The tide of emigration coming in from the older colonies is a certain sign of rapid success; those who arrive from these places are men who have done well in the first country of their adoption; but to this they had repaired when it was thinly inhabited, when land was of very low value and to be procured near the capital; there they have realized largely, but it appears to them that nearly all the good things have now been picked up; property has attained such a value that it rises but slowly, indeed is almost stationary in price; and the country is so largely stocked that they are driven to establish their sheep-stations at such a distance from the sea coast that the expense of the transport of their wool thither greatly detracts from its value. Under these circumstances once again do they emigrate, to repeat in a new land the operations which have before yielded them so lucrative a return; and, strong in past experience, they smile at the errors committed by the younger settlers, from which they reap many advantages. ITS EFFECTS UPON ALL CLASSES. But time and intellect are all worth much more in Australia than they are in England, and everyone can realize upon his capital and speculate profitably upon his intelligence, activity, and strength; for all of these he gets paid, hence but few men are willing to follow professions. Clergymen too often turn farmers and speculators, even if they do not altogether throw aside their sacred character. Medical men but rarely pursue their practice, when such remunerating fields of enterprise are laid open to them; soldiers abandon their calling; and the government officers are all virtually farmers and stock-owners. This is to be expected, from the character of man. In a new colony everything increases rapidly in worth--a landed estate which can be bought in the early stages of its existence at a mere nominal price grows yearly in value without a penny being expended upon it; stock increases in a geometrical ratio, at little or no cost, for there is plenty of land to pasture them upon. Nothing of this kind either does or can take place in England; and when the settler finds how changed his prospects are, and how new means of acquiring wealth are opened to him, he too often devotes his every thought and energy to the one object; and so far will this passion lead men that I have known an honourable member of council and leading magistrate in a colony take out a retail license, and add to his already vast wealth from the profits of a gin shop.