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Updated: June 23, 2025
Farmer Smith a few years since was very anxious for the renewal of his lease, just as those about to enter on tenancies desired leases above everything. All the agricultural world agreed that a lease was the best thing possible the clubs discussed it, the papers preached it. It was a safeguard; it allowed the tenant to develop his energies, and to put his capital into the soil without fear.
Previous legislation confined this privilege solely to cases in which there were leases, wherein the tenant, by written contract, gave the landlord power to seize in case of non-payment of rent, but there was no legal authority to sell until it was given by an act passed in the reign of William III. The act of George II. presumed that there was such a contract in all cases of parole letting or tenancy-at-will, and extended the landlord's powers to such tenancies.
Vast masses of property in Ireland had been sold under the Incumbered Estates Act by a government tribunal acting as the representative of the Imperial Parliament, and each purchaser obtained from this tribunal a parliamentary title making him absolute owner of the soil and of every building upon it, subject only to the existing tenancies in the schedule.
Olivier was more prudent, though not less ardent in their friendship, and thought it better to wait until their respective tenancies had expired. Christophe could not understand such parsimony. Like many people who have no money, he never worried about losing it. He imagined that Olivier was even worse off than himself.
He was a man destitute of all knowledge and of all capital, who found the land the only thing that remained between himself and starvation. Rents in the lower grades of tenancies were regulated by competition, but it was competition between a half-starving population, who had no other resources except the soil, and were therefore prepared to promise anything rather than be deprived of it.
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