"My deliberate judgment is, that all lands which are worth plowing, which is not the case with all lands that are plowed, would _be improved_ by draining; but I know that our farmers are neither able nor ready to drain to that extent, nor do I insist that it would pay while land is so cheap, and labor and tile so dear as at present. Ultimately, I believe, we shall tile-drain nearly all our level, or moderately sloping lands, that are worth cultivation." Whether land would be _improved_ by drainage, is one question, and whether the operation will _pay_, is quite another. The question whether it will pay, depends on the value of the land before drainage, the cost of the operation, and the value of the land when completed. And the cost of the operation includes always, not only the money and labor expended in it, but also the loss to other land of the owner, by diverting from it the capital which would otherwise be applied to it. Where labor and capital are limited so closely as they are in all our new States, it is a question not only how can they be profitably applied, but how can they be _most_ profitably applied. A proprietor, who has money to loan at six per cent. interest, may well invest it in draining his land; when a working man, who is paying twelve per cent. interest for all the capital he employs, might ruin himself by making the same improvement. DO ALL LANDS REQUIRE DRAINAGE? Our opinion is, that a great deal of land does not in any sense require drainage, and we should differ with Mr. Greeley, in the opinion that _all_ lands worth ploughing, would be improved by drainage. Nature has herself thoroughly drained a large proportion of the soil. There is a great deal of finely-cultivated land in England, renting at from five to ten dollars per acre, that is thought there to require no drainage. In a published table of estimates by Mr. Denton, made in 1855, it is supposed that Great Britain, including England, Scotland, and Wales, contain 43,958,000 acres of land, cultivated and capable of cultivation; of which he sets down as "wet land," or land requiring drainage, 22,890,004 acres, or about one half the whole quantity. His estimate is, that only about 1,365,000 acres had then been permanently drained, and that it would cost about 107 millions of pounds to complete the operation, estimating the cost at about twenty shillings, or five dollars per acre.