Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1861-02-07
NHOLB no. 5o6.

south auu DOT III tue 1tpttH. Ddt.
, great and disastrous as these vide
spread mischiefs would be, there is
another of far deeper concern to
the white laboring classes through
out the United States. If the
scheme of emancipation were sc-
complished, II would quickly result
ia the reduction es the wages of the
! American working classes to the
rites of the paupers and peasants
Of Europe. FOR the stakeholder ia
The notaraL, he Interested and legits-
mate ally and fiserd Of tie wiits
la5oring man; and siapsry tie most
isfectuaI and powerfm safeguard
FURNISHED by the Institutions OF this
lor any other country, for the pro-
lection of white labor against the
selfish dominion of capital and its
remorselsss struggle TO increase its
profit at the expense Of wages. :.
Fur I lay it down, as a propo-
sition which cannot be successfully
controverted, that laJ0r Is the prima-
ry anG capital the secondary soarce
! OF al human wealth All omen 10.
lcivilzed Safe live Ga wages-or Oh
the profits ri' a capital, or on both
together. The eant'.l Of the slave
holder il net practically invested
in the q sh aud blood ol fouf,
millions of slaves sbstractiy, but 10
their labor; aside from which they
are worthless. The profits OF the
STAKEHOLDER, therefore, arise from the
wages Of four million Of slaves, and.
ale enhanced in proportion to the
g neral elevation Of wages. As
wages or black labor are the source
| Of profits TO the stakeholder, and
labor onwhite labor are also the source
fof profits TO the white no n-sla We
holder, it fellows that the interests
OF the white la6OTcr aud the slaoelo!-
! der are identiCai, since the income OF
Of both arises from profits in the
form cf wages on labor prefOrm d,
BY one, and purchased in advance
Fby the other. The stakeholder is
Fpjs-riu!ly ard deeply concerned to
/ Keep up his wages on black lsbor, md
doing 80, by inevitable Consequence
KEEPS up the wnges of white ial OF.
Throughout the Uaitsd States. He
( is the srsfore tbe Interested, sGtarGI,
and legitimate friend, ally and de-
I fender ef all iabcr cvery,chere,
against national banks, factory sys-
TENS, protective ;nt;ffs, souiiess, but
splendid eorporatious, which, sur
roupatd with immunilies and
exemptions, armed gith immense
'facilt les sud powers, aud vast sg-
gregatod capitals ever seek TO increase
tber profits at tie expense OF W ges.
Capital and labor, like good and evil,
are aniagonisiie The war between
them i perpetual; ard the one has
msjDtsinod It's aseendency, as 10.
tellect ard power have been 1850,
iated With il in the government SIa-
very in this coua.Iy,. has interested
in the wages Of four million Of
slaves, splendid, enlightened and
powerful association Of men in the
South; ever prompt and eyeI ready
to rebuke the war Of money OH
labor, aad 10 resist its meyciless
encroachments on its price aad vsl-
us. And tho outside Objection to
slayeryo BY the fanatics, is pre-
8 tended philanthropy; the inside one
lin its tendency .ou the principles
$ / have expIaiued isz'inc7ease Wa
: ges. IF they en- abolish slavery,
e and disband that brilliant assOcia-
. ton Of pow eIfnl men. interested
r on the side of labor al the South,
/. then here, as 10 England and on the
e continent, the capital OF the nation
n North and South would coalesce, and
g very soon screw wages 10 the propel
!. standard Of Europe, where they ali
t, bureIy sufficient 10 keep soul snt
e body together. Aud when the da,
=, shall come that capital shall be Al
re on one side and labor ohihe othe
20 side; when the deadly and remorss'es
4 conflict comes on. between Eagesa az
e. profits, wealth and ery,aynriee an
,e hunger, landlords and tenants, tbG
oy shall the cry Of distress from the hui
2. cry and the poor, go up from all q
e- land, as in Egypi, when the wrath
in Heaven was manifested 10 its plague
Ier and the angel of Dsash spread !
es. wiDgs upon the blast.
Ia. Then lex DO voice be heard
ns,i divide these people Of the South,