[Footnote--A Parliamentary return gives the following information as to the value of lands and messuages in 1814 and 1874: 1814-15. 1873-74. Lands, L34,330,463 L49,906,866 Messuages, 14,895,130 80,726,502 The increase in the value of land is hardly equal to the reduction in the value of gold, while the increase in messuages shows the enormous expenditure of labor.] The increase represents a sum considerably more than double the national debt of Great Britain, and under the system of leases the improvements will pass from the industrial to the landlord class. It seems to me to be a mistake in legislation to encourage a system by which these two funds merge into one, and that hands the income arising from the expenditure of the working classes over to the tenants-in-fee without an equivalent. This proceeds from a straining of the maxim that "what is attached to the freehold belongs to the freehold," and was made law when both Houses of Parliament were essentially landlord. That maxim is only partially true: corn is as much attached to the freehold as a tree; yet one is cut without hindrance and the other is prevented. Potatoes, turnips, and such tubers, are only obtained by disturbing the freehold. This maxim was at one time so strained that it applied to fixtures, but recent legislation and modern discussions have limited the rights of the landlord class and been favorable to the occupier, and I look forward to such alterations in our laws as will secure to the man who expends his labor or earnings in improvements, an estate IN PERPETUO therein, as I think no length of user of that which is a man's own--his labor or earnings--should hand over his representative improvements to any other person. I agree with those writers who maintain that it is prejudicial to the state that the rent fund should be enjoyed by a comparatively small number of persons, and think it would be advantageous to distribute it, by increasing the number of tenants-in-fee. Natural laws forbid middlemen, who do nothing to make the land productive, and yet subsist upon the labor of the farmer, and receive as rent part of the produce of his toil. The land belongs to the state, and should only be subject to taxes, either by personal service, such as serving in the militia or yeomanry, or by money payments to the state. Land does not represent CAPITAL, but the improvements upon it do. A man does not purchase land. He buys the right of possession. In any transfer of land there is no locking up of capital, because one man receives exactly the amount the other expends. The individual may lock up his funds, but the nation does not. Capital is not money. I quote a definition from a previous work of mine, "The Case of Ireland," p. 176: