136 Letting of Farms by private Auction 



For the purpose of securing to the proprietor 

 his rent, in many instances the agent guaran- 

 tees the amount, on an allowance of a certain 

 poundage. Under this condition, rents too 

 high subject them undoubtedly to some risk of 

 loss. 



The practice of letting estates by tickets, or 

 sealed tender, has prevailed to a considerable 

 extent in many parts of England, but it has 

 been highly injurious to various properties. 

 Adventurers, as destitute of sufficient capital as 

 of experience, have thus been enabled to dis- 

 possess old tenants ; and most commonly, after 

 a very short occupation, the farms have been 

 to be re-let ; on which occasions they have 

 frequently been hired under their true annual 

 value. 



This system exhibits great want of liberality, 

 and must have originated in ignorance, and 

 been adopted by idleness. Great commercial 

 companies opulent merchants, and others as 

 wholly unacquainted with the relative value of 

 their estates to an occupier, as are their con- 

 fidential professional friends sitting in chambers 

 of the inns of court, were easily induced, be- 

 cause it saved them trouble, to subscribe to this 

 summary mode of proceeding. 



