[Footnote 73: MS. probate records at LaGrange, Ga.]
[Footnote 74: Charleston, City Gazette, May 28, 1828.]
[Footnote 75: Olmsted, Seaboard Slave States, pp. 707, 708, quoting contemporary newspapers.]
[Footnote 76: Cf. D.D. Wallace, Life of Henry Laurens, p. 429.]
[Footnote 77: Olmsted, Seaboard Slave States, p. 244.]
Although this phase of the advancing valuation gave no occasion for regret, other phases brought a spread of dismay and apprehension. In an essay of 1859 Edmund Ruffin analyzed the effects in Virginia. In the last fifteen years, he said, the value of slaves had been doubled, solely because of the demand from the lower South. The Virginians affected fell into three classes. The first were those who had slaves to be sold, whether through pressure of debt or in the legal division of estates or in the rare event of liquidating a surplus of labor. These would receive advantage from high prices. The second were those who wishing neither to buy nor sell slaves desired merely to keep their estates intact. These were, of course, unaffected by the fluctuations. The third were the great number of enterprising planters and farmers who desired to increase the scale of their industrial operations and who would buy slaves if conditions were propitious but were debarred therefrom by the immoderate prices. When these men stood aside in the bidding the manual force and the earning power of the commonwealth were depleted. The smaller volume of labor then remaining must be more thinly applied; land values must needs decline; and the shrewdest employers must join the southward movement. The draining of the slaves, he continued, would bring compensation in an inflow of white settlers only when the removal of slave labor had become virtually complete and had brought in consequence the most extreme prostration of land prices and of the incomes of the still remaining remnant of the original population. The exporting of labor, at whatever price it might be sold, he likened to a farmer's conversion of his plow teams into cash instead of using them in his work. According to these views, he concluded, "the highest prices yet obtained from the foreign purchasers of our slaves have never left a profit to the state or produced pecuniary benefit to general interests. And even if prices should continue to increase, as there is good reason to expect and to dread, until they reach $2000 or more for the best laborers, or $1200 for the general average of ages and sexes, these prices, though necessarily operating to remove every slave from Virginia, will still cause loss to agricultural and general interests in every particular sale, and finally render the state a desert and a ruin."[78]
[Footnote 78: Edmund Ruffin, "The Effects of High Prices of Slaves," in DeBow's Review, XXVI, 647-657 (June, 1859).]
At Charleston a similar plaint was voiced by L.W. Spratt. In early years when the African trade was open and slaves were cheap, said he, in the Carolina lowlands "enterprise found a profitable field, and necessarily therefore the fortunes of the country bloomed and brightened. But when the fertilizing stream of labor was cut off, when the opening West had no further supply to meet its requisitions, it made demands upon the accumulations of the seaboard. The limited amount became a prize to be contended for. Land in the interior offered itself at less than one dollar an acre. Land on the seaboard had been raised to fifty dollars per acre, and labor, forced to elect between them, took the cheaper. The heirs who came to an estate, or the men of capital who retired from business, sought a location in the West. Lands on the seaboard were forced to seek for purchasers; purchasers came to the seaboard to seek for slaves. Their prices were elevated to their value not upon the seaboard where lands were capital but in the interior where the interest upon the cost of labor was the only charge upon production. Labor therefore ceased to be profitable in the one place as it became profitable in the other. Estates which were wealth to their original proprietors became a charge to the descendants who endeavored to maintain them. Neglect soon came to the relief of unprofitable care; decay followed neglect. Mansions became tenantless and roofless. Trees spring in their deserted halls and wave their branches through dismantled windows. Drains filled up; the swamps returned. Parish churches in imposing styles of architecture and once attended by a goodly company in costly equipages, are now abandoned. Lands which had ready sale at fifty dollars per acre now sell for less than five dollars; and over all these structures of wealth, with their offices of art, and over these scenes of festivity and devotion, there now hangs the pall of an unalterable gloom."[79] In a later essay the same writer dealt with developments in the 'fifties in more sober phrases which are corroborated by the census returns. Within the decade, he said, as many as ten thousand slaves had been drawn from Charleston by the attractive prices of the west, and the towns of the interior had suffered losses in the same way. The slaves had been taken in large numbers from all manufacturing employments, and were now being sold by thousands each year from the rice fields. "They are as yet retained by cotton and the culture incident to cotton; but as almost every negro offered in our markets is bid for by the West, the drain is likely to continue." In the towns alone was the loss offset in any degree by an inflow of immigration.[80]
[Footnote 79: L.W. Spratt, The Foreign Slave Trade, the source of political power, of material progress, of social integrity and of social emancipation to the South (Charleston, 1858), pp. 7, 8.]
[Footnote 80: L.W. Spratt, "Letter to John Perkins of Louisiana," in the
Charleston Mercury, Feb. 13, 1861.]