Excerpt from Exhaustion of the Soil: In Relation to Landlords' Covenants, and the Valuation of Unexhausted Improvements; Read Before the London Farmer's Club, April 4, 1870
Coincident with these changes has been a rise in the value and rent of land; much greater in the case of the light than in that of the heavier description of soil. As a necessary consequence, too, much more capital has been expended in the cultivation of a given area of land.
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