"So I then thought; but that hope has been delusive. There were some reasons why a population like ours should chafe under the situation of the estate of the late Patroon that I thought natural, though unjustifiable; for it is unhappily too much a law of humanity to do that which is wrong, more especially in matters connected with the pocket."
"I do not exactly understand your allusions, sir."
"It is easily explained. The Van Rensselaer property is, in the first place, of great extent—the manor, as it is still called and once was, spreading east and west eight-and-forty miles, and north and south twenty-four. With a few immaterial exceptions, including the sites of three or four towns, three of which are cities containing respectively six, twenty, and forty thousand souls, this large surface was the property of a single individual. Since his death, it has become the property of two, subject to the conditions of the leases, of which by far the greater portion are what are called durable."
"I have heard all this, of course, sir, and know something of it myself. But what is a durable lease? for I believe we have none of that nature at Ravensnest."
"No; your leases are all for three lives, and most of them renewals at that. There are two sorts of 'durable leases,' as we term them, in use among the landlords of New York. Both give the tenant a permanent interest, being leases forever, reserving annual rent, with the right to distrain and covenants of re-entry. But one class of these leases gives the tenant a right at any time to demand a deed in fee-simple, on the payment of a stipulated sum; while the other gives him no such privilege. Thus one class of these leases is called 'a durable lease with a clause of redemption,' while the other is a simple 'durable lease.'"
"And are there any new difficulties in relation to the manor rents?"
"Far worse than that; the contagion has spread, until the greatest ills that have been predicted from democratic institutions, by their worst enemies, seriously menace the country. I am afraid, Hugh, I shall not be able to call New York, any longer, an exception to the evil example of a neighborhood, or the country itself a glorious country."
"This is so serious, sir, that, were it not that your looks denote the contrary, I might be disposed to doubt your words."
"I fear my words are only too true. Dunning has written me a long account of his own, made out with the precision of a lawyer; and, in addition, he has sent me divers papers, some of which openly contend for what is substantially a new division of property, and what in effect would be agrarian laws."
"Surely, my dear uncle, you cannot seriously apprehend anything of that nature from our order-loving, law-loving, property-loving Americans?"