Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-01-03

3D. That upon delivery of said slave to Agents,
to DO appointed in each county, tho previous own
or shall receive certificate of stock of two hum
dred dollars, bearing interest at the of four
per centum per annum, redcemablc at tho will of
the Legislature.
3rd That the agents in the several counties
shall annually hire the slaves thus transferred,
until, from the hire, the State is reimbursed the
cost and interest, and also su icient to teiray
the expence OF colonizng the slave in Africa.
If the of two hundred dollars should be
deemed insufficient remuneration to the owner
OF the slave he might have the option of selling
him out of the State L would however, only
consent TO such provision for the purpose of ST.
LONGING too strong orpostion for although the
scheme is recommended solely Il measure of po-
htical expediency, there is high moral obga' ion
included in the nodus by which it is to be effected,
and IN the results anticipated There can be little
doubt but that such sleek is proposed to be
issued would readily command its par vdluc and
it would be difficult for the most sanguino political
economist suiIicentlyto estimate the beneficial eff
ccts upon the industry and enterprise of the
try by the annual infusion of two millions If dol
lars INTO It's moned capital and circulating medium.
1t may be doubted whether tho collateral benefit
resulting from the financial part of the scheme
would be OF less value than the political results
anticipated from its contamination.
The operation of the scheme will be so gradual
as not TO cause any sudden arrangement or absrac-
ton OF the labour of the country, and whatever
may be the extent of responsibility assumed by the
issue Of stock the State will, at all times have in
"N'"'i PosSSSSioH, property WHICH tne uCDt
is created, that there be risk of loss
her, or to her creditors.
In rejecting upon the further details OF the
scheme, have supposed that for young negroes
between the ages of sixteen and twenty-sx, an
annual nett hire of thrty-fivc dollars per annual
might be assumed, leaving all expences and casu-
alities to be betrayed out of tho additional hire,
which might be safely anticipated. have also
supposed that each slave will be enamel pated after
ten years service to the State-say at the age of
twenty six years. And L have proposed at that
period to apply eighty dollars to the expense
OF coonizing each slave. As it costs the
colonization society twenty-f five dollars for the
transportation of colonist to Ii eria, and the
eXpenco will certainly diminish, the residue of the
sum with supply the new colonist with many
things required in his new home. And upon his arri-
val there, employment and subsistence will at
| be afforded by his predecessors.
am aware that the mere suggestion of the State
assuming the responsibility of great debt, will
alarm many, and perhaps deter them from even
examining the subject. But if the premises which
L have assumed, shall be realized, it would be
found, that whatever may be the number of slaves
annually purchased under this scheme, the debt
created will only increase until the end of the sixth
year, when its maximum amount will not equal one
hundred dollars for each negro held by the State
After that period, it will rapidly decrease until u,
| n , The following Table supnoses I00O Slaves