APPENDIX A 213 



division of landed property, men of small fortune 

 uniting in the purchase with capitalists who seek 

 only the rent or payment for the land." 



" Great capitalists could not themselves culti- 

 vate vast extents of land, and not wanting to di- 

 minish their revenues by renting them, would be 

 induced to sell portions suitable for cultivation by 

 their new owners, and would then carry their 

 money into new industrial and commercial enter- 

 prises. " 



" The competition of the sellers would cause a 

 momentary fall in the price of the lands, and would 

 enable small farmers to become land-owners. The 

 number of vast estates often badly managed would 

 then be diminished, and considerable fortunes, 

 changing hands more easily, would naturally pass 

 into those which would be most likely to increase 

 their value." 



"Proprietors, becoming cultivators to escape the 

 taxes, would settle in the country, where their pres- 

 ence would disseminate intelligence and comfort; 

 their revenues, before spent unprofitably, would 

 then pay expenses and improvements on their 

 propert} r ." 



<( The establishment of such a tax would cer- 

 tainly find many opponents among proprietors, 

 landed non-cultivators who form in fact the influ- 



