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duties have never been able to secure a remunerative price for corn. :
In support of his assertion he quotes the fact that, wherever foreign corn has been imported, the price of corn in England has gone up considerably, and that when little corn has been imported the price has fallen greatly. This prize-winner forgets that the importation was not the cause of the high price, but that the high price was the cause of the importation. In direct contradiction of his colleague, he asserts that every rise in the price of corn is profitable to both the tenant farmer and laborer, but does not benefit the landlord.
The third prize essayist, Mr. Greg, who is a large manufacturer and whose work is addressed to the large tenant farmers, could not afford to echo such silly stuff. His language is more scientific.
He admits that the Corn Laws can increase rent only by increasing the price of corn, and that they can raise the price of corn only by inducing the investment of capital upon land of inferior quality, and this is a perfect- ly natural explanation.
In proportion as population increases, it inevitably follows, if foreign corn cannot be imported, that less fruitful soil must be called into requisition, the cultivation of which involves more expense and the product of which is consequently dearer. There being a demand for all the corn thus produced, it will all be sold. The price for all of it will of necessity be determined by the price of the product of the inferior soil. The difference between this price and the cost of production upon soil of better quality constitutes the rent paid for the use of the better soil.
If, therefore, in consequence of the repeal of the Corn Laws, the price of corn falls, and if, as a matter of
