Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-06-29

An INTERESTING ESSAY.
THE June w. Of the Farmers Reeider con-
,ans an elaborate and weH-nncd Treatise, from
the pen of Professor Dew, Of William and Mary
College, ION Pricc-the eaases and ffeets ofHc
Fluctuations copsidtyed, and the pr8epies MAIN
fained applied 10 he present roee Tor Pccuia-
ton" Our limits compel II, 10 omit the merely
speculative portion, OF this able c,,ay-=in which
the following subject, are treated of: |, CWcuid-
ting medium, in which il is shown that moneg forms
hut very small portion ol that subtle material, in
any country; IDLY, E9eefel rdpidfgo teoe"iation,
illustrating the consequences OF pressure on the
money market &c; }dle, Eftd NJ importation
Of precious metals and ~ a restoration NJ can
fdeRc,, in which it is shown that extensive impor-
ta,ionS of the precious metals, such Is followed
the panic of last year, instead oi aIorlng cause
of coneratula,ion, the eleirc>t proof OF general
distress, loss OF confidence and credit, and of the
stagna,ion oi trade aud the crculation-and that
it is likewise ul,imatel, mi,ehicvous in lis opera
tons, b, raising in the community Il Specializing
mania. The iih head j., " hat Is Ia eheck this
rise in priees, and spirit IT Yrcalafionl which
check he argues will follow the cRar Of the pre-
cious metals, consequent upon thcit redundancy
&C; 9th, Do htSe Fluctuations dcpcRd entirety
upon tic Banks which he denies. while he adj
ms that they may exercise great influence in pro-
duciug them and 9th, Eged Of toleiga demand
for some OF agricultural prodaots, on present
prices Under this head, Professor Dew ascrlbcs
great agency in the present Mch prices Of acricu-
tural products to what he STYLES the interesting
in thc value of one OF them-tottoa-vhic lac
conicsscs thai he is nnahl, Ia explain We shall now
let him speak Tor hmsclf-Edfs IUeinian.l
Influence Of hf prices of rottou on The r0iac Of
daets.
The Use in the price of cotton has most undoubt-
eddy given an impulse 10 the price of slaves. Cot
ton is the great agricultural staple throughout al
most the " ks6tsAoi ON southern -hodne states,
and con5e{Qentk the marketable value Of slave,
will ever bSlett inned b, the value of the princi
pal product SftlSr Labor. In lrenia and Mary
land the prccScf slaves will alna,, depend anon
the external demand, and not on then intrinsic va
lue in those two states.
If tlcprice depended ON tire real demand ari,iro
among themselves douht whether thn>c state,
could afford to raise them even: so liltle would hr
their marketable value.
But there is another cause which | believe a,
thus moment is operating ~ raising the price ri
slaves and viii exert still more powerful innu-
ence in future. mean the late fmanripation ri
the sidres IN The BRITISH Ilcst iadies. Tha, ,c,
Is certainly ndcicnsible upon every ground of ,x.
pediency, morality, and religion But lis impolic,
appears most elaring when considered IN poico-
economical lieht. Now whatever may be said ahout
the relative cfiica,y and value of free and slave Ia
Dor, there Is no question, but that free labor, pro.
duced by sudden emancipation Of ,lay,e. is the
most worthless and inefficient labor in the world
Let take upon thi, subject the testimony of one
who has favored emancipation in the Wc,i Indie,
aud who has already reaped some of the fruit, of
his folly. Lord Broueham IN hts Colonial PoIru
says: the free NEGROES in the West Indies arr,
with very few exceptions chiefly in the Spanish
and Portuguese scttlements) equally a,cr,c to all
sorts OF labor which do not contribute 10 the SIM.
ply Of their immediate and most urgent wants. I'm.
providen, and careless of the future, they are not
actuated by that principle which incncs more ci-
vilized men to cqualize their cxcron, at all times
and to work after the neoessarics Of the day hav,
been procured, in order 10 make up for the possi
bic Deficiencies OF the morrow. Nor has their in
tercourse Aith the whites taught them to considc,
any qualification worth obtaining, which cannot
be procured by slight cYnrtion Of dcsuItory and "a
priciou, industry" The report of the committe,
Of the Privy Council of Great Britain in I1SS ~,
Mr. Braithwate, the agent for Barbados, and OF
NJ. Malouet, who bore special commission TO ex-
amino the habits and character of the Maroons in
Dutch Guiana, all agree in asserting that free ne
groes are idle and worthless, and will never pro-
vide for the morrow with the foresight of civilized
beings. The latter, NJ, Maiouet SAYS, lie reno.
ct l'osivete son dcvenus dams leur eta social len,
unique passion" Does not our own experience If
this country prove The truth Of his assertion Dc
We not lind the free negro the pest of the societ,
wherever he is seen! lie is the same idle worth
less creature in the north in the south and wcs
OF our country. Have not the colonies at Sierra
Leone and Liberia most conclusvcly proven the
same fact! Does not the example of St. Domir