If these concessions had only been made in time, they would probably have led to a strengthening of the economic position and character of the Irish tenantry, which would have enabled them to take full advantage of their new status, and meet any condition which might arise; and it is just possible that the system might have worked well, even at the eleventh hour, had it been launched on a rising market.
Unhappily, it fell upon evil days.

The prosperous times of Irish agriculture, which culminated a few years before the passing of the 'Tenants' Charter,' were followed by a serious reaction, the result of causes which, though long operative, were only then beginning to make themselves felt, and some of which, though the fact was not then generally recognised, were destined to be of no temporary character.

The agricultural depression which has continued ever since was due, as is now well known, to foreign competition, or, in other words, to the opening up of vast areas in the Far West to the plough and herd, and the bringing of the products of distant countries into the home markets in ever-increasing quantity, in ever fresher condition, and at an ever-decreasing cost of transportation.

Great changes were taking place in the market which the Irish farmer supplied, and no two men could agree as to the relative influence of the new factors of the problem, or as to their probable duration.
Whatever may be said in disparagement of the great experiment commenced in 1881, there can be no doubt that it enormously improved the legal position of the Irish tenantry, and I, for one, regard it as a necessary contribution to the events whose logic was finally to bring about the abolition of dual ownership.

But what a curious instance of the irony of fate is afforded by this genuine attempt to heal an Irish sore, what a commentary it is upon the English misunderstanding of the Irish mind! Mr.Gladstone found the land system intolerable to one party; he made it intolerable to the other also.