in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.
I understand what the author means, but I am confused about the construction of this phrase:
they insisted on its being received in that way
it would make more sense to me if it was "it being received" instead of "its being received" in that phrase
can somebody explain?