪɾəl tə nˈuː bɹˈæntʃᵻz ʌv ˈɪndʌstɹi ænd mˈɑːnjuː fˈæktʃɚz, ðɪ ɪfˈɛkt wʊd biː ɡɹˈeɪtli tʊ ɪŋkɹˈiːs ðə dᵻmˈænd fɔːɹ lˈeɪbɚ ; ænd wɪððə dᵻmˈænd fɔːɹ lˈeɪbɚ, tʊ ɪŋkɹˈiːs ðə kənsˈʌmp tɪˈɑːn ʌv ˈɑːɹɾɪkəlz sˈʌbdʒɛkt tə tæksˈeɪʃən.