Illustrations of political economy, Volume 2 (of 9)Martineau, Harriet
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Illustrations of political economy, Volume 2 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
“Why, then, did you advise him to lay out his capital upon his old land?
Either way must have been just the same to him in point of profit, if
whatever was left over was to go to the landlord.”
“By no means. Forbes had now a lease of his superior land, so that he
could take for his own share all the difference between his present rent
and that which he would have to pay when his lease expired. He went on
growing rich, since he not only made the fair profits of his capital,
but had the benefit of all improvements till the time came for a new
lease.—He laid out more and more capital upon his land, and though each
time it brought in a smaller return in proportion, and though each would
cause his rent to be raised hereafter, he went on improving for a long
time.”
“What made him stop?”
“Finding that he would not be repaid for a further outlay.”
“What did he do with his money then?”
“He came to the surveyor and agent, and told them that the corn raised
would sell much higher if there was an easier way of getting it into a
good market. There were so few who wanted to buy corn within a
convenient distance of this little settlement, that it was sold very
cheap indeed, and was often changed away for things not half the value
it would have had in a town. Forbes thought it would be worth while to
make a good road to join a canal on which there was traffic to many
populous places. He offered to advance a part of the capital necessary,
if the agent would pay the rest. It was done, and all parties found the
advantage of it. Poor Keith began to prosper now, though he had to pay
rent, and to see it raised from time to time.”
“What! Rent raised again! Every thing seems to raise rent.”
“High prices do, as a matter of course. When the corn sold so well as to
afford the settlers a fine profit, other settlers were in a hurry to
come and grow corn, and the original cultivators improved their land
more and more, and rents rose in proportion. Those who had long leases
got up in the world rapidly, and the owners of the land were presently
much more than paid for making the road.”
“But, Angus, rent seems to rise and rise for ever!”
“It would do so, if all countries were in the state of the one I have
been describing. Wherever there is the greatest variety of soil, and the
largest demand for food, rent rises fastest. The more equal in
productiveness lands are made by improvement, and the more easy it is to
obtain supplies from other places, the slower is the rise of rent.
Forbes and Canmore were expecting to have their rents lowered when I
left them, for it was so easy to get corn in abundance that the price
had fallen very much, and would not pay for tilling some stubborn soils,
which were therefore let out of cultivation.”
“I wish you would tell the Murdochs this,” said Ella. “They want me to
think it hard of the laird to ask rent for my fishery; and they say that
the price of herrings will rise as fast as the islands pay rent.”
Public-domain text, read in full here on John Shaqi.
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