In a speech in the Virginia House of Delegates, in 1832, Thomas Marshall [Footnote: Collins, Domestic Slave Trade, 24, cited from Richmond Enquirer, February, 2, 1832.] asserted that the whole agricultural product of Virginia did not exceed in value the exports of eighty or ninety years before, when it contained not one-sixth of the population. In his judgment, the greater proportion of the larger plantations, with from fifty to one hundred slaves, brought the proprietors into debt, and rarely did a plantation yield one and a half per cent. profit on the capital. So great had become the depression that Randolph prophesied that the time was coming when the masters would run away from the slaves and be advertised by them in the public papers. [Footnote: Collins, Domestic Slave Trade, 26.]
It was in this period that Thomas Jefferson fell into such financial embarrassments that he was obliged to request of the legislature of Virginia permission to dispose of property by lottery to pay his debts, and that a subscription was taken up to relieve his distress. [Footnote: Randall, Jefferson, III., 527, 561.] At the same time, Madison, having vainly tried to get a loan from the United States Bank, was forced to dispose of some of his lands and stocks; [Footnote: Hunt, Madison, 380.] and Monroe, at the close of his term of office, found himself financially ruined. He gave up Oak Hill and spent his declining years with his son-in-law in New York City. The old-time tide-water mansions, where, in an earlier day, everybody kept open house, gradually fell into decay.
Sad indeed was the spectacle of Virginia's ancient aristocracy. It had never been a luxurious society. The very wealthy planters, with vast cultivated estates and pretentious homes, were in the minority. For the most part, the houses were moderate frame structures, set at intervals of a mile or so apart, often in park like grounds, with long avenues of trees. The plantation was a little world in itself.
Here was made much of the clothing for the slaves, and the mistress of the plantation supervised the spinning and weaving. Leather was tanned on the place, and blacksmithing, wood-working, and other industries were carried on, often under the direction of white mechanics. The planter and his wife commonly had the care of the black families whom they possessed, looked after them when they were sick, saw to their daily rations, arranged marriages, and determined the daily tasks of the plantation. The abundant hospitality between neighbors gave opportunity for social cultivation, and politics was a favorite subject of conversation.
The leading planters served as justices of the peace, but they were not dependent for their selection upon the popular vote. Appointed by the governor on nomination of the court itself, they constituted a kind of close corporation, exercising local judicial, legislative, and executive functions. The sheriff was appointed by the governor from three justices of the peace recommended by the court, and the court itself appointed the county clerk. Thus the county government of Virginia was distinctly aristocratic. County-court day served as an opportunity for bringing together the freeholders, who included not only the larger planters, but the small farmers and the poor whites—hangers-on of the greater plantations. Almost no large cities were found in Virginia. The court-house was hardly more than a meeting-place for the rural population. Here farmers exchanged their goods, traded horses, often fought, and listened to the stump speeches of the orators. [Footnote: Johnson, Robert Lewis Dabney, 14-24; Smedes, A Southern Planter, 34-37.]
Such were, in the main, the characteristics of that homespun plantation aristocracy which, through the Virginia dynasty, had ruled the nation in the days of Washington, Jefferson, Madison, and Monroe. As their lands declined in value, they naturally sought for an explanation and a remedy. [Footnote: Randall, Jefferson, III., 532.] The explanation was found most commonly in the charge that the protective tariff was destroying the prosperity of the south; and in reaction they turned to demand the old days of Jeffersonian rural simplicity, under the guardianship of state rights and a strict construction of the Constitution. Madison in vain laid the fall in land values in Virginia to the uncertainty and low prices of the crops, to the quantity of land thrown on the market, and the attractions of the cheaper and better lands beyond the mountains. [Footnote: Madison, Writings (ed. of 1865), III., 614.]
Others called attention to the fact that the semi-annual migration towards the west and southwest, which swept off enterprising portions of the people and much of the capital and movable property of the state, also kept down the price of land by the great quantities thereby thrown into the market. Instead of applying a system of scientific farming and replenishment of the soil, there was a tendency for the planters who remained to get into debt in order to add to their possessions the farms which were offered for sale by the movers. Thus there was a flow of wealth towards the west to pay for these new purchases. The overgrown plantations soon began to look tattered and almost desolate. "Galled and gullied hill-sides and sedgy, briary fields" [Footnote: Lynchburg Virginian, July 4, 1833.] showed themselves in every direction. Finally the planter found himself obliged to part with some of his slaves, in response to the demand from the new cotton-fields; or to migrate himself, with his caravan of Negroes, to open a new home in the Gulf region. During the period of this survey the price for prime field-hands in Georgia averaged a little over seven hundred dollars. [Footnote: Phillips, in Pol. Sci. Quart., XX., 267.] If the estimate of one hundred and fifty dollars for Negroes sold in family lots in Virginia is correct, it is clear that economic laws would bring about a condition where Virginia's resources would in part depend upon her supply of slaves to the cotton-belt. [Footnote: Collins, Domestic Slave Trade, 42-46.] It is clear, also, that the Old Dominion had passed the apogee of her political power.
It was not only the planters of Virginia that suffered in this period of change. As the more extensive and fertile cotton-fields of the new states of the southwest opened, North Carolina and even South Carolina found themselves embarrassed. With the fall in cotton prices, already mentioned, it became increasingly necessary to possess the advantages of large estates and unexhausted soils, in order to extract a profit from this cultivation. From South Carolina there came a protest more vehement and aggressive than that of the discontented classes of Virginia. Already the indigo plantation had ceased to be profitable and the rice planters no longer held their old prosperity.
Charleston was peculiarly suited to lead in a movement of revolt. It was the one important center of real city life of the seaboard south of Baltimore. Here every February the planters gathered from their plantations, thirty to one hundred and fifty miles away, for a month in their town houses. At this season, races, social gayeties, and political conferences vied with one another in engaging the attention of the planters. Returning to their plantations in the early spring, they remained until June, when considerations of health compelled them either again to return to the city, to visit the mountains, or to go to such watering-places as Saratoga in New York. Here again they talked politics and mingled with political leaders of the north. It was not until the fall that they were able to return again to their estates. [Footnote: Hodgson, Letters from North America, I.,50.] Thus South Carolina, affording a combination of plantation life with the social intercourse of the city, gave peculiar opportunities for exchanging ideas and consolidating the sentiment of her leaders.
The condition of South Carolina was doubtless exaggerated by Hayne, in his speech in the Senate in 1832, when he characterized it as "not merely one of unexampled depression, but of great and all- pervading distress," with "the mournful evidence of premature decay," "merchants bankrupt or driven away—their capital sunk or transferred to other pursuits—our shipyards broken up—our ships all sold!" "If," said he, "we fly from the city to the country, what do we there behold? Fields abandoned; the hospitable mansions of our fathers deserted; agriculture drooping; our slaves, like their masters, working harder, and faring worse; the planter striving with unavailing efforts to avert the ruin which is before him." He drew a sad picture of the once thriving planter, reduced to despair, gathering up the small remnants of his broken fortune, and, with his wife and little ones, tearing himself from the scenes of his childhood and the bones of his ancestors to seek in the wilderness the reward for his industry of which the policy of Congress had deprived him. [Footnote: Register of Debates, VIII., pt. i., 80; cf. Houston, Nullification in S.C., 46; McDuffie, in Register of Debates, 18th Cong., 2 Sess., 253.]