The examiner. [volume] (Louisville, Ky.) 1847-1849, 1847-07-03

the same effect upon the value OF land, an
! hold out the same encouragement 10 il
( improvement. which would be produced b
, the introduction Of five millions OF free pee
, pie by immigration, under present circum
stances. VIVA. the positive addition t
, the value Of land would be, from tie abO
lition Of slavery, it would be difficult to 81,
with exactness; it would certainly bear
large proportion to their present value
Or course, the lands in those parts OF IN,
South where the slaves are most numer
Gus would receive the greatest augmen
tation Of value, inasmuch as they would b,
at once relieved from the heavier burden
and be offered the better market in tn,
wants Of the greater number manumi,ted.
| | have thus shown that the shareholders
being also the land PROJECTORS, would, in q
few years. De compensated for the manu-
mission OF their slaves, by The augmented
value Of their lands. In considering the
compensation which should be made 70
them, in the event Of abolition, therefore, il
would be asking too much of government
to pay down the marke. value. OF the
slaves
Having endeavored to show that slavery,
at any time, is inconsistent with the accu-
mutation Of wealth and with the increase
OF population, | will now adveI; TO the par
ticular circumstances which make j, highly
desirable to the Southern people to rid
themselves Of slavery q, the earliest practi-
cable period.
In the course Of fifteen years more, the
supply Of slave labor in the new States will
equal that Of the Older States al present; the
good lands will have been occupied, and
much OF them, doubtless, will have under
gone the process of wearing out; and this
state of things will generate the same ten
dency to the deportation OF the slaves which
has been seen 10 exist 50 strongly for years
pas, in Virginia and the Carolinas This
tendency denotes the excess ST supply over
demand in the State where il is produced;
and unless there exists market elsewhere,
tie price must necessarily fall. as would
that of any other valuable commodity
But there is this peculiarly about this spe-
ces Of property,--that the production or
supply Of the article cannot be limited in
proportion TO the dminuiirn OF the demand
The slaves will 60 on TO increase in num-
berS without reference to their value, which
IN consequence. may become nothing
The acquisition Of Texas can only post
pone this event for few years. All the
States east Of the Mississippi river, except
the States Of Mississippi, and Florida, have
sufficient, or nearly sufficient, supply OF
slave labor The former will, in FIVE or
SIX years, have received its full share, while
the latter, owing to its barrenness, can new
or require a large number. Ii NAV be fair
ly predicated, therefore. that, after five or
seven years. the whole increase Of the
slave population must ind fpdIh.t In The
States west Of the Mississippi river. After
| tina, period, the increase N ten years Will
fall little short OF million. To suppose
that 50 many can find a ready market,
would be to anticipate great increase in
the consumption OF cotton, with an unlimi.
ted extent of fertile land adapted to its
growth. The accounts OF Texas are so va
rious and contradictory, that il would be
hazardous to conjecture wha, may be lis
capacity to furnish profitable occupation TO
slaves; but surprising that one hundred
thousand square miles OF it is equal TO the
State Of Mississippi in fertility, il would not
afford field for the employment Of more
than a million and half of slaves ! ar
rive at this conclusion by referring to the
number Of slaves possessed by the Older
States, which are under the necessity Of
sending of the increase. In. fourteen year:
there will not be less than a million, per
haps more than that number, OF slaves with
in the States to be formed OF the Texas
territory; for it must be remembered, thai
after FIVE or SIX wears the whole natural In
crease Of more than three millions mus, FIND
occupation there, or become burden Il
their owners.
ken under the constitution, the population
OF the whole Union was little more than
three millions, although the country hac
been settled for more than one hundred AMI
eighty years. But in the next fifty years
the population had risen 10 more than sew
enteen millions. In like manner the slav,
population every year increases in a create
ratio, while the territory adapted TO It's en-
ployment is limited. A generation ha
suihced to supply the new States east of tn
Mississippi with slaves, whereas i, require
a century and half to supply a smila
territory in the Older States. What ha
been the work OF generation, will now b
accomplished in a few years. The SUI
plus slave population Of the Atlantic State
has not diminished, while that from III
new States will. in shor, time, be adde
to it, and the whole must find market @
employment ives, of the Mississippi.
|, is hence evident that the Souther
country is approaching a period OF gre
, and sudden depreciation in the value
: slave property.
fl 4 Tl0eDy Rcbake.