6 



serious and extensive injury the crop of last year 

 sustained. 



The experience of the next few months 

 will show, whether, as the extraordinary cause 

 for depression becomes weaker, the influence 

 of the other natural cause of advance will or 

 will not be felt, so as to produce a temporary 

 advance above the level of ordinary years, and 

 above that customary and permanent price, 

 which with average crops and propitious seasons, 

 and a continuance of foreign and domestic peace, 

 we may with reason and probability look forward 

 to. But should this prove the case, and should 

 a material advance take place between this time 

 and the next harvest, adding 10s. or 20s. or even 

 more, to the present value of the quarter of wheat ; 

 as the cause will be temporary in its nature, the 

 effect must be expected to be temporary also ; 

 and the inference will by no means be destroyed 

 or disturbed, that 54s. is now as high a price as 

 any prudent occupier will rely upon in making 

 his future calculations. 



Let us, then, here pause, and stop to make a 

 comparison between the effects of prices at 80s. 

 and at 54s. and let us take as an example the 

 case of an occupier at a rent of 100/. set under 

 the supposition that wheat was to maintain the 

 price of 80s. per quarter, and that his gross re- 



