No tenaiicy-at-wiU or with a year's notice, however favourable the con- 

 ditions of compensation for unexhausted improvements, can give the farmer 

 security beyond the year. . . . The "good understanding" which has 

 hitherto as a rule protected the English farmer under a yearly tenancy will 

 not for many years longer be able to stand the inevitable pressure of home 

 and foreign competition. (Sir James Caird.) 



The magic of property turns sand to gold. . . . Give a man the secure 

 possession of a bleak rock and he will turn it into a garden. (Arthur Young.) 



The farmer compared with the proprietor is as a merchant who trades 

 with borrowed capital compared with one who trades with his own. . . . 

 The station of a farmer besides is from the nature of things inferior to that 

 of the proprietor. (Adam Smith.) 



