employment; lower the revenue; augment the poor-rates; and utterly disorganise society. And yet what help for it? The farmer cannot be expected to pay for the privilege of losing several hundreds per annum by cultivation. Let Mr Watson's statement be examined, and it will appear that the enterprising and skilful tenant of a farm of five hundred acres, in the best corn district of Forfar, cannot clear his expenses unless the rent of the land is reduced by one-half, and, even if that were done, he could only realise a profit of sixpence per acre! Such a result, we fairly allow, would appear, at first sight, to be incredible; yet there it is--vouched for by men of name, character, and high reputation. This is the extreme case; but, if we pass to Berwickshire, we shall find that a reduction of half the rent would barely place the tenant in the same position which he occupied previous to the withdrawal of protection. Look at No. IV., and the result will appear worse. Even were one half of the rent remitted, the profits of the tenants, at present prices, would be less by £100 than they were at the former rates of corn. Very nearly the same results will be brought out, if we calculate the necessary reductions on the rents of the Mid-Lothian farms. Lord Kinnaird may see in those tables the fate which is in store for him; and he cannot hope to escape it long, even by inserting, in his new leases, the most stringent stipulations as to money payments which legal ingenuity can devise. It is just possible that "men of business habits," retired shopkeepers, and others of that class, may be coaxed and persuaded into trying their hands at a trade of which they know literally nothing. They may be incautious enough to put their names to covenants, not conceived according to Mr Caird's liberal principle, and so pledge their capital for the fulfilment of a bargain which common sense declares, and experience proves, to be preposterous. The necessary consequence will be, that the rent must be paid out of capital, a process which cannot last long; and the unhappy speculator, as he finds his earnings disappearing, will curse the hour when he yielded to the delusion, that high farming must be profitable in spite of the variations of price. The poor seamstress, who weekly turns out of hand her augmented number of improved shirts--and who lately, though on exceedingly erroneous principles, has found a warm advocate in the kind-hearted Mr Sydney Herbert--has, in her own way, tested the value of the experiment. There is more cotton to be shaped, and more work to be done, but the prices continue to fall. She makes two additional shirts, but she receives nothing for the additional labour, because the remuneration for each is beaten down. The free-trade tariffs are the cause of her distress, but the unfortunate creature is not learned in statistics, and therefore does not understand the source of her present misery. No more,