44 



care to steer the vessel of the State between 

 Scylla and Charybdis, that, in avoiding one, she 

 does not strike upon the other. 



Let not landlords deceive themselves. This 

 will be their condition if the price of wheat fall to 

 40s. a quarter in consequence of the introduction 

 of cheap corn not produced by the capital and 

 labour of own countrymen, and the only way by 

 which this will be prevented, will be by the aban- 

 donment of the cultivation of a great extent of land 

 at home, an extensive limitation of agricultural 

 productions within our own territory. The effects 

 of this wretched alternative would be disastrous. 

 No re-action will take place until the calamity has 

 occurred. Landlords will not feel the entire evils 

 at once, and they will most unwillingly conceive 

 that there exists a necessity for the great reduction 

 of rent which they will be called upon to make. 

 A collision between them and their tenants will 

 ensue. The tenants will be the first sufferers, 

 and, 1 speak advisedly when I say, their present 

 circumstances are such, that there is but a step 

 between them and ruin, they are now on the very 

 brink of the precipice. The landlords will soon 

 however feel the full effects of prices so reduced; 

 for the rent of farming land is merely that part of 

 the value of the produce which remains after all 

 the necessary expenses of production, and the 

 farmers' profit are paid ; the portion of the value 

 of the produce which the farmer receives as profit 

 will depend on the competition for land. If the 





