Page:Principles of Political Economy Vol 1.djvu/354

332 rising much more rapidly, than the price of land on the great estates. He and Professor Rau both say that this rise in the price of the small estates would have ruined the more recent purchasers, unless the productiveness of the small estates had increased in at least an equal proportion; and as the small proprietors have been gradually becoming more and more prosperous notwithstanding the increasing prices they have paid for their land, he argues, with apparent justness, that this would seem to show that not only the gross profits of the small estates, but the net profits also have been gradually increasing, and that the net profits per acre, of land, when farmed by small proprietors, are greater than the net profits per acre of land farmed by a great proprietor. He says, with seeming truth, that the increasing price of land in the small estates cannot be the mere effect of competition, or it would have diminished the profits and the prosperity of the small proprietors, and that this result has not followed the rise.

"Albrecht Thaer, another celebrated German writer on the different systems of agriculture, in one of his later works (Grundsätze der rationellen Landwirthschaft) expresses his decided conviction, that the net produce of land is greater when farmed by small proprietors than when farmed by great proprietors or their tenants.... This opinion of Thaer is all the more remarkable, as, during the early part of his life, he was very strongly in favour of the English system of great estates and great farms."

Mr. Kay adds from his own observation, "The peasant farming of Prussia, Saxony, Holland, and Switzerland is the most perfect and economical farming I have ever witnessed in any country."

§ 5But the most decisive example in opposition to the English prejudice against cultivation by peasant proprietors,