“A full equivalent being left in the place of the slave (the purchase-money), this emigration becomes an advantage to the state, and does not check the black population as much as at first view we might imagine; because it furnishes every inducement to the master to attend to the negroes, to encourage breeding, and to cause the greatest number possible to be raised.” Again: “Virginia is, in fact, a negro-raising state for the other states.”
Mr. Goode, of Virginia, in his speech before the Virginia legislature, in January, 1832, said:
“The superior usefulness of the slaves in the South will constitute an effectual demand, which will remove them from our limits. We shall send them from our state, because it will be our interest to do so. But gentlemen are alarmed lest the markets of other states be closed against the introduction of our slaves. Sir, the demand for slave labor must increase,” &c.
In the debates of the Virginia Convention, in 1829, Judge Upshur said:
“The value of slaves as an article of property depends much on the state of the market abroad. In this view, it is the value of land abroad, and not of land here, which furnishes the ratio. Nothing is more fluctuating than the value of slaves. A late law of Louisiana reduced their value twenty-five per cent. in two hours after its passage was known. If it should be our lot, as I trust it will be, to acquire the country of Texas, their price will rise again.”
Hon. Philip Doddridge, of Virginia, in his speech in the Virginia Convention, in 1829 (Debates p. 89), said:
“The acquisition of Texas will greatly enhance the value of the property in question (Virginia slaves).”
Rev. Dr. Graham, of Fayetteville, North Carolina, at a Colonization meeting held at that place in the fall of 1837, said:
“There were nearly seven thousand slaves offered in New Orleans market, last winter. From Virginia alone six thousand were annually sent to the South, and from Virginia and North Carolina there had gone to the South, in the last twenty years, THREE HUNDRED THOUSAND SLAVES.”
Hon. Henry Clay, of Kentucky, in his speech before the Colonization Society, in 1829, says: