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weeks' interval apart, into momentary communica- 

 tion. Already lines of rails are in progress, that 

 will soon connect all the great centres of political 

 and mercantile importance. A firman has gone 

 forth, authorizing the holding of lauded property by 

 Europeans in India. They are thronging into the 

 country. Banking establishments, joint stock Com- 

 panies for the manufacture of Indigo, Cotton, Tea, 

 Coffee, Beer, Salt, &c. for the mining of Coals and 

 Iron, Companies for sea and river steam communi- 

 cation Tramway and other Companies are springing 

 up in all directions. A tide of the precious metals, 

 undoubtedly, is setting in with such a full flood, that 

 people may well wonder whether India can, at once, 

 absorb the silver stream that is rolling in ; land is 

 being reclaimed ; trade is being extended ; wages 

 are rising ; India, in short, imbued with fresh life 

 and vigor, is rapidly growing. And will the develop- 

 ment of these beginnings not effect a change in the 

 relative values of land and capital? Will it not 

 enhance the money value of the community's share of 

 the produce of the soil ? Most certainly it will ? 



Under the circumstances then, if far distant, it 

 cannot be said that the time will not come when 

 the land of India may be worth, not twenty-five 

 years' purchase at present rates; but twenty-five 

 years' purchase at infinitely higher rates than any 

 that have ever yet prevailed in India. And setting 

 aside legal considerations regarding the right of a 



