He merely proposes to abolish what is called landlordism by the compulsory conversion of the present tenant farmers into a body of yeomanry or occupying owners, and his scheme differs from the more ordinary proposals for the creation of peasant proprietors merely in two points: 1st-which is a very good proposal-that he would leave part of the price of the property to be paid in the form of a permanent annual Quitrent to the State; and 2nd-which is a more doubtful proposal-that this part should represent, as nearly as it is possible now to calculate it, the original value of the soil apart from improvements of any kind-or, in other words, the unearned part of the present value of the property-and that it should be subject to periodical revision, with a view to recovering from the holder any further unearned increments of value that may accrue to his holding from time to time.
"Contemporary Socialism"
John Rae
He advertised for colonists, and began selling land at 100 pounds for five thousand acres and annually thereafter a shilling Quitrent for every hundred acres.
"The Quaker Colonies A Chronicle of the Proprietors of the Delaware, Volume 8 in The Chronicles Of America Series"
Sydney G. Fisher
He was a favorite with Queen Anne, who was now on the throne, and he led an expensive life which, with the cost of his deputy governor's salary in the colony, the slowness of his Quitrent collections, and the dishonesty of the steward of his English estates, rapidly brought him into debt.
"The Quaker Colonies A Chronicle of the Proprietors of the Delaware, Volume 8 in The Chronicles Of America Series"
Sydney G. Fisher
