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It has been observed by Dr. Adam Smith' that no effects of the legislature had been able to raise the salary of curates to that price which seemed necessary for their decent maintenance; and the reason which he justly assigns is, that the bounties held out to the profession by the scholarships and fellowships of the universities always occasioned a redundant supply. In the same manner if a more than usual supply of labour were encouraged by the premiums of small tenements, nothing could prevent a great and general fall in its price.
The evil would indeed ultimately check itself, as most evils do; but if we advert to the manner in which this would be done, the state to which the country must be previously reduced will not appear to be an enviable one. I apprehend that the increase would continue, till from the failure in the supply of tenements, and the diminished demand for labour, the situ-
