What inducement has capital in railroads or shops or books or tools to move into districts like this, or which are to become like this? Why, rather, I shall be asked, does it not withdraw more completely? Why do not all, who are able, remove from a region so desolate? Why was not its impoverishment more complete, more simultaneous? How is it that any slaveholders yet remain? The “venerable Edmund Ruffin,” president of the Virginia State Agricultural Society, shall answer:[59]

“The causes are not all in action at once, and in equal progress. The labours of exhausting culture, also, are necessarily suspended as each of the cultivators’ fields is successively worn out. And when tillage so ceases, and any space is thus left at rest, nature immediately goes to work to recruit and replace as much as possible of the wasted fertility, until another destroyer, after many years, shall return, again to waste, and in much shorter time than before, the smaller stock of fertility so renewed. Thus the whole territory, so scourged, is not destroyed at one operation. But though these changes and partial recoveries are continually, to some extent counteracting the labours for destruction, still the latter work is in general progress. It may require (as it did in my native region) more than two hundred years, from the first settlement, to reach the lowest degradation. But that final result is not the less certainly to be produced by the continued action of the causes.”

As to the extent to which the process is carried, Mr. Gregg says:[60]

“I think it would be within bounds to assume that the planting capital withdrawn within that period [the last twenty-five years] would, judiciously applied, have drained every acre of swamp land in South Carolina, besides resuscitating the old, worn-out land, and doubling the crops—thus more than quadrupling the productive power of the agriculture of the State.”

It would be consoling to hope that this planters’ capital in the new region to which it is driven were used to better results. Does the average condition of the people of western Louisiana and Texas, as I have exhibited it to the reader in a former chapter, justify such a hope? When we consider the form in which this capital exists, and the change in the mode of its investment which is accomplished when it is transferred from South Carolina, we perceive why it does not.

If we are told that the value of one hundred thousand dollars has been recently transferred from Massachusetts to a certain young township of Illinois, we reasonably infer that the people of this township will be considerably benefited thereby. We think what an excellent saw mill and grist mill, what an assortment of wares, what a good inn, what a good school, what fine breeding stock, what excellent seeds and fruit trees, what superior machinery and implements, they will be able to obtain there now; and we know that some of these or other sources of profit, convenience, and comfort to a neighbourhood, are almost certain to exist in all capital so transferred. In the capital transferred from South Carolina, there is no such virtue—none of consequence. In a hundred thousand dollars of it there will not be found a single mill, nor a waggon load of “store goods;” it will hardly introduce to the neighbourhood whither it goes a single improvement, convenience, or comfort. At least ninety thousand dollars of it will consist in slaves, and if their owners go with them it is hard to see in what respect their real home comfort is greater.

We must admit, it is true, that they are generally better satisfied, else this transfer would not be so unremitting as it is. The motive is the same at the North as at the South, the prospect of a better interest from the capital, and if this did not exist it would not be transferred. Let us suppose that, at starting, the ends of the capitalist are obtained equally in both cases, that a sale of produce is made, bringing in cash twenty thousand dollars; suppose that five thousand dollars of this is used in each case for the home comfort of the owners, and that as much immediate comfort is attainable with it in the one case as in the other. What, then, is done with the fifteen thousand dollars? At the South, it goes to pay for a farther transfer of slaves purchased in the East, a trifle also for new tools. At the North, nearly all of it will go to improvement of machinery of some kind, machinery of transfer or trade, if not of manufacture, to the improvement of the productive value of whatever the original capital had been invested in, much of it to the remuneration of talent, which is thus enabled to be employed for the benefit of many people other than these capitalists—for the home comfort of many people. If five thousand dollars purchased no more comfort in the one case than the other, at starting, in a few years it will purchase double as much. For the fifteen thousand dollars which has gone East in the one case to pay for more labour, will, in the other, have procured good roads and cheap transportation of comforts, or shops and machinery, and thus the cheap manufacture of comforts on the spot where they are demanded. But they who sell the reinforcement of slaves, and to whom comes the fifteen thousand dollars, do they have no increase of home comfort? Taking into consideration the gradual destruction of all the elements of home comfort which the rearing and holding of those slaves has occasioned in the district from which they are sold, it may be doubtful if, in the end, they do. Whither, then, does this capital go? The money comes to the country from those who buy cotton, and somebody must have a benefit of it. Who? Every one at the South says, when you ask this, it is the Northern merchant, who, in the end, gets it into his own hands, and it is only him and his whom it benefits. Mr. Gregg apparently believes this. He says, after the sentence last quoted from him, describing the transfer of capital to the West from South Carolina:—

“But this is not all. Let us look for a moment at the course of things among our mercantile classes. We shall not have to go much further back than twenty-five years to count up twenty-five millions of capital accumulated in Charleston, and which has left us with its enterprising owners, who have principally located in northern cities. This sum would build factories enough to spin and weave every pound of cotton made in the State, besides making railroads to intersect every portion of the up-country, giving business facilities to the remotest points.”

How comes this capital, the return made by the world for the cotton of the South, to be so largely in the hands of Northern men? The true answer is, that what these get is simply their fair commercial remuneration for the trouble of transporting cotton, transporting money, transporting the total amount of home comfort, little as it is, which the South gets for its cotton, from one part of the country to the other (chiefly cotton to the coast, and goods returned instead of money from the coast to the plantations), and for the enormous risks and advances of capital which are required in dealing with the South. Is this service over paid? If so, why do not the planters transfer capital and energy to it from the plantations? It is not so. Dispersed and costly labour makes the cost of trade or transfer enormous (as it does the cost of cotton producing). It is only when this wealth is transferred to the Free States or to Europe that it gives great results to human comfort and becomes of great value. The South, as a whole, has at present no advantage from cotton, even planters but little. The chief result of the demand for it, as far as they are concerned, is to give a fictitious value to slaves.

Throughout the South-west I found men, who either told me themselves, or of whom it was said by others, that they settled where I found them, ten or fifteen years ago, with scarcely any property beyond half a dozen negroes, who were then indeed heavily in debt, but who were now quite rich men, having from twenty to fifty negroes. Nor is this at all surprising, when it is considered that cotton costs nothing but labour, the value of the land, however rich, being too inconsiderable to be taken into account, and that the price of cotton has doubled in ten years. But in what else beside negroes were these rich men better off than when they called themselves poor? Their real comfort, unless in the sense of security against extreme want, or immunity from the necessity of personal labour to sustain life, could scarcely have been increased in the least. There was, at any rate, the same bacon and corn, the same slough of a waggon channel through the forest, the same bare walls in their dwellings, the same absence of taste and art and literature, the same distance from schools and churches and educated advisers, and—on account of the distance of tolerable mechanics, and the difficulty of moving without destruction, through such a rough country, anything elaborate or finely finished—the same make-shift furniture. There were, to be sure, ploughs and hoes, and gins and presses, and there were scores of very “likely negroes.” Whoever sold such of these negroes as had been bought must have been the richer, it will be said. But let us see.