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hich suggest a closer study of rural conditions. First, there is the interdependence of town and country, less obvious than it was in the days of the local market, but no less real. Any fall in the number, or decline in the efficiency, of the farming community, will be accompanied by a corresponding fall in the country sale of town products. This is especially true of America, where the foreign commerce is unimportant in comparison with internal trade. To nourish country life is the best way to help home trade. And quite as important as these considerations is the effect which good or bad farming must have upon the cost of living to the whole population. Excessive middle profits between producer and consumer may largely account for the very serious rise in the price of staple articles of food. This is a fact of the utmost significance, but, as I shall show later, the remedy for too high a cost of production and distribution lies with the farmer, the improvement of whose business methods will be seen to be the chief factor in the reform which the Rural Life movement must attempt to introduce. The essential dependence of nations on agriculture is the second economic consideration. The author of "The Return to the Land," Senator Jules Meline (successively Minister of Agriculture, Minister of Commerce and Premier of France), tells us that this remarkable book is "merely an expansion of a profound thought uttered long ago by a Chinese philosopher: 'The well-being of a people is like a tree; agriculture is its root, manufacture and commerce are its branches and its life; if the root is injured the leaves fall, the branches break away and the tree dies.'" This truth is not hard to apply to the conditions of to-day. The income of every country depends on its natural resources, and on the skill and energy of its inhabitants; and the quickest way to increase the income is to concentrate on the production of those articles for which there is the greatest demand throughout the commercial world. The relentless application of this principle has been characteristic of the nineteenth century. But the augmentation of income has in one special way been purchased by a diminution of capital. The industrial movement has been based on an immense expenditure of coal and iron; and in America and Great Britain the coal and iron which can be cheaply obtained are within measurable distance of exhaustion. As these supplies diminish, the indust
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