rot**.— fkfl fce. 1*7 



ill other laLor. In fact, he hardU tWrlslllis port of the 

 culltv tiliorj (o lie any expense. Should the proprietor 

 of good land get one-third of the gross produce value 

 as rent, then he would receive, under the ploughing 

 s\stern, 140 Spanish dollars for 20 orlongs of land, 

 and his tenant would have 204 dollars a tier ded net ing 

 the wages of labor, Tudor the tajah method his rent 

 would he the same while his tenant would get 143 

 dollars, assuming that the rate of productiveness is 

 the sanje in both cases ; the difference hi profits aris- 

 ing from a saving of labor and no! h orn increase of 

 produce. In both rases die landlord would receive a, 

 di.spro[> ortionate share of the produce of his land, 

 w hile the tenant would have high profits. 



Under such a rate of profit*, arising too from ^ 

 *mall outlay of capital on the part of the fanner, the 

 landlord, it might he said, shnul<| have a tar larger 

 fchare in shape of rent, Rut although it is highly 

 probable lhat his rents w ill rise, it is also pretty cer, 

 tain that the risks attending cultivation will muse that 

 rise to be slow . Perhaps if prices of produce do not 

 Ml much, or labor becomes dear, he may hereafter 

 be able to obtain a third of the gm*s produce as rent. 



The foregoing remarks rest on ascertained data, 

 but from the nature of the country and the populate 

 on they may not always be invariably applicable. 



If four dollars he taken as the average money-reitt 

 per orlong of good grain land, the corresponding num- 

 ber of years' purchase would be, on an average, about 

 Six years. An average of price* will not determine 

 this point ; for fttodjj wdl depend on the capital which 

 confined profits in other channels may compel the 

 holders to, invest in hind. If this were to he the rule, 

 then instances could be adduced of sales at ten years* 

 ptirchasa. The competiibu f>r fresh rhvsland is now 

 *o great that the disposable quantity will n\ *t proba- 



