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THE

AGRICULTURAL MAGAZINE.

No. LXXVILU.)- 4 3 ANDARY, 41800 4[Vor XIV.

“-Z= X

QN AN INCREASE OF AGRIGULTURAL CAPITAL, , TAK PUOR LASYS,&-

To the Editor of the Agricultural IMagazine.

SiR, Jan. 10th, 1806

F R. W. can prove“ the imposäaibility of there being || any material difference" between the profit upon Agri« cultural and that upon: Commercial capital, I must, of course, abandon the ground[ have occupied in that partof our dispute: Truly Sorry am I, bowever, that his remarks have not induced me to relinquish my former opinion; for I might venture to predict advantages of a most important nature, from an equality of success in these employments.

« The constant endeavour of every one to make the most of his money," might, indeed, tend to equalize the profits on these two kinds of Stock, if the merchant were qualified for the-employments of the Agrienlturist, and the latter for tbose of the trader and manulacturer. But why Should we argue 50 long upon this point? Was it not long Since Settledt by our most enlightened political economists, in favour of commercial profit? And certainly there is not less Scope and encouragement now than formerly, for the enterprizing exer- tions of the commercial Subjects of the British ewpire.

LF the agriculturists of Great Britain were. im full posSesSIon oſthe home market for the produce of their lands, the com- parison which R. W. made between them and Sugar con- tractors would have appeared more just. Not only is the home market secured to the latter, by the probibition upon importation from the territories of foreign States, but the markets of Europe are rendered more profitable to them by means of. bounties, or drawbacks.'These have always been considered As encouragements to production; and undoubt- edly, to whatever ort of goods they are applied, greater quantities will be raized than if they were withheld, This was experienced in the Sugar trade; and Similar effects bave been observed in the manufactories of Manchester and Glas» gow. Now when bounties, er drawbacks, have increased the production of Sugar, cotton goods,&C. will R. W. con-

Ag. Mag. Vol, 14.!