Some Present-Da^ Policies. 



53 



The Changes in Each Group of Holdings between 



1913 AND 1919. 



These tables do not show that the advantage hes with 

 small holding-s or that under competitive conditions the 

 small holder can hold his own. If he could there would 

 not be any necessity for special legislation, nor for the 

 expenditure of public funds in creating small holdings. 

 The resort to direct subsidy of small holdings by the State 

 is not defended on economic grounds. It is justified from 

 the standpoint that it is in the best interests of the nation 



