41 



be thrown back on his original position, and, aban- 

 doning all hope of improving his property, he would 

 be compelled to let it go to ruin, or, at best, to sit 

 down in inactivity with a heavy millstone of debt 

 about his neck, leaving the community of his ten- 

 antry in the same state of poverty as that in which 

 he found them. 



And in such circumstances, it is very clear, that 

 the last state of Jones, would be worse than the 

 Jirst. 



Jones, therefore, if a man of business and wise, 

 would not entertain either of these ideas ; but know- 

 ing that in entering on speculations promising a very 

 much larger return than the interest he was already 

 paying for borrowed money, every day passed in 

 inactivity was certain loss, he would immediately 

 set about developing the resources of his estate him- 

 self if he could. Or, commencing such experi- 

 mental operations as would enable him to lay his 

 projects before the public, with such convincing data 

 -such positive proofs of success, as would at once 

 guarantee the whole of his shares being taken up, 

 and insure him besides a handsome premium for the 

 risks incident on new experiments if he could not. 

 That Jones, if equal to the management of large 

 operations, should, tentatively, undertake the develop- 

 ment of the resources of his own estate, in preference 

 to having* recourse to foreign agency, would cer- 

 tainly be better for the community of his tenantry, 

 individually and collectively, and for himself. And 



