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reviewer makes an extraordinary slip at the threshold of his subject, in estimating the extent to which the morcellement has actually proceeded. He finds it stated, that among nearly five millions and a half of landed proprietors, there are 2,600,000 the revenue of whose land, as rated to the land-tax, does not exceed forty shillings, which sum, he very candidly says, should rather be sixty, as the rated value is very much lower than the real value. On this he exclaims, "There already exist in France millions of examples that a propriétaire may be poorer than a peasant. ... 2,600,000 families, comprising 13,000,000 persons, of each of which families the rated income does not exceed forty shillings, but say sixty shillings sterling, for the maintenance of five persons—and these are proprietors! The poorest day labourer would earn four times as much." He seems actually to suppose that these small proprietors, like great landlords, live only upon the rent of their land, forgetting that they have its whole produce. He might have known from the very documents he has quoted, and might have guessed if he had not known, that the forty shillings at which the land is rated in the collectors' books are not the gross produce of the little estate, but its net produce; the surplus beyond the expenses of cultivation: which expenses include the subsistence of the cultivators, together with interest on the capital. The reviewer himself shows that the rated revenue of all the landed property of France is about 4 per cent of its rated value, and does not therefore much exceed a reasonable rent. A writer who can mistake this for the whole income of a peasant cultivating his own land, gives the measure of his competency for the subject, and of the degree of attention he has paid to it.

We will now attempt to discover, from the reviewer's data and those of his authors, what may really be the condition of these 2,600,000 proprietors. As the French Government estimates the