The examiner. [volume] (Louisville, Ky.) 1847-1849, 1849-06-16

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lcONTTSUED.l
acotber thing should be considered, es
...;.Ilc IN regard to free States newly SCI
-. that IS. the deficiency Of capita
sropg the poor emigrants who constitute
~, H., mass Of agricultural population. Unit
- nave lime TO accumulate capital BY
-, industry. they work at a great disad
rsntare. co1sared with the wealthieI
c,ro,sT Of the older countries, and the slave
EoIding emigrants to new States.
The second particular aforementioned
..,,.Iy the different effects Of the meliora-
- and The exhausting systems Of agricul.
,1-S uoon the agricultural wealth Of coun.
,ry : of great importance. Under the
,..l;ora,iug system, the farmer expends q
nsr of his labor in the improvement Of his
sol mus adding yearly to the value Of his
and This part Of bis labor is like money
IN, On, AZ compound interest; for he thus
ipsures the constant increase Of his future
croDs. But the farmer who pursues the
exhaustive system, 50 employs his labor as
20 extract he largest possible crop for the
nrssent. bu. in 50 doing he reduces the fer
div of bis land, and insuTes the constant
5seieass Of his future crops. His policy is
tbs, Of the spendlhrift. who borrows money
A. compound interest TO defray current ex-
psnses.
Now /. IS a notorious fact, that in the
free SAFES the melioraling system prevails,
IN the slave States the eXhausting system:
and their comparative effects on agricultu-
rel wealth and prosperity are strikingly
displayed in the old States of Pennsylvania
and Virgnia-the former, with no natural
superiority OF soil producing more than
twice as great a value to the hand as the
lsusr. The same difference appears be
tween the old free States and the old slave
States generally. No man who rides
through Them can fail 10 see on the face OF
ne country abundant confirmation of the
results exhibited in the foregoing table No.
2, but even thst result should be corrected.
BY siding TO the products of the free States
the yearly addition TO the value OF the lands
by good husbandy, and subtraciing from
the products Of the slave States the value
taken By bad husbandy from the poor re-
mains Of fertility in the soil.
Having thus disposed OF the fundamental
question respecting the comparative wealth
and prosperity OF the slave-holding and the
free States. We shall now trace Mr.. Fish
ers vsgsbond course in attempting to show
cause WY The South has tEiumphed las he
pretenos) 10 the accumulation Of wealth.
Here he becomes exceedingly Philoso-
Phical. He traces wealth to its primary
source. On page S he opens the invest.
sston BY telling Us with solemn gravity,
that "the original method Of acquiring
wealth adopted by men on their organisa-
ton into communities, was by conquest or
commerce.
Here Mr.. Fisher " dives so deep that be
comes up muddy" We would humbly
ask him whether some more "original
method Of acquiring wealth must not have
been adopted by mankind? Without pre-
eIisting wealth to some extent, what could
conquest get! What could commerce do!
Instead Of explanation, he gives us histo.
~. He tells US that some nations have
been military, and that some nations and
cites have been commercial; as, for exam
pie, Venice, Genoa and Holland. Having
thus proved, historically, that wealth was
first acquired by conquest and commerce,
he then informs US how mankind. in these
latter days, discovered another method OF
acquiring wealth. We must give this deep
observation il his own words. "At a
later period, (ssys he,) when the arts had
made more progress, manufactures were
included in the means of creating wealth"
10 lsborlng to be profound, Mr.. Fisher
again becomes obscure. Our poor intel. |
isct IS utterly puzzled to know what " the |
arts could have been doing for so many |
ages, until they became manufacturers
Iaai IS, learned to make things, and were
men taken into partnership in the business
o. creating wealth, by conquest and com.
laefce, who had previously monopolised
ns whole withdrawing energies Of man |
Aad. According to Mr.. Fisher, the arts
aio nothing until England invented spin.
magazines. Now, in our opinion, many |
Jenny spun before the world had seen q |
spinning Jenny.
buI (says he, lhirdly), an extraordinary
development of commerce and manulac-
lures has always resulted ia the concentra.
uSG Oh large masses Of people in cities,
Sllch causes inequality Of condition, great
oepraVIty Of morals, &C."
again he says, on page 0: "This great
.'A, TIE tendency TO city lile], sufficient of
.-'e'i 70 cast a stigma on ciyilisation, and
even Ultimately to destroy it, was for the
list ume successfully encountered by the
.usS!Ohons OF the South, that il, slavery, |
s1u 10 'he great achievement, Virginia led
"esie sorry to encounter such nonsense.
= lusfe more inequality OF condition in free
e'Ies man there is where slavery exists
u .1. nas virginia the honor of having invented
.s'eIy' and Of being the first civilized
'OIn'ry n which cities could not grcwl
M Fisher is not the originator Of this
slsnge notion that slavery is q social bless
.s, because it keeps down manufactures,
s0nnsTcs, and cities. 1t was invented BY
.oe champions Of perPetusl slavery in the
@o'h' when they found their favorits inst.
.uaon objected to on this ground. They
~ s".: not deny the facts charged in The OBJ
e0u0n' but determined at all events to find
T.' 'la'eholoIng the quintessence o. social
. .I. they pronounced all the effects of
, ~a"sy 10 be, like Gods creation, gerry
i, oo Slavery keeps down the population Of