meiitar}^ redundance, cost the nation above 

 forty millions. 



To stop this ruinous expenditure, and to 

 provide food for an increasing population, is 

 a problem of vital importance, and happy 

 shall we be, if in the solution of it, we find 

 employment for the industrious and unoccu- 

 pied poor. 



You carry your speculations still further, 

 and " hope to see us become growers of 

 grain, and instead of supplying Europe with 

 manufactures, furnishing it with /bo^i and 

 you say, " you do not know to what extent 

 grain might not be multiplied, by the appli- 

 cation of capital to agriculture/^ 



I know not any person so well qualified to 

 pronounce upon this subject as you are ; — of 

 long experience — acute penetration — and ex- 

 tensive practice on every scale. Who can 

 so well judge of the value of capital., in a line 

 which you have so long pursued w ith the 

 greatest zeal, and for your success in which 

 you have obtained the highest applause ? 



Nor are you to suppose I entertain a dif- 

 ferent opinion from you on the subject of 

 capital, when I tell you, that in the following 

 Essay, I in no one instance call for capital to 



