The squatter is the nabob of Melbourne and Sydney, the inexhaustible mine of wealth. He patronizes balls, promenade concerts, flower-shows; he is the mainstay of the great clubs, the joy of the shopkeepers, the good angel of the hotels; without him the opera could not be kept up, and the jockey-clubs would die a natural death. Neither squatters nor townsfolk will admit that this view of the former‘s position is exactly correct. The Victorian squatters tell you that they have been ruined by confiscation, but that their neighbors in New South Wales, who have leases, are more prosperous; in New South Wales they tell you of the destruction of the squatters by “free selection,” of which there is none in Queensland, “the squatter‘s paradise;” but in Queensland the squatters protest that they have never made wages for their personal work, far less interest upon their capital. “Not one of us in ten is solvent,” they say. As sweeping assertions are made by the townsfolk upon the other side. The squatters, they sometimes say, may well set up to be a great landed aristocracy, for they have every fault of a dominant caste except its generous vices. They are accused of piling up vast hoards of wealth while living a most penurious life, and contributing less than would so many mechanics to the revenue of the country, in order that they may return in later life to England, there to spend what they have wrung from the soil of Victoria or New South Wales. The occupation of the whole of the crown lands by squatters has prevented the making of railways to be paid for in land on the American system; but the chief of all the evils connected with squatting is the tendency to the accumulation in a few hands of all the land and all the pastoral wealth of the country, an extreme danger in the face of democratic institutions, such as those of Victoria and New South Wales. Remembering that manufactures are few, the swelling of the cities shows how the people have been kept from the land; considerably more than half of the population of Victoria lives within the corporate towns. A few years back, a thousand men held between them, on nominal rents, forty million acres out of the forty-three and a half million--mountain and swamp excluded--of which Victoria consists. It is true that the amount so held has now decreased to thirty million, but on the other hand the squatters have bought vast tracts which were formerly within their “runs,” with the capital acquired in squatting, and, knowing the country better than others could possibly know it, have naturally selected all the most valuable land.