NECESSITY OF CHEAP MONEY. To the great body of our settlers of small means to whom a little money is necessary, high rates of interest must not only compel them to abandon the land, but to prevent the re-occupation, except by the few who may have capital enough to do without borrowing. If a man and his family can by patience, in dustry and thrift make a farm on which they have settled produce directly all that it can produce of what may be necessary to support, and a surplus which may be exchanged for the few.necessaries which the farm may not pro*

duce, there will be an independence of markets, and very little distress consequent on falling prices. But in such a case the family must be under no necessity of borrow ing. The capital of the family must be suffi cient for the possession and working of the land without borrowing. That, however, is not the condition of our farmers or settlers yet. They require money —they have bor rowed money. And they have had to pay and are paying rates of interest such as the pro gress of the Colony and of settlement render it necessary should no longer rule.
