AGRICULTURAL REVIEW OF THE WEEK. A triumphant eulogism of the landlords of Cumberland made up the greater part of a paper read by MR. JAMES WATT, at the recent meeting of the Cumberland and Westmorland Chamber of Agriculture. It is true that the tenants were praised first, as capable, industrious, and thrifty farmers, who have met the bad times better than their fellows in many parts of the county; but far more time was diverted to the glorification of the landlords. They are not of the rack-renting class, or among those who put the rent up upon an improving tenant. They, or their agents, do not exact the highest rent they could obtain, or always accept the tenant who makes the highest offer for a farm. They select the best man, and charge such a rent as he can pay. The tenants want no fixity of tenure, we are told, for the same families live on the estates for generations; and they have all the freedom of cultivation and sale of produce that they require. In short, MR. WATT painted a picture of the agricultural community of Cumberland as that of a happy family, needing no such coarse and disturbing elements as laws between landlords and tenants. No doubt the picture is a true one in the main. The farmers of the county are a shrewd, as well as a hard-working set of men, and they have had the good sense to devote their energies chiefly to the branches of farming to which their soil and climate are best suited - stock rearing and dairying. Most of the large landowners are wealthy, and considerate of their power. Whether, like prudent railway companies, they "charge as much as the traffic will bear," and no more, or whether they charge a little less, it is difficult to say. But it is not bad business in such times as these to keep good tenants by charging only moderate rents. It is more pleasant to look at the matter in this light, than to regard the tenants as a set of children treated indulgently by benevolent landlords under a paternal system. It is sound policy to avoid the laws by which many rack-renting landlords have forced their tenants into bankruptcy, and greatly deteriorated the value of their own estates in consequence. ...Part Two will follow...