16 OCTOBER 1869, Page 2

The Times' correspondent in two successive letters describes the "

good" and the " bad" system in Ireland. In Waterford, Lord

Bessborough has an estate of 20,000 acres, with upwards of 600 tenants, but the estate is prosperous and quiet, the Earl executing all improvements himself, and so preventing the growth of any tenant-right. He claims the soil with some justice as his, in the absolute sense, because he made it ; it is his capital alone which is in it ;—a sound argument, unless we consider that sweat is also capi- tal, in which case the concurrent right is not with the farmer so much as with the labourer. If fixity of tenure were granted here, the owner would be entitled to compensation, and the tenants, unless they combined into a coparcenary, would be worse off.