How these golden expectations have been disappointed the broken fortunes of many enterprising planters can explain.

The protective duty being withdrawn, a competition with foreign coffee at once reduced the splendid prices of olden times to a more moderate standard, and took forty per cent. out of the pockets of the planters. Coffee, which in those days brought from one hundred shillings to one hundred and forty shillings per hundred-weight, is now reduced to from sixty shillings to eighty shillings.

This sudden reduction created an equally sudden panic among the planters, many of whom were men of straw, who had rushed to Ceylon at the first cry of coffee "fortunes," and who had embarked on an extensive scale with borrowed capital. These were the first to smash. In those days the expenses of bringing land into cultivation were more than double the present rate, and, the cultivation of coffee not being so well understood, the produce per acre was comparatively small. This combination of untoward circumstances was sufficient cause for the alarm which ensued, and estates were thrust into the market and knocked down for whatever could be realized. Mercantile houses were dragged down into the general ruin, and a dark cloud settled over the Cinnamon isle.

As the after effects of a "hurricane" are a more healthy atmosphere and an increased vigor in all vegetation, so are the usual sequels to a panic in the commercial world. Things are brought down to their real value and level; men of straw are swept away, and affairs are commenced anew upon a sound and steady basis. Capital is invested with caution, and improvements are entered upon step by step, until success is assured.

The reduction in the price of coffee was accordingly met by a corresponding system of expenditure and by an improved state of cultivation; and at the present time the agricultural prospects of the colony are in a more healthy state than they have ever been since the commencement of coffee cultivation.

There is no longer any doubt that a coffee estate in a good situation in Ceylon will pay a large interest for the capital invested, and will ultimately enrich the proprietor, provided that he has his own capital to work his estate, that he gives his own personal superintendence and that he understands the management. These are the usual conditions of success in most affairs; but a coffee-estate is not unfrequently abused for not paying when it is worked with borrowed capital at a high rate of interest under questionable superintendence.

It is a difficult thing to define the amount which constitutes a "fortune:" that which is enough for one man is a pittance for another; but one thing is certain, that, no matter how small his first capital, the coffee-planter hopes to make his "fortune."

Now, even allowing a net profit of twenty per cent. per annum on the capital invested, it must take at least ten years to add double the amount to the first capital, allowing no increase to the spare capital required for working the estate. A rapid fortune can never be made by working a coffee estate. Years of patient industry and toil, chequered by many disappointments, may eventually reward the proprietor; but it will be at a time of life when a long residence in the tropics will have given him a distaste for the chilly atmosphere of old England; his early friends will have been scattered abroad, and he will meet few faces to welcome him on his native shores. What cold is so severe as a cold reception?—no thermometer can mark the degree. No fortune, however large, can compensate for the loss of home, and friends, and early associations.

This feeling is peculiarly strong throughout the British nation. You cannot convince an English settler that he will be abroad for an indefinite number of years; the idea would be equivalent to transportation: he consoles himself with the hope that something will turn up to alter the apparent certainty of his exile; and in this hope, with his mind ever fixed upon his return, he does nothing for posterity in the colony. He rarely even plants a fruit tree, hoping that his stay will not allow him to gather from it. This accounts for the poverty of the gardens and enclosures around the houses of the English inhabitants, and the general dearth of any fruits worth eating.

How different is the appearance of French colonies, and how different are the feelings of the settler! The word "adieu" once spoken, he sighs an eternal farewell to the shores of "La belle France," and, with the natural light-heartedness of the nation, he settles cheerfully in a colony as his adopted country. He lays out his grounds with taste, and plants groves of exquisite fruit trees, whose produce will, he hopes, be tasted by his children and grandchildren. Accordingly, in a French colony there is a tropical beauty in the cultivated trees and flowers which is seldom seen in our possessions. The fruits are brought to perfection, as there is the same care taken in pruning and grafting the finest kinds as in our gardens in England.