[ 360 ] 

 plan) farm more than reqniiite for can Vr 

 jng on his improvements; by improving, 

 I mean turning his vvafte lands into farms, 

 as foon as poflible : this in every flage of. 

 it is twenty, nay forty times mere profit- 

 able than any farming in the world for liis 

 money, though a fmall fum comes round 

 very fpeedily; and proportioned to its 

 amount, brings ten times the quantity of 

 land into profit than farming it would 

 allow. Thus the fm.ali comparative profit 

 of farming, mud never be ufed as an argu- 

 ment againfl the greater benefits of im- 

 proving ; lince they are utterly diflinft : 

 merchandize and improvements m.ight as 

 well be compared. 



The confideration of this point leads 

 me here to remark, that this great profit 

 on imiprovements all depends on the im- 

 prover's mortgaging his new farms, as fait 

 as he makes them. If he changes this 

 condu6i, all the preceding immenfe profits 

 vanifh at once. In the lafi: calculation, 

 the firfl fum is only 1700/. Suppofe the 

 farm made by it is not mortgaged, in that 

 cafe he m>uft provide at the fame time for 

 the expences of the fecond year, or 1361 /. 

 piore j thus mud his capital be double at 



once. 



