chap, in.] WEST INDIES. 65 
cost. The credit therefore of which I speak, con¬ 
sidered as a capital, must not only be extensive 
but permanent. 
Having premised thus much, the application of 
which will hereafter be seen, I shall employ my 
present inquiries in ascertaining the lair and well- 
established prices at which a sugar estate may at 
this time be purchased or created, and the profits 
which may honestly and reasonably be expected 
from a given capital so employed; founding my 
estimate on a plantation producing, one year with 
another, two hundred hogsheads of sugar of sixteen 
cwt. and one hundred and thirty puncheons of rum 
of one hundred and ten gallons each: an estate of 
less magnitude, I conceive, for the reasons before 
given, to be comparatively a losing concern. Af¬ 
terwards I shall endeavour to account for the ea¬ 
gerness which has been shewn by many persons 
to adventure in this line of cultivation.—I begin 
then with the 
Vo). Ilf. 
I 
