The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1845-01-18

obligation t" ay the principe of Il debt
hen he had kept II long Cnoi gh to have
the accumulated interest equal the original
sum. Z. Another comp Iaili is that hr D..
tents have been allow ed To acct mualt: :
--ih, is As much the fault Of the tenant ~
| lie proprietor, and m"iever The late Pa
'ruun made The most positive and brnevo.
lent provisions III I,is will, for abatement
III "hole or III part Of these back rents.
| > II Is SAID the tenants have been trgra,l--
I'd To vas.a|s and sells: The Judiciary
committee Of ,hr Ia>l Legislature have de-
cIarcd their belief that tbs grievance ex.
ISIS only III Imagination.
These are grievances Of which the ten
ants complains; and no one can fail to see
That they are utterly unlounded. or at
least Inadequate to justify the steps thew
have taken. The writer of the commune
cation next alludcs TO the propositions
that have beer made 10 rem we even these
slight causes OF dissatisfaction on the
part of the tenants. The proprielors
have never proposed, in new leases, tn
remove any Of the objectionable causes.
bu. have been perfectly willing to unie
with HE tenants in cancrIling all HE old
leases, aud changing the mode of tenure,
80 that wh heat rent should be converted
INT" money rent, and The fans purchased
Al the prlce OF which ,he rent due would
he thc interest. The tenants profess to
agree 10 these terms. but difference az.
rises as To the price of the wheat, and the
rate Of interest; the propTIr,ors wish t"
take the average price Of wheat for the
last I'm years, (Which would be about
5 20 and to estimate tic interest al )
per cent,-lho tenants refuse To allow o.
yer one dollar per bushcl for the wheat.
aud demand the interest he estimated at 7
pei cent The difference between these
views will be seen al a & ance-22A
bushels, at : 1875 pes bushel. ale E2S so,
which would be the annual rent, aud this
al per cent. would be the interest of
500, the price of the farm on the pro-
pIIetor's scale. On The other hand, 22s
bushels, al S 100, makes the yearly rent
only S22 so, and a, Z per cent. would
call for principal of only 1922 on the
tenants scale. As this seems much the
more honest difference ofopniou involved
in the case, we copy the following pas
sage in vindIcatlnn Of the proprlelor's
claim from the communication of Mr. Van
Rensselaer,.
1.-The "proprietors have in their favor
the consideration that the rate of interest
ON long and permanen, loans, (such az
these must be estimated, has always been
) per cent which is HE rate at the pres
enl time; and Furthermore that money
does not now command, even for single
year. more than 6 per cent. The prac-
iical operation of the adoption of these
two scales, would be that on the lal d.
lords the land would bring $500 per
acre, on the tenants calculation only
$500, If it be added that the average
price at which lerants have sold the farms
ON the Manon has been heretofore about
$4,000 per acre, subject to the annual
rent, the fairness Of The proprieior's calcu-
Ialions is more and more evident,
"l'he tenants. in addition to the low
price at which they went to obtain their
farms in le single demand that the days
service and lows shall be thrown in with
out any commn,alion price; whilst the
proprletors think that these are az mucI,
entitled to a fair money cquivalen, as tie
other stiPula'ons of the lease. The Ju"
dietary committee express lhei' opinion
about the relief sought as follows
~ our Committee are well assured that
the tenants can have all the relief ~
which they are. in justice and equity, en-
titled directly from the proprietor Of the
Manor"