Such have been the fruits of the new Irish land code, on the side of the occupation of the Irish land. Legislation, essentially faulty and unwise, in conflict with economic science and the facts of the case, has taken from the Irish landlords their chief proprietary rights, and forcibly transferred these to their tenants; it has not conferred the benefits it intended on an unfairly favoured class; it has wrought a revolution in the Irish land system, in contravention to plain justice, and given it an unnatural and evil aspect; it has caused iniquitous confiscation on a vast scale and demoralisation profound and widespread, with the far-reaching inherent mischiefs; and bad administration has made bad laws worse. Political economy, spite of Mr. Gladstone, has not fled from this world at his bidding; she looks on, so to speak, at the ruins in Ireland produced by the violation of her most certain principles; I will add, she affirms the claim to compensation of the Irish landlord, if the simplest equity is not to be set at nought. As to the general situation evolved by the present Irish land code, I may refer to these pregnant words of Mr. Lecky: 'It cannot be denied that this legislation has redressed some hard cases and benefited a large number of tenants; and as few men look beyond immediate consequences, or rightly estimate those which are indirect and remote, this fact is accepted by many as its justification. For my own part, I believe that it will one day be found that the evils resulting from this policy have greatly outweighed its benefits, and that they will fall far more heavily on another class than on the small class which was directly injured. In a poor country, where increased capital, improved credit, and secure industry are the greatest needs, it has shaken to the very basis the idea of the sanctity and obligation of contract; made it almost impossible to borrow any considerable sum on Irish land; effectually stopped the influx of English gold; paralysed or prevented nearly all industrial undertakings stretching into a distant future. It has reacted powerfully upon trade, and thus contributed to impoverish the Irish towns, while it has withdrawn the whole rental of Ireland from the improvement of the soil, as the landlord can have no further inducement or obligation to spend money on his estate. In combination, also, with the Home Rule movement, it has driven much capital out of the land.'[143]