The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-11-03

are other differences to tho state, scarcely less
important III an economical view, all in favor uf
lEc ircc lnborcr. Whutcvcr the cotton producing
Ssa;cs expended for slaves above the cos, OF lnl.
porting i'm equal amount OF free labor power was
twice .oSt 10 the community.
HccEon:sE tile slaves in The cotton States prior
to iSGl NJ 3,0orOa0 IN naM',cr. uf the average
m@,n,iai value OF $hoo, equal 10 ,ooo,1Oo fn
sl,aoOe0ooe0: ami To rclicIisl This force Il large
suil mitch needed ror other uscs, was annually
drawn from :ilc gains al ihos" States.
Ii, in lSGO, :hc people hy uIIa,timous consent
hal declared the emancipation Of nj! those slnCs
wmc'hcr with or without compensation Ia those
VINO ll3d owned their service, there would have
hccn neither loss nor gain to the community cx.
cer' n; the change might increase or i-
maintenance. There would have been 10 IAN
mutation oi property. for the whole labor power
would have remained as before only Il would
have changed owners.
While IL is undoubtedly true tha: free labor is
nlwuys cheaper than slave labor. when each is
under It's most favorable conditions. the ,leilIuI-
straiion ur that truth needs more favorable cir
cninstanceS than were found in the years 1866
1867. II was not until IsGS the thir.i season or
the frce-lahor experiment. that il became, lrrnc
rally successful In its operations and results.
Then Improvement appeared. nnd the harvest,
abahdanily supplying the people with cheap fO0,i,
leaves surplus stored up for the future. The
profit arising from the sale OF cXpor;abic prO'uc-
lions of the same Spnson will amount ;o saiD,
o0O.0O0; and Il reasonable forecast Of the future
seems i promise oG equal gain in some Of the
cccdiils years, the increase of quantity coMpen-
satin9 for any reduction of price.
The annua. gain, be it fifty millions or two iuIl-
ureu ana lilly million, i5 no longer to he wasted
In the purchase Of labor, wien rs good, or better
VIII hc obtained without purchases: yet the capt.
tai must bc employed and will seek investment.
For some years very little will be needed in open
ing fresh lands, OF which there Is already too
much open for The labor applicable Ia il. After
meeting the demands Of agriculture 1t will seek
other profitable uses, as In banking, railroads,
manufactures machine shops. and the other ac-
tive employmcnis which capital finds for itself.
Prominent among the improvements, that uf re-
fertile or cotton and cane lands Should be one OF
the llrst. and rightly conducted one OF the most
profitable for the employment Of money.
WANT or LAEoREEs.
Now that capital is returning into the cotton
States, the great want there will bc lalur, q better
use of what they have and mere OF IL, 10 extend
their profitable agricultural business, yet carry
forward The other works which will be required
80 lar the prevailing conditions I'm the Sout Il have
not becn attractive TO immigrants. Poor crops,
dear food dcstitution OF the common lahOrcr
and these evils too often aggravated by disorder
ana violence, were reported during The years
1860 and 1857.
The prosperity OF 1868 stands in marked con.
trast 10 the universities OF the two years preccd-
ing. ~ similar prosperity repeated in sue ccccd-
mr. years, unit! II shall hc regarded al the rGic
ana not tue exception, supported hy assurance Of
peace ana safety, Will turn the tide OF emigration
freely from the Northern States anu from Eurnc TO
thccutton growing States During the p-cscn: year
the Pacific Railroad will bc competed and open
ell, q Highway by which the ciiiicsc aud cihcr
coolies or Asiaic laborcrs may reach Tie cotton
neiuS OF the United States. They indus. .iOi,s
frugal, quiet and numerous.