corn. — T?*^'.*, Profits and Labor, 145 



to foregoing intimates, that these profits and rents 

 would be much higher ilian lias been here allowed. 

 Hut f.*rf imatelv, from the demand for luhor lading 

 considerable, and resources being at hand to coun- 

 teract any relaxation in the intensity of that demand, 

 the rate of wages is such as to admit of a surplus for 

 conveniences ; and if the: lab mrcr would not relax his 

 cf-brts, but save when he mij;lit. then labor would 

 rise, because competition would be diminished. 



it would nut be advantageous to the State, to the 

 actual proprietor holding under it, or to the cultiva- 

 tor, were the latter to take poor land for a long- period, 

 or even fur a moderate one, at an unvariable or fixed 

 rate, in either case he would not improve the laud, 

 a i l would probably leave it in sue!* a condition that 

 it would yield no rent. 



It is in favor of the supposition that poor land will 

 rise in the scale of productiveness, and in value, that 

 the price of the instruments of agriculture or stock, 

 and the quantity of additional labor required for im- 

 provements on ii, do u>t perceptibly exceed what are 

 Hunted for lb*' cultivation of bind of medium fertility. 

 The chief increase of exjainse will arise from manur- 

 ing. S > that if wage! should fall at the same time, 

 a rent will necessarily be separated. Thus it should 

 seem, that with a very (rifling additional expense, 

 poor hinds will be cultivated without materially, if at 

 all, affecting the rents er profits on good land ; but 

 white produce contiuues to increase on good laud 

 susceptible of improvement, the rents may not be 

 actually proportioned thereto, although the landlord 

 will, without doubt, if prudent, be able to oh'a'u a 

 larger share of.the produce, than he before had. 



Descending from the highest to the lowest descrip- 

 tion of rice laud ami assuming tbat the average rate 



of m iitfv-reut fin the best land is 4 Spanish dollars an 



9 



