Washington telegraph., 1865-08-23

,anticipate ~ that they viii be impugned,
.Is result will be this: g5,7,C
Cos. of production in slave oeun;rie. per %
Iaa duty El per ews,l73 IS. = ,oiit-A 5000
cos, irrespective Of freight, - --.1.;, esa 90
cos, Of production in free labor cole q y /
mics, -rr-t. -.-.l .rzlii = loini E3ei 90
ADD duty 14s. per cut., si-sis Rcd s1sd Ia 90
n;@srencs of value between slave and ny.,fs 1
free sugar, at the lowest ESTIMATE Il i 1
or IS. per cwt., - U e-l II g oiih 3 90
80 - ..al tg tfgiI eti sSig- g------
Cost, irrespective of freight, = .a,-'Li tS 90
rSuch is the amount of protecsisn at
bresent enjoyed by our colonists pro-
action which, be it remarked is every
year to decrease! In the present. or Sc
.oud year after ths passing of Lsrd John
Russelrs bill, we find that slave grown
sugar can be brought into the market at
cost of production less at least by .fre
uynds per ton than that Of our own colo
1ries! We can now easily understand
bog it is that, within very short period,
Cuba has increased her exports of sugar
rom $4,000 to more than 100000 tons;
and we can readily believe that, with
such stimulus as has been given, she
nav, in "a short q period. succeed in
doubling the latter quantity. No doubt.
IN order to effect this, the importation Of
slaves from Africa must go on with cor
responding celebrity; but that is matter
which We need not regard, as our present
rulers are actually giving an enormous
impulse to the trade. rn. --- sg-T..s
"In matter of this sort, ia which the
element of British honor is largely i'm
plicated, it in reality matters not who
tue parties are, whom, by an unjust and
Inconsistent course of Legislation, we are
thus Oppressing and defrauding. But if
self interest is at all to BE- taken into
view, it may be as well that we should
know, that at least three fourths of the
capital now jeopardized incur West lnJi
an colosies, is the property of fellow-cit-
izens in this country. The disastrous
-Hscts of the Mauritius failures primarily
caused and frightfully accelerated by the
abotion of the old, and the operation of
th- new system in that island. were i'm
aediately felt by the commercial circles
here, and tended greatly to increase that
ipression which has been experienced
in every branch of our trad. II, as is
i now seriously meditatrd, and as must bs
The case should the Whig Cabinet prove
Qually obstinate as rash. our West In
. dan plantations should be abandoned,
and the capital already expended al COM
l pletrly sunk as though it had been drop
I Ded into the depths of the ocean. we may
mex for another crisis at home, which
will assurediy appal tlrH !oldest- LIT
our financial authorities IL us whether
We can under present circumstances. al
4 rI to. part with All invested capital of
two hundred millions, or to throw back
into state of nature and Pauppria m
tqlonics which, very few years ago.
~nsumed annually no less an amouat
than three millions and half value of
our manufacturers! And yet to such ie-
suits, unless some strong remedial meas
ure be Immediately applied, We are m st
drcid-dly tending The depreciation of
the value of property in the colonies has
Z been going on ter years at a most alarm
ing rate, and we shall now state f,w
facts upon that point, which We think
will convince the most scaptical We
'iall begin with Demerara.
II In 1898, the value of the estates. ow-
ag 10 the want of labor had fallen from
nr-tllird to half The following is the
reount of somo of the estates: -.g ,.l
rri-. in Former
1888. Price.
AAa Catherine Estate, faO,0oo EsO.OOo
Pgyidenre $4,000 $4,000
lioaas, -- 10000 30 OOO
IN 1910. the depreciation became
GREATER. Here are few. e1amples:-
R'ne and Houston Estate, f4eeoo ffO0,Ooo
sesss, $1,000 ? $500
&y 26,OO0 -" $4,000
In lS44, the 'Greenveldt' estate, for
aaaY EaIued at af35, 1000. was sold for
$4,000. In 1S45, the 'Baillie's Hope
Sats, formerly valued at sf5o,O00, was
Aposed of for $1,000. Aud in 1916,
as HARLEM estate went for .e3,500,
'a'reas its previous yalue was not less
am t50,O0Ol -<sE.
We have been accustomed Of late to
s.'aations of property but it would be
lsult to find in any other list of prices
va Instances of ruinouss declsnsiOn.
e above were cases of private sale; lot
Imw look to the Estates which were
eby execution in the country, and we
% ind still greater dscadence- In
blowing list, which is that of 1916,
~htty estate disposed of in 1910.
?'ars again. .,.....- -
EEstate, $4,000 100000
n5., 5000 5000
'@%s Last, 5000 $1,000
Let those persons whs think that the
'en We're amply compensated by the
ego, 100000, at the time Of eman-
~0n' consider the above figures care
,rJ NJ: and they may arrive at a different
Lessen. Let US adopt the argument
K,s paater, and take the case Of tho
sS6Oos oes,'a., of the original value of
tl.o ~; Suppose that upon this estate
:lsa, aa been els, 200 of debt, and
Fs,or sssc as remnant interest;to the pro-
MA.ua $4,000. Let us further sup
hsaA .ne Property had not changed
: O4. An 1916, when it was brough
conp.sna the result will be, that the
NO, any, on money, estimated at St5,-
iaeAed j. the price which the estate
Essa IN NE public market, would bare
4 aud d 'aQced tc hu,, ags fl,a ,uorlpopa