28 



falls to 44s. or 46,y, a quarter, there will be many 

 farmers divested of all capital/' " You are not a 

 farmer yourself, and therefore not aware of the 

 effect of a reduction of price to 44s. or 46s. a 

 quarter ?"* (*) " I have no doubt at the present 

 moment there is some land that will not pay for 

 cultivating, but then of course these are lands 

 situate under very diadvantageous circumstances ; 

 some perhaps will go out of cultivation soon, and if 

 the price of wheat come to 45s. a quarter there 

 will be perhaps another class of land which will go 

 out of cultivation, but still the effect of land going 

 out of cultivation in that way would be to produce 

 a diminished supply, and a reaction of price under 

 protection. 5 ' You said you looked forward to 

 agriculture being again productive when things are 

 arranged ? 5 ' ( 2 ) "I cannot see why it should not 

 be so. 5 ' " Do you think so with reference to the 

 present Corn Laws being kept up ?" ( 3 ) " Cer- 

 tainly." " You think that if the present Corn 

 Laws were not kept up, which you think there is 

 but little chance of, agriculture will never rise V 

 ( 4 ) " No, not for a time." You stated that you 

 thought the manufacturers have got over their 

 crisis, though they have been ruined by hundreds, 

 and now they are flourishing?' 5 ( 5 ) " Yes.' 5 

 " You think that crisis must come to land?" 

 ( 6 ) " That is of course a general observation, 

 but capable of explanation : there are large landed 



* See Mr. Sanders's Evidence, see Question J 4632, 2 4634, 

 3 4635, 4 4636, 5 4637, 6 4638. 



