Limited Ownership of Land Remarks On the Report of the Committee of the House
Limited Ownership of Land Remarks On the Report of the Committee of the House
William Fowler
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It may be asked, are there not some benefits resulting from the system of life tenancies, apart from mere "habits and feelings. ''" One or two of the witnesses have stated that there are such benefits, but their defi- nition of them is very vague. They all resolve them- selves into one point, viz. , that it is well that the land should remain in the hands of the old families who have been accustomed to hold it, and should not be often changing hands. No one wishes to compel any family to part w...ith an ancient inheritance ; but the question is, whether either old families or the people at large are benefited by a law which compels men to hold to land as an investment long after it has ceased to be suitable to their means and position. Even assuming that families of position are in some cases preserved from ruin by such a law, it may well be questioned whether they are not just as often greatly injured by so unnatural an arrangement. And as regards the public, what is needed is, not that the land should be held by any class or set, but that it should be held by men who have, or can easily procure, the capital with- out the use of which every one admits that land is a bad investment, and cannot be improved into a good one.
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