The examiner. [volume] (Louisville, Ky.) 1847-1849, 1848-08-19

population and wealth. would promote intsrna
improvements aud thus increase the value o
our lands.
Finally, improved habits OF industry AM
economy in the white population, would be |
virtual addition to tho value Of the lands; TO
they would diminish the cost and thus increas'
the profits Of farming. Its to these tabiisiha
we are 10 impate In part the superior value o
lands In the free States. 1t is a remarkable fac
that, generally speaking, the lands Of the FREE
States sell for twice as much As those Of simil
ar quality In the slave States. Where This Is mo-
The case, the exception is owing to local causes
and net to any superior or equal profits Of slave
labOr. Near Louisville. for example, the su'
perior value Of Kentucky lands over those on
the Indiana tide is owing evidently to the posi-.
ton Of the city, and in part to the cultivation
Of gardens by the industrious German popuia-
ton.
The inevitable tendency of slavery is TO relax
industry, to Increase the number Of idle persons
Ian the community, and produce habits Of waste
full consumption and profase expenjitars.--
Hence the frequency Of gradually aecumnlatine
dChss from v'ast Of eseacn,s. and fhs dls.ipation
OF estates by the heirs even before ffS3' come 70
the inheritance. An emancipation law would
first check. and then gradually cure tho tenden-
cy towasds these unthrifty and often ruinous
habits in slavsholding community And
would not this be virtual and very Important
addition 10 the value Of our lsndsl Suppose
the market value of a mans farm be thirty dol
lars an acre. and then by some means 1t should
rise 10 forty dollars--the rise would be nothing
to him while he kept the land, unless his nett
profits increased with the increase Of the narkei
value; aud II his metz profits increased, q would
matter nothing whether or not the market value
increased, unless he wanted to sell his land
Now, If slavery induces unthrifty habits, by
which even abundant produce avails nothing to
a mans comfort and prosPerity--and an eman-
lcipalion law tends 10 correct this evil and 10
make what man has more conducive TO his
own, and his children's welfare; is not this a
real and important addition TO his fortunel A
mans wealth does not consist so much in the
amount Of his income, as in the amount Of pre-
sent and future enjoyment which his good
economy makes it yield. II man have 5000
dollars year, and by neglect or mismansge-
meni the half Of IL be wasted, he is no better
off than the good economist who has 800 dol
lars year.
For the reasons now stated, and other reasons
that might be mentioned, such rs the better
means Of sustaining schools in free State-we
may safely calculate that the shareholders Of
Kentucky would be amply compensated by the
increased value Of their lands, for any sacrifice
Of slave property which the proposed emanci-
patton law would impose upon them. II they
chose to send their slaves out Of the State when
the law WIS passed, or at any time while the law
allowed it, they would suffer no less OF proper
ty at all, aud the improved value af their lands
would be clear gain.
| We have supposed on good grounds, we
tank, that an increase Of one dollar per acre
on the average. in the value Of Kentucky lands
4 or Of one sixth Of their present value, wtuld b
fsliy sqslsaIsnt 10 the uliimass Ioss y siay,
property from the scheme Of gradual smpanei-
patton.
Now IL does not require large increase o
value in the produce Of land, to rsise the valu,
Of the land itself one sixth. Let us suppos
that now farmer sells produce annually 10 tn
amount of l 500 dollar 8, and that GOO dollars o
this sum is nett profit. afser paying all the sx
penses Of cultivation. One sixth Of this NET
profit is 100 dollars. If, then, by any means h
can get 1900 instead OF 500 dollars for hi
crop, while the cost Of production remains III
same, or IL he cen reduce the cost of producin
the same crop by 100 dollars, then his nett prof
will be increased one sixth, and his land will
increased one sixth in value. Ii is not the gros
produce Of land in quantity or in value tina
regulates the value Of land--but the nett pre-
duce after oil costs IRE deducted. And the ne
produce may be increased in various ways--b
, increased production from the same ground wit
. the same expense Of labor-by increased mark'
, value Of the crop when produced at a certai
: expence--by improved economy OF labor, and
o consumption on the farm &c. A comparativel
: small improvement in any Of these particular
will make difference of one sixth in the ne
a profits Of the farmer, and in the value Of h
/ land.
e As to the profit resulting from economy
= good management, il may seem not to affect Il
i market value of the land but to be owing to q
# personal qualities Of the occupant.
1t is true that In all countries and states
= society," the profits Of business will depend mu'
!, on the personal qualities of individual men.
" But here is the consideration that bears on Z
present subject--different habits spring fro
different social Institutions. Slavery general
habits and customs and sentiments unsavorat
= to industry, economy, and the profitable ma
sgement of business generally, and especially
agriculture in which the slaves are common
!, employed. In the slave States agricultural
: II Dor is ascertained to be much less product
: rnun IN tire fIov .~-.>s~>>sly the ma
ket value Of lands !. much injector. Reno
M slavery and you viii remove its effects. By il
proving the business habits Of the country,
r economy, the management Of the landowne
YOU will raise the value Of their lands by m
king them produce more at less cost. This
: feet of removing slavery added to tine oth
: mentioned, will in due time most probal
y double the value of Kentucky lands, instead
adding only one sixth. Shareholders will, the
=. fore. most probably double the value Of
:. landed inheritance of their children and graz
:, :. children, by putting away slavery from smo
{. them.
h. II it be objected that in the preceding sta
=, ments we have incorrectly assumed that all