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ess whatever, is opposed to any institutions that recognise the full rights of property. The obligation to pay rent no more creates political dependency, than to give credit from an ordinary shop; not so much, indeed, more especially under such leases as those of the Rensselaers; for the debtor on a book-debt can be sued at any moment, whereas the tenant knows precisely when he has to pay. There is the great absurdity of those who decry the system as feudal and aristocratic; for they do not see that those very leases are more favourable to the tenant than any other." "I shall have to ask you to explain this to me, sir, being too ignorant to comprehend it." "Why, these leases are perpetual, and the tenant cannot be dispossessed. The longer a lease is, other things being equal, the better it is for the tenant, all the world over. Let us suppose two farms, the one leased for five years, and the other for ever: Which tenant is most independent of the political influence of his landlord, to say nothing of the impossibility of controlling votes in this way in America, from a variety of causes? Certainly he who has a lease for ever. He is just as independent of his landlord, as his landlord can be of him, with the exception that he has rent to pay. In the latter case, he is precisely like any other debtor--like the poor man who contracts debts with the same store-keeper for a series of years. As for the possession of the farm, which we are to suppose is a desirable thing for the tenant, he of the long lease is clearly most independent, since the other may be ejected at the end of each five years. Nor is there the least difference as to acquiring the property in fee, since the landlord may sell equally in either case, if so disposed; and if NOT DISPOSED, NO HONEST MAN, UNDER ANY SYSTEM, OUGHT TO DO ANYTHING TO COMPEL HIM SO TO DO, either directly or indirectly; AND NO TRULY HONEST MAN WOULD." I put some of the words of my uncle Ro in small capitals, as the spirit of the _times_, not of the _institutions_, renders such hints necessary. But, to continue our dialogue: "I understand you now, sir, though the distinction you make between the _spirit_ of the institutions and their _tendencies_ is what I do not exactly comprehend." "It is very easily explained. The spirit of the institutions is their _intention_; their tendencies is the natural direction they take under the impulses of human motives, which are always corrupt
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