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equal to what it could maintain�察�if managed in the most

economical manner�察�on account of the high wages which are

sometimes given to labour。 But it can always purchase such a

quantity of labour as it can maintain�察�according to the rate at

which the sort of labour is commonly maintained in the

neighbourhood。

     But land�察�in almost any situation�察�produces a greater

quantity of food than what is sufficient to maintain all the

labour necessary for bringing it to market in the most liberal

way in which that labour is ever maintained。 The surplus�察�too�察�is

always more than sufficient to replace the stock which employed

that labour�察�together with its profits。 Something�察�therefore��

always remains for a rent to the landlord。

     The most desert moors in Norway and Scotland produce some

sort of pasture for cattle�察�of which the milk and the increase

are always more than sufficient�察�not only to maintain all the

labour necessary for tending them�察�and to pay the ordinary profit

to the farmer or owner of the herd or flock�察�but to afford some

small rent to the landlord。 The rent increases in proportion to

the goodness of the pasture。 The same extent of ground not only

maintains a greater number of cattle�察�but as they are brought

within a smaller compass�察�less labour becomes requisite to tend

them�察�and to collect their produce。 The landlord gains both ways��

by the increase of the produce and by the diminution of the

labour which must be maintained out of it。

     The rent of land not only varies with its fertility��

whatever be its produce�察�but with its situation�察�whatever be its

fertility。 Land in the neighbourhood of a town gives a greater

rent than land equally fertile in a distant part of the country。

Though it may cost no more labour to cultivate the one than the

other�察�it must always cost more to bring the produce of the

distant land to market。 A greater quantity of labour�察�therefore��

must be maintained out of it�察�and the surplus�察�from which are

drawn both the profit of the farmer and the rent of the landlord��

must be diminished。 But in remote parts of the country the rate

of profits�察�as has already been shown�察�is generally higher than

in the neighbourhood of a large town。 A smaller proportion of

this diminished surplus�察�therefore�察�must belong to the landlord。

     Good roads�察�canals�察�and navigable rivers�察�by diminishing the

expense of carriage�察�put the remote parts of the country more

nearly upon a level with those in the neighbourhood of the town。

They are upon that account the greatest of all improvements。 They

encourage the cultivation of the remote�察�which must always be the

most extensive circle of the country。 They are advantageous to

the town�察�by breaking down the monopoly of the country in its

neighbourhood。 They are advantageous even to that part of the

country。 Though they introduce some rival commodities into the

old market�察�they open many new markets to its produce。 Monopoly��

besides�察�is a great enemy to good management�察�which can never be

universally established but in consequence of that free and

universal competition which forces everybody to have recourse to

it for the sake of self´defence。 It is not more than fifty years

ago that some of the counties in the neighbourhood of London

petitioned the Parliament against the extension of the turnpike

roads into the remoter counties。 Those remoter counties�察�they

pretended�察�from the cheapness of labour�察�would be able to sell

their grass and corn cheaper in the London market than

themselves�察�and would thereby reduce their rents�察�and ruin their

cultivation。 Their rents�察�however�察�have risen�察�and their

cultivation has been improved since that time。

     A cornfield of moderate fertility produces a much greater

quantity of food for man than the best pasture of equal extent。

Though its cultivation requires much more labour�察�yet the surplus

which remains after replacing the seed and maintaining all that

labour�察�is likewise much greater。 If a pound of butcher's meat��

therefore�察�was never supposed to be worth more than a pound of

bread�察�this greater surplus would everywhere be of greater value��

and constitute a greater fund both for the profit of the farmer

and the rent of the landlord。 It seems to have done so

universally in the rude beginnings of agriculture。

     But the relative values of those two different species of

food�察�bread and butcher's meat�察�are very different in the

different periods of agriculture。 In its rude beginnings�察�the

unimproved wilds�察�which then occupy the far greater part of the

country�察�are all abandoned to cattle。 There is more butcher's

meat than bread�察�and bread�察�therefore�察�is the food for which

there is the greatest competition�察�and which consequently brings

the greatest price。 At Buenos Ayres�察�we are told by Ulloa�察�four

reals�察�one´and´twenty pence halfpenny sterling�察�was�察�forty or

fifty years ago�察�the ordinary price of an ox�察�chosen from a herd

of two or three hundred。 He says nothing of the price of bread��

probably because he found nothing remarkable about it。 An ox

there�察�he says�察�cost little more than the labour of catching him。

But corn can nowhere be raised without a great deal of labour��

and in a country which lies upon the river Plate�察�at that time

the direct road from Europe to the silver mines of Potosi�察�the

money price of labour could not be very cheap。 It is otherwise

when cultivation is extended over the greater part of the

country。 There is then more bread than butcher's meat。 The

competition changes its direction�察�and the price of butcher's

meat becomes greater than the price of bread。

     By the extension besides of cultivation�察�the unimproved

wilds become insufficient to supply the demand for butcher's

meat。 A great part of the cultivated lands must be employed in

rearing and fattening cattle�察�of which the price�察�therefore�察�must

be sufficient to pay�察�not only the labour necessary for tending

them�察�but the rent which the landlord and the profit which the

farmer could have drawn from such land employed in tillage。 The

cattle bred upon the most uncultivated moors�察�when brought to the

same market�察�are�察�in proportion to their weight or goodness�察�sold

at the same price as those which are reared upon the most

improved land。 The proprietors of those moors profit by it�察�and

raise the rent of their land in proportion to the price of their

cattle。 It is not more than a century ago that in many parts of

the highlands of Scotland�察�butcher's meat was as cheap or cheaper

than even bread made of oatmeal。 The union opened the market of

England to the highland cattle。 Their ordinary price is at

present about three times greater than at the beginning of the

century�察�and the rents of many highland estates have been tripled

and quadrupled in the same time。 In almost every part of Great

Britain a pound of the best butcher's meat is�察�in the present

times�察�generally worth more than two pounds of the best white

bread�察�and in plentiful years it is sometimes worth three or four

pounds。

     It is thus that in the progress of improvement the rent and

profit of unimproved pasture come to be regulated in some measure

by the rent and profit of what is improved�察�and these again by

the rent and profit of corn。 Corn is an annual crop。 Butcher's

meat�察�a crop which requires four or five years to grow。 As an

acre of land�察�therefore�察�will produce a much smaller quantity of

the one species of food than of the other�察�the inferiority of the

quantity must be compensated by the superiority of the price。 If

it was more than compensated�察�more corn land would be turned into

pasture�察�and if it was not compensated�察�part of what was in

pasture would be brought back into corn。

     This equality�察�however�察�between the rent and profit of grass

and those of corn�察�of the land of which the immediate produce is

food for cattle�察�and of that of which the immediate produce is

food for men�察�must be understood to take place only 

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