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The importance of capital in every branch of in- 

 dustry is universally acknowledged, and in none is 

 it more requisite than in farmings ; when there is any 

 want here, the farmer cannot derive the fiill profit 

 from his exertions, as he wiU often be necessarily 

 obliged to sell his crops for less than their value, to 

 procm'e ready money, and the want of capital again 

 would prevent him from making advantageous pur- 

 chases on favourable opportunities — if a farmer has 

 not sufficient live stock to work his lands in the best 

 manner, as weU as to raise a sufficient quantity of 

 manure, nor money to buy the articles required for 

 the farm, he must live in poverty and hard labour, 

 and the first unfavourable season will sink him undep 

 the weight of his burthens — when on the other hand, 

 he farms within his capital he can embrace every 

 favourable opportunity of buying when prices are 

 low, and of seUing when they are high. The amount 

 of capital required must depend on circumstances, as, 

 whether it is necessary to expend any sums in build- 

 ing or repairing the farm-house and offices, the con- 

 dition of the farm at the commencement of the leas^ 

 and whether any sums are to be laid out in draining, 

 enclosing, levelling, &c. whether it is necessary to 

 purchase lime or other manure, and to what extent. 

 If you set up a huxter's shop, you must first have 

 a little cash or credit, for buying crockery or what- 

 ever else you intend to deal in; but if you set up for 

 a land holder, you don't think it so necessary to have 

 a command of money ; the fa'rm is to do every thing 

 of itself. So you commence with sowing corn, (which 

 perhaps you buy on usurious credit) on some field, 

 which your nearest neighbour persuades you is not 

 entirely worn out, but ^viU bring oats any how, 

 instead of using such means as wiU bring it into heart 

 again, and living for a year or two chiefly on your 

 capital, or, if you get a really good field, you run it 

 out from over cropping, and when it can yield no 

 more, from want of manure, you are unable to pay 

 the landlord, and are mined. 



