After John Knight’s departure from Exmoor, his son Frederic divided the estate and built a series of farmhouses in the 1840s. From 1848 he employed a dynamic new estate steward, Lincolnshire agriculturalist, Robert Smith. This chapter shows how Smith shared the ‘colonising’ view of Exmoor, and applied it explicitly through a policy of attracting Midlands and Yorkshire farmers and ignoring local people, livestock and methods. Tenants were expected to fund estate improvements themselves, and their leases set demanding targets, which most found impossible to meet. Although Smith applied all these methods to his ‘show-farm’ of Emmett’s Grange, even he struggled financially. Smith tried to compensate for the failure of the first generation of tenants by finding iron ore on the estate. When this failed too, his relationship with Frederic Knight broke down irretrievably.