liiK AGRARIAN REFORM OF 1903. 151 



vould not in that case have been possible 

 to effect sales at from as. to 8s. reduction in 

 rent I robably the rush to purchase on the 



rt of the t would then have been less 



There is only the question wh< 

 tliis mi-ht not have been the more desirable 

 result. In Ireland, the magic of property consists 

 in the fact tl cheaper by 25 per < 



get it than not to get it It is not the acquisition 

 of property but the refusal of it that is associated 

 tices. There are therefore a number 

 of individuals who are forced into pea- 

 proprietorship, a way of life in which they 

 cannot get on, because they do not possess 

 and cannot possess the qualifications, material 



vhich would fit them for it. The St 

 will lose nothing by them, for their holdings 



irity for the advances. It is, however, a 

 thoughtless application of the credit of the St 

 when those who ought to benefit by it have 

 end in the bankruptcy court. Already under the 



'.bourne Act cases of this unfittedness came to 

 light not very un frequently. 1 Under theWyndham 

 Act, they will naturally be far more numen 



The Irish tenant often has not sufficient capital 

 to work his holding. The reduction in his rent 

 will, indeed, make it easier for him to obt 

 working capital, especially as we have seen that 

 the legislation which gave him a part owner - 



;> in his farm has facilitated this object, and 



1 Bailey's Report, pp. 8-1 1. 



