When I read these edifying figures, I sincerely congratulated myself upon not being a landowner in County Kerry, and I thought that if I had the ill luck to possess any land there I should have real pleasure in selling it, as soon as possible, for any price it would fetch, and in getting away. I can quite sympathise with landowners who never go near their estates, and I cannot see how the Nationalists can reproach them. Still, possibly whilst creating this state of affairs, the latter may have some mental reservations. No doubt they think that by rendering life intolerable to the landowners, they will depreciate the price of land so much that they will be able to share it gratuitously amongst themselves. Perhaps they will attain this result. But as I have already said several times, what advantage will they find in that? At the commencement of the Revolution the French peasants made the same calculation; they pillaged the castles, massacred the owners when they could, and divided the estates of those who had succeeded in emigrating, to punish them for getting away. The operation has been fairly profitable for many of them. That is because at that time, and particularly a little later, the land, through the difficulty of transport, had a real value. But now the situation is quite altered; in every country in the world the land tends to have only the value which the capital employed in its cultivation may give it. What is the use of pasturage, if, on one hand, there are no more farmers, and if, on the other, one has not money enough to buy the cattle necessary to place on it before a profit can be obtained? Therefore, in our days, the emigration of capital from a country is an irremediable disaster. Now they can scarcely have any idea of making the landowners emigrate, yet of retaining their capital. I humbly venture to suggest a few of these reflections to my friends in the Land League. I think they would be wise to ponder over them in their own interest, for if they realise their programme, it may happen that as soon as the population see the results of the campaign they have led them through, a reaction may be produced, and they would be its first victims.