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such operations, he might find it his advantage 

 to effect an arrangement with them, by which the 

 undertakings might he worked, something on the 

 metayer principle, i. e. the tenants finding the capital 

 and labor, and the proprietor recieving a royalty 

 of one half of the profits. This plan would 

 equally well effect the desired end the louver strata 

 of the people being enriched by the working ex- 

 penses, the higher by one half of the profits, and 

 the lord of the soil by the other. The estate 

 itself would be benefitted by the great addition 

 to its productive wealth. 



But it remains to be considered what course 

 Jones would pursue if his tenants were all very 

 simple people, and possessed of neither enterprize nor 

 wealth sufficient to render them an efficient means 

 to the desired end. The first idea that suggests 

 itself is, that in such circumstances, Jones would 

 be forced to adopt the first mentioned plan ; that is, 

 having first satisfied himself, by the most careful en- 

 quiry and examination, or by experiment, that he had 

 good ground to assume a profitable result, to under- 

 take the task himself provided he had capital to 

 carry U out, or security or credit on which to borrow. 

 And tne latter contingency, of course, assumes, that 

 the anticipated return from the working of the 

 several sources of wealth on the estate, would far 

 exceed the normal rate of interest of money at 

 the time. 



