In the first place it appears, from a parliamentary return, that the holders of farms who, in 1845, were 310,000 over the Emerald Isle, had sunk in 1848 to 108,000. _Two hundred and two thousand cultivators of land_ have disappeared in three years, and with them at least half of the capital by means of which the land was made to produce anything. In the second place, as we noticed in our last Number, the bank returns corroborate, in the most fearful manner, this alarming decrease in the agricultural capital and industry of the country. Ireland, it is well known, is almost entirely an agricultural country. Now, from the returns of the bank-notes in circulation in Ireland, as made to government in terms of the act of 1845, it appears that, while in August 1846, _there were £7,500,000, they had sunk, in August 1849, to £3,833,000_! Othello's occupation is gone! The bank-notes can find no employment: the bankers no customers. Free trade and the bank restrictions have in three years reduced the circulation which the country could take off to half of its former amount. In the third place, if we cast our eyes across the Atlantic, we shall see where the cultivators and agricultural capital of Ireland have gone. During the years 1847 and 1848, out of the 250,000 emigrants who annually left the British Isles, about 180,000 were from Ireland. But this year 1849, when the duties on grain became nominal in February, outdid all its predecessors in the magnitude of the stream of human beings which it caused the Emerald Isle to send across the Atlantic. It has been already mentioned that, up to October 10, 1849, 189,800 Irish emigrants had landed at New York, besides 10,000 at Boston. If to these we add the probable number to Canada, perhaps 30,000, we shall have at least 230,000 Irish who have emigrated _in one year_ to America--and that a year of general peace, a fine harvest, reopened Continental markets, and revived manufacturing industry in the empire. And the Irish _county_ members formed a large part of Sir R. Peel's majority which carried free trade in 1846. Truly they have smote their constituents hip and thigh. After these facts, and the woful one, that about 2,000,000 paupers are kept alive in Ireland by a poor-rate of £1,900,000 a-year, which is crushing the little that remains of industry and cultivation in the country, it is superfluous to go into details. But the following extracts from that powerful free-trade journal, _The Times_, are so graphic and characteristic of the effect of its own favourite measures, that we cannot forego the satisfaction of presenting them:--