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If objeclions are raifed to mortgaging 

 the farms as faft as they are let j the per- 

 Ions who make thofe objedions Ihould cal- 

 culate improvements upon any other prin- 

 ciple; and they will then find the im- 

 menfe difference in profit between fuch 

 confined operations, and the plans which 

 ' I liave recommended ; the one will un- 

 doubtedly make an hundred thoufand 

 pounds before the other gets twenty thou- 

 fand. 



Thus are the operations of lending and 

 borrowing money the grand principle of 

 kich undertakings ; wherein they are exe- 

 cuted upon the plan of moft public works; 

 fuch as turnpikes, drainings, navigations, 

 &c. If the commiflioners of fuch were to 

 expend their income, inftead of mortgag- 

 ing it, when would their works be com- 

 pleted ? 



Such pofTeffors of wafle land as are of 

 more tim,orous natures, or who rejeft the 

 trouble of executing fuch works, Ihould 

 by all means lend money to underftanding 

 people, to execute them upon their own 

 account. The man who pays 4 per cent, 

 in te reft for money to be expended on the 

 lender's land, when fuch land will let for 



nothing 



