( 79 ) 



u now, through a want of private credit, and 

 " monied faith between man and man, and 

 " ftili more to the prefent high rate of inte- 

 " reft to be made on governmfent-fecurity, 

 " the monies which were clifperfed in the 

 ' country among farmers and tradefmen are 

 " now all called in. 



" This explains very fully the apparent 



" riches of former times, and the apparent 



" poverty of the prefent ; but it does not ex~ 



" plain why farmers formerly grew rich, but 



* now grow poor. 



" The late rife of rents at once fully deve- 

 1 loped the whole myftery. For although 

 " the ufurer's money might affift the farmer 

 in purchaiing (lock, &c. to an advantage; 

 yet this advantage was in great meafure 

 cancelled by the intereft which he had an- 

 1 nually to pay for it; whereas the money 

 1 ariiing from the comparative lownefs of 

 " rent, required neither intereft nor even 

 " principal to be repaid. 



" Thus, fuppofing farms to be raifed thir- 



" ty per cent, within the laft fifteen or twen- 



" ty years ; and fuppofing, that among 



c middling farmers, the rife in the poors- 



1 rates, and the extra expence of houfe- 



" keeping, 



