The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-01

women children
intention 70 ensave Them F."
Resolved, That recommend for circulaonn all our
charges the following petition This is petition to
Dsnops and members Of the General Conference TO be
held at Buffalo, May 1850, 10 take such upon
subject as shall specifically prohibit the future admission
OF eavehoders into the church. and shal require those
already in either TO emaucpae their slaves retire
from the church, -
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Foreign Travellers View OF Black Repub-
licanism.
IDENTITY OF BLACK REPUBLICANIsM AND FRENCH
soCALIsh-EFFECr OF ITS ATTACK ON PROPERTY
PUBLIC WEALTH OF THE UNITED sTArES-ITs
STANDARD OF vALUE-How AR0LITIONIsM REDUCES
THATsTANDARD-ITs EFFECT ON PRODUCTIoN-THE
AMERICAN DEFENCE AGAINST ENGLAND-wHAr Is
THE NEGR0?-ENGLIsH MINISTER'S AND CoNsULs TO
BE REGARDED WITH CAUTION, ETC., ETC.
TO THE EDITOR OF HERALD.
NEW York, March, 1850.
The republican party should be considered it's abol
ton principles tending 10 produce the bad effects
upon society that communism and socialism would have
produced in Europe had not their utopian sentiments
been killed by strong conservative feeling The poor
sometimes in their despair hate those possess wealth
as their msfortunes the fault Of the rich But as
both public and private prosperity only be
quence Of respect for the right of property, the pre-
dominance OF any other principle society would be
desolving and destructive one.
think practical examination the idea Of aboshing
slavery would prove that it Ia ridiculous scheme and
that carried out would nc heavier loss upon every
inhabtant OF the community, including the black repub
icans themselves, who possessed any other property Or
industrious occupation than would upon the owners Of
the slaves.
The number of these Ia estimated to be four millions
which at average value Of 81 o00 represent capital Of
four thousand millions Of dollars Suppose that abolish
ing slavery indemnity to be paid TO the Of
fifteen hundred millions Of dollars only, this could only
be done by creating public debt accrung interest," and
the government would pay interest at five per cent
seventy five millions Of dollars sinking fund.- twenty
years to run, at I'VE cent seventy millions of dol
ars-thus increasing yearly taxes Of the people one
hundred and nifty millions Of dollars
Capital seeks investment in stocks in proportion TO their
security and when such the foregoing debt
offered to the public all other loans ami
must rate Attn same, or higher interest proportion
their SAFETY When such an addition Of public az
above anr1d take place in The market
mipshed-and that of money would be enhanced. II one
hundred dollars Of stock be per
an interest Of ony four and half per csrt S u
purchased for $780, the interest the Investment would
be six and quarter per cent
The public wealth Of the Union Ia Estimated nj
thouiand ave hundred millions Of dollars which paws an
average interest Of four and half per cent i've hun
died seventeen and half millions If the standard OF in
tsreft should be raised to on per cent by an increase
ofthe public securities seeking Investment this amount OF
public wealth would decrease in value until il became
equaized TO ga per cent stock, and would be worth
only s. O0o being depreciation Of s3 900 600
or cay 80 II cent Of the remaining capital Every
one possessing houses lands stocks sbares or
Of any Kind or an Industrial occupation would lose 80 II
pr cent Of their capital aggregate wealth of the
country be to mat extent bv this frat
effect OF abelitionism
The present taxes Of the country paid on value Of
Slsoo,oo0OoO The subsequent ones, ncreaeet with the
addition Of Slb0 00o 900 year. wond have TO be borne
oy value 81 IL per cent es, Tue result would be that
taxation would be three times heavier than 1t TO day
at the same time that clothing food every commodity
would become dearer.
This decline in the value Of everything, when the
standard Of interest increases the natural effect that IA
felt in every financial crisis At such times the operation
70 increase 70 the capitalist the choice Of Investment
only fourth 1915 taken By capitalists in
the country, then that amount Of capital is withdrawn
from ts proper channels Of industry and they would be
abandoned TO that extent reducing again amount of
public wealth.
The Emancipation Of the slaves would reduce the pro
ducon Of cotton and other staples labor would be-
come dearer. Thus the public wealth would also suffer
loss in its exports while the price Of the staple would
become enhanced; and England buying dearer rates
would be forced 10 sell her manufactures at higher prices
while the cost Of these TO the would be still
further increased by the higher duties necessary
the necessity OF increased revenue.
But would the abolition schemes change the condition
OF the slaves who represent to day the
unhappy class Of the society they TO ameiorate?
do no, know that by the fact Of becoming free they
can only conceive those incapable of labor or not
having the will TO work, which is their inclination would
wander m the streets, disturbing the public tranquility,
and would before long require appropriation large
public fund to provide for them in establishments formei
Tor thai purpose These appropriations would be another
Of taxation, to be paid by every nhabant nclud
ing the black republicans.
The great power Of the United States against England
lies in their cotton and when menacei with war some
thirty millions Of dollars would form sufficient ca pita
for bank to be established for the purpose purchase
cotton or make advances it. without interest," aud pre-
vent the shipment of single bale of cotton England
for three, four or Blk months The loss interest would
amount To the round of half million OF dollars;
while in that time England through want OF OCCUPATION
for her aboring population would feel the evil effects Of
q civil war that wodd result in emigration 10 the
United States Of million OF skilled and Industrious
pie. This eng alton, estimated at valuation of
one thousand dollars EACH would be equivalent to adding
thousand millions OF dollars to the public wealth Of
the Union.
When abolition OF slavery shall take place, not only
would this rational power DO lost, but portion of the
four mious Of eancpated negroes might be stirred up
BY England by the distribution Of small Of money
among the mos: necesstous, to disturbing the public
tranquility.
The aboiouiss generally theorise on q subject they
have not studied aud individuals whom they conceive
70 differ from the whites only in color they make great
mistake aud il they would examine the creniums
OF the races they would End that they could readily
distinguish .ha. Of the white from the black The
bead OF the negro be closed intelligence The
only tool be requires Ratchet. nothing IS invent
ed by him. and negroes generally have neither the know
ledge tho dese Of their freedom rhey do not feel
the springs OF ambition have they the sentiment OF
economy and surely the last Of the lives
who are free are passed N the greatest msery Physo
logically speaking can accord TO the negro at most
but thirds of the white man. the other third belonging
rather to the orang outsng monkey.
The abooDists have the right collect capital among
those who acquesce 10 their IDEAS my negroes and
msk them free, giving them lands and wealth possess
Blu. they right attempt any attack on what IL
the property OF Others and which should pecod
same as If it were represented IN houses lands, &c
think therefore,, arst that the abolition of slavery
try or the world; second that the plans of the black
pubcaDs may favor their private Interests then that
interest to attack and destroy the Union; third that as
Is well Know that the back republicans LOOK England as
their great leader and agator nsters and consuls
should be regarded with great caution.
q FOREIGN TRAVELLER HERE
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