5
I felt sure from the first that the system called "The Wakefield" could never fairly represent the ideas of Mr. Wakefield himself, whose singular breadth of understanding and various knowledge of mankind belied the notion that fathered on him the clumsy execution of a theory wholly inapplicable to a social state like Australia. I am glad to see that he has vindicated himself from the discreditable paternity. But I grieve to find that he still clings to one cardinal error of the system, in the discouragement of small holdings, and that he evades, more ingeniously than ingenuously, the important question: "What should be the minimum price of land?"
6
The profits of cattle-farming are smaller than those of the sheep- owner (if the latter have good luck; for much depends upon that), but cattle-farming is much more safe as a speculation, and less care, knowledge, and management are required. L2,000 laid out on seven hundred head of cattle, if good runs be procured, might increase the capital in five years from L2,000 to L6,000, besides enabling the owner to maintain himself, pay wages, etc.Manuscript letter from G. B. Wilkinson.