Derry, with its active traffic, its elegant iron bridge over the Foyle, the fine, new buildings which attest its wealth, justifies that impression. It is the capital of the famous “Ulster plantation” of James I., entrusted by him to the “Honourable Irish Company,” which included twelve guilds of the city of London. For a century or two those grants of land did not answer as had been expected. But they have ended, in the course of time, by being prosperous. The municipal estates of Coleraine and Derry are accounted now the most flourishing in the island. Yet it does not follow that the tenant’s situation is very brilliant, even in Ulster. One of the counties of the province, Donegal, is the poorest in all Ireland, and two or three others are not much better. Even in the richest parts the tenant bears chafingly the yoke of landlordism. The Antrim Tenant Association went so far this year as to ask for a 50 per cent. reduction on rent, owing to the low price of produce and the sheer impossibility of going on paying at the previous rate. It must be noted that tenant-right being rigorously observed in Ulster, the farmer always pays when he is able; for any remissness in paying would diminish by as much the value of his share in the proprietorship, which is estimated on an average at 8 or 10 times the annual farm rent. The newspapers of the county, even when unfavourable to agrarian revendications, unanimously acknowledge that by reason of the constant going down of prices, resulting from American competition, the present condition of the agriculturist is about as bad as it was in the worst famine times. All the farmers without exception, be they of Scotch or Irish race, aver that they actually pay from their own pockets every penny they give the landlords; that is to say, they borrow it in the shape of a loan on the value of their tenant-right. Such a state of things cannot continue. It explains how it is that Presbyterian peasants, the most ardent enemies of Papistry—in theory—none the less give the majority, even in Ulster itself, to the representatives of Home Rule and the liquidation of landed property. * * * * * PORTRUSH AND THE GIANT’S CAUSEWAY.