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that the size of the place, the big manor-house, and so on, would turn his head. Nothing of the kind; he proceeded as cautiously and prudently as previously. He began by degrees. Instead of investing some thousand pounds in implements and machinery at a single swoop, instead of purchasing three hundred sheep right off with a single cheque, he commenced with one thing at a time. In this course he was favoured by the condition of the land, and by the conditions of the agreement. He got it, as it were, gradually into cultivation, not all at once; he got his stock together, a score or two at a time, as he felt they would answer. By the year the landlord was to have the full rent: the new tenant was quite able to pay it, and did pay it without hesitation at the very hour it was due. He bought very little machinery, nothing but what was absolutely necessary—no expensive steam-plough. His one great idea was still the same, i.e. spend no money.

      Yet he was not bigoted or prejudiced to the customs of his ancestors—another proof that he was a man of mind. Hodson foresaw, before he had been long at Upcourt Farm, that corn was not going in future to be so all in all important as it had been. As he said himself, 'We must go to our flocks now for our rent, and not to our barn doors.' His aim, therefore, became to farm into and through his flock, and it paid him well. Here was a man at once economical to the verge of meanness, prudent to the edge of timidity, yet capable of venturing when he saw his chance; and above all, when that venture succeeded, capable of still living on bacon and bread and cheese, and putting the money by.

      In his earlier days Hodson was as close of speech as of expenditure, and kept his proceedings a profound secret. As he grew older and took less active exercise—the son resident at home carrying out his instructions—he became more garrulous and liked to talk about his system. The chief topic of his discourse was that a farmer in his day paid but one rent, to the landlord, whereas now, on the modern plan, he paid eight rents, and sometimes nine. First, of course, the modern farmer paid his landlord (1); next he paid the seedsman (2); then the manure manufacturer (3); the implement manufacturer (4); the auctioneer (5); the railroad, for transit (6); the banker, for short loans (7); the lawyer or whoever advanced half his original capital (8); the schoolmaster (9).

      To begin at the end, the rent paid by the modern farmer to the schoolmaster included the payment for the parish school; and, secondly, and far more important, the sum paid for the education of his own children. Hodson maintained that many farmers paid as much hard cash for the education of their children, and for the necessary social surroundings incident to that education, as men used to pay for the entire sustenance of their households. Then there was the borrowed capital, and the short loans from the banker; the interest on these two made two more rents. Farmers paid rent to the railroad for the transit of their goods. The auctioneer, whether he sold cattle and sheep, or whether he had a depôt for horses, was a new man whose profits were derived from the farmers. There were few or no auctioneers or horse depositories when he began business; now the auctioneer was everywhere, and every country town of any consequence had its establishment for the reception and sale of horses. Farmers sunk enough capital in steam-ploughs and machinery to stock a small farm on the old system, and the interest on this sunk capital represented another rent. It was the same with the artificial manure merchant and with the seedsman. Farmers used to grow their own seed, or, at most, bought from the corn dealers or a neighbour if by chance they were out. Now the seedsman was an important person, and a grand shop might be found, often several shops, in every market town, the owners of which shops must likewise live upon the farmer. Here were eight or nine people to pay rent to instead of one.

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