the attention of intending colonists from South Australia, where the high price of town lots left but small margin for profits or premiums. Besides, in those epochs of speculative frenzy which periodically recur in England and Scotland, unknown schemes have a certain advantage. About the end of the second year of Colonel Gawler's administration, the resources of South Australia as an investment for capital were partly known, while, as nothing was known about the resources of New Zealand, not even whether there was any available land there at all, it became an excellent and fashionable subject for speculation.
Colonel Gawler piteously complains in some of his despatches of the misrepresentations of rival colonists, and of parties who, after a very partial inspection of the port and coast, had departed, exclaiming, "All is barren!" But the fact was, that the capitalists who had landed found no advantageous opening for the investment of capital; town lots had been driven up to an enormous premium; the cultivation of land did not pay, and has never paid the employer of labour on a large scale in any new country. Wool-growing and other pastoral pursuits were more profitable in Port Phillip and the new districts of New South Wales; besides, under the puffing forcing system, enough land, supposing it all fertile, had been sold to support a population of 200,000. The population of the colony was 15,000, of which 8,000 were settled in Adelaide, gambling with each other. As for the labourers, they were partly employed in waiting and working for the white-handed emigrants who had come out under Mr. Wakefield's advice "to labour with their heads, not with their hands," and who, therefore, required more work done for them than old-fashioned colonists, who were not ashamed to mend their own tools or carry their own packages, and partly in executing works for the government and for the South Australian Company. A considerable number were in the hospital, and others were working at such sham labour tests as drawing fallen timber from the park, to be used for fuel in the government offices.
It had been found impracticable then, as in all subsequent attempts, to carry out the scheme of obtaining recruits for free passages "exclusively of young married couples not exceeding twenty-four years of age." The labouring classes have their feelings and affections as keenly in regard to family ties as their superiors in fortune and education; they are not to be draughted out, as the Wakefield theory proposes, like sheep or cattle; and the parties charged with supplying the quota of labourers required for the ships, so recklessly despatched to South Australia, completed the number by a per centage who from age, feebleness, or unfitness for colonial labour, became almost immediately chargeable on the
