The Abbeville banner. [volume] (Abbeville, S.C.) 1847-1869, 1859-06-09
RACES W CNrrON Ann StAvks

~. might apparently hc the source
=, ".m.,t fabulous wealth, if the power
'N.-...; /" place them at once under cotton
'H.'A;i"n. ia" most direct method "f in.
''"'-."-: The prosperity am! power Of :hr
'"nh. Is. hv II :'w. supposed I" be to re-.
"!".n "nr ports I" The introduction "f fresh
linm'-.ra;rm, forced or voluntary, from the
v,,,:> # \hica.
ia. the Irc~"n, value Of slaves j., no,
M..i'nu; II precedent, anI i, no evidence
',.,; or labor falls short of our present
nv'r~>;'v. In 1879. the demand for
''N"' a' 't" H"''i' commenced l'alpahly
:" !:.'i n>'', aud under It's stimulus. whi,.I,
i''i H. "ri lin in an extraordinary pric.
I Il cotton, sale, Were nldr that, for ;,Ivan-
''@" /" III" SELLER, are even now srarrrv
''ir'l''l. the emigration Of black, from
,rSlnra anal other northern slave States
= it'' legion "l cotton and sugar culture
60 r.ld, a,il the amount of vi.in soil
:l:..-'.y converted into fruitful larvr>,
i.h:~ WAS un"x:unrl"l. The cotton crop
''>'' il" Il single year hundreds of thou
>,n,:- "f bales, AMI without any addition to
Tia stock ct nrgro"S. except by the ordinary
in"i"a>""t that Species Of population, prices
n'imr,"!y f"Il
Es"a, and CROWN" as WAS the demand,
III" supply "f cotton begun to exceed it,.
al III I.tt,
'>ru'h >ulUrmiv found itself on tll. v..rrc
:" Bankruptcy. Cotton, With brpmyh,
twenty four cents in 1886, in 1871 snIl hut
i't..r above SIX; aud negroes, which, in the
i"'miy ear, readily commanded from
,wrv. !" fifteen hundred and two thunsan,l
'".!ar>, coull, in the latter, have been
ln:rI'a>ri for seven and eight hum
,l",l.
NJ law is more certainly asccrtanel than
that i!', price Of negroes is, and must always
i'", governed 10y the price of cotton. 1t
inu't ilurtua,c with the lluctualion Of
our Great staples. l;ut who dream, that
r'':'''n j, 10 command, year after year,
IL" IiSncs which have hvcn realized, lh"
pas, and the present season! If the stock
""!' which the manufacturing world is to
J." supplied, ,'.rivcs no additions from
'i!''r quarters, will not production, under
'A'>''ny circumstances, grow in these Uni
Id States with such extraordinary rn,i.lity
,nat a Srrr!u, will soon remain u,>ohi, or
,i,an,- hand, II! diminished rates Even
lao" The stock is such that one unusually
lsi:;" crop promised to exert some influence
TN li,r liicc, had nv c"nvul,iru been pro
'!arc'l III Europe ly ambition AMI mis,ulc.
lat the slShtcs. change in the v;lne
'! our great staple will be felt upon our
labor.
IA: cotton States dictate the valae Of
ia" n'yro i'll Virginia, Maryland, Ken,
ln"ky and Missouri. Incrcasr'i profits from
.'':"'i'y in the lower Mississippi valley,
CREATES Il demand f., slave Labor, AID Iii,
'!rinand lrrirascs It's price. l'ut the in
r'':,,; Of labor also crIargcs the production
q! the great staple Of the South, which,
having attained Il cc'ta II point, is decreased
Ia value, eli citing u re luclion of the line of
profits and OF tn" price Of the labor itself
.\"y convuI<on among the nations, sub
!rac;ins from their power to manufacture,
lowers the point at which the supply Of cot
I'm PASSES the demand and ln.s,cns the
,:mc Of decrease in the profits Of cotton
culture, aud consequently in the value of
slaves.
thousands Of hands are in the cotton
Grl Is to-day ,ha, never before saw the cot
ton plant. Thousands of acres will this
year, Notwithstanding the loss hy the fools,
Written with harvcsts, that for the first time
have been stimulated into production. Ii
no untoward circumstances happen, and no
change is witnessed in the policy Of the
planting interest, the stimulus already given
T. cotton culture will end, at no distant pc
rio'i, in the reduction Of the price Of cotton
an.l Il corresponding decrease in Tie value
oI negroes.
The fact that an extraordinary price has
h"cn attained by negro property, SO far
from logically creating the desire to pour
into the cotton States thousands Of raw
hands from Africa, should awaken l,ru-
dent caution against the effect Of posi-
bc rcvulsion in the profits Of our great sta.
PIE. Experience has taught tl,a. planters
are tempted by unusual returns from their
liarvcsts tn devote their Whole attention to
the growth Of cotton, ncglcctng to raise
even their necessary plantation supplies
Zach year of extraordinary prosperity adds
to the strength Of the inducc,ncnt to spend
every energy on one single crop, and in
crcases the desire TO enter the market for -
new supply of labor, even at the most cx.
travagant rates and at the hazard Of a
debt, dangerous should the prices of cotton
fall.
Who, that witnessed the ruin that grad.
lIa!ly settled down over tina Snu,I, FROM,