text_original: It is to be observed that we are here dealing not with sovereignty bnt with ownership, and that the Avide domains thus actually o\vned b\' the Bishop of Rome had prob  ably been increased rather than diminished in the cen  tury and a half that had elapsed since the death of Gregory.
text_transcription: IT IS TO BE OBSERVED THAT WE ARE HERE DEALING NOT WITH SOVEREIGNTY BUT WITH OWNERSHIP AND THAT THE WIDE DOMAINS THUS OWNED BY THE BISHOP OF ROME HAD PROBABLY BEEN INCREASED RATHER THAN DIMINISHED IN THE CENTURY AND A HALF THAT HAD ELAPSED SINCE THE DEATH OF GREGORY
phonemes: ɪɾ ɪz təbi əbzˈɜːvd ðæt wiː ɑːɹ hˈɪɹ dˈiːlɪŋ nˌɑːt wɪð sˈɑːvɚɹˌɪnti bˌiːˌɛntˈiː wɪð ˈoʊnɚʃˌɪp, ænd ðætðɪ ˈævaɪd dəmˈeɪnz ðˈʌs ˈæktʃuːəli ˈoʊ bˈækslæʃ vˈiːnˈɛd bˈiː bˈækslæʃ ðə bˈɪʃəp ʌv ɹˈoʊm hæd pɹˈɑːb ˈeɪbli bˌɪn ɪŋkɹˈiːst ɹˈæðɚ ðɐn dᵻmˈɪnɪʃt ɪnðə sˈɛn tˈʌɹi ænd ɐ hˈæf ðæt hæd ᵻlˈæpst sˈɪns ðə dˈɛθ ʌv ɡɹˈɛɡɚɹi.