of wild, unreasoning destitution in the proprietor. We would ill like to see him vested with the power to decide absolutely in his own case, whether it was his tenant that was to be ruined, or he himself that was to want an income, knowing well beforehand to which side the balance would incline. Nor would we much like to see our tenantry at the mercy of even an average class of proprietors, by no means in the extreme circumstances of their poorer brethren, but who, with an unimpeachable bond in their hands, that enabled them to say whether it was they themselves or their tenant neighbours who were to be the poorer in consequence of the induced change, would be but too apt, in accordance with the selfish bent of man's common nature, to make a somewhat Shylock-like use of it. Stout men who have fallen into reduced circumstances, and stout paw-sucking bears in their winter lodgings, become gradually thin by living on their own fat; and quite right it is that gross men and corpulent bears _should_ live on their own fat, just because the fat is their own. But we would not deem it right that our proprietors should live on their farmers' fats: on the contrary, we would hold it quite wrong, and a calamity to the country; and such, at the present time, is the great danger to which the tenantry of Scotland are exposed. Justice imperatively demands, that if some such change is now to take place in the value of farms, as that which took place on the regulation of the currency in the value of money, the ruinous blunder of 1819 should not be repeated. It demands that their actual rent be not greatly increased through the retention of the merely nominal one; that the tenant, in short, be not sacrificed to a term wholly unchanged in sound, but altogether altered in value. And such, in reality, is the object for which the farm-holding agriculturists of Scotland have now to contend. It is the only quarrel which they can prosecute with a hope of success.