| Griffin | 45 years of age | $ 640 | |
| Mary | 14 years of age | 1,060 | |
| Ellen | 12 years of age | 800 | |
| Elizabeth | 11 years of age | 406 | (one-eyed) |
| Sanford | 9 years of age | 700 | |
| Arabel | 10 years of age | 690 | |
| Adam | 41 years of age | 700 | |
| Bettie | 3 years of age | 260 | |
| Aaron | 28 years of age | 1,191 | |
| Sam | 25 years of age | 1,350 |
The auction of the slaves of the estate of Spencer C. Graves at Lexington in April, 1859, brought these prices:[280]
| John | 18 years of age | $1,500 |
| Dick | 21 years of age | 1,400 |
| Jerry | 38 years of age | 700 |
| Major | 50 years of age | 480 |
| Charles | 31 years of age | 1,155 |
| John Jr | 18 years of age | 1,140 |
| Billy | 31 years of age | 1,100 |
| Isabella | 40 years, with 3 children, ages 11, 5 and 2 | 1,610 |
| Rebecca | 30 years, with 3 children, ages 11, 6 and 4 | 2,410 |
| Lucy | 18 years of age, with infant | 1,280 |
| Davidella | 31 years of age | 1,220 |
| Mary Ann | 31 years of age | 835 |
| Patience | 18 years of age | 1,350 |
| Catharine | 15 years of age | 1,130 |
Such a series of prices would show beyond a reasonable doubt that the value of slaves was determined entirely by the increasing demand for slaves in the lower South and was in no way an indication of the value of slave labor within Kentucky. As was pointed out earlier in this chapter, the labor value of an agricultural slave in the State steadily decreased after about the year 1830.
Was slavery profitable to the Kentucky planters? In the many debates on the slavery question which took place after 1830 no one ever stood out in the affirmative. The only ones to discuss the economic side of the issue were those in opposition to slavery. As has often been said of the Kentucky situation, "the program was to use negroes to raise corn to feed hogs to feed negroes, who raised more corn to feed more hogs." Tobacco was the largest crop raised in the State and corn came next. Neither proved to be peculiarly adapted to slave labor. There were few large plantations in the State where it could be made advantageous. What Negro work there was to be done was never confined to any particular kind of cultivation but was used in the manner of farm labor today in the State. Squire Turner, of Madison County, in the Constitutional Convention of 1849 made a careful summary of the existing economic problems of slavery. "There are," said he, "about $61,000,000 worth of slave property in the state which produces less than three per cent profit on the capital invested, or about half as much as the moneyed capital would yield. There are about 200,000 slaves in Kentucky. Of these about seventy-five per cent are superannuated, sick, women in unfit condition for labor, and infants unable to work, who yield no profit. Show me a man that has forty or fifty slaves on his estate, and if there are ten out of that number who are available and valuable, it is as much as you can expect. But my calculation allows you to have seventy-five per cent who are barely able to maintain themselves, to pay for their own clothing, fuel, house room and doctor's bills. Is there any gentleman who has a large number of slaves, who will say that they are any more profitable than that?"[281]
No one in the convention answered the last question put by Squire Turner. But regardless of such an economic condition, not a single piece of remedial legislation was passed and the members of the Constitutional Convention added a provision to the Bill of Rights which rooted the slavery system firmer than ever. That most admirable of all southern characters, and at the same time the most difficult to understand, the Kentucky master, took little heed of a question of dollars and cents when it interfered with his moral and humanitarian sentiments. He had inherited, in most cases, the slaves that were his. He knew well enough that the system did not pay but supposing that he should turn his slaves loose, what would become of them? What could they do for a living? The experience of later years proved that his apparently obstinate temperament was mixed with a good deal of wisdom, for once the slaves were set free their status was not to any great extent ameliorated if they went abroad from the plantation where they had lived from childhood.
There was a certain amount of profit in the labor of able-bodied slaves but they only represented a fraction of the Negroes whom the master was called upon to support. The law compelled the owner to maintain his old and helpless slaves and this represented the spirit of the large majority of the slaveholders. Those were rare cases indeed when an owner was hailed into court for failing to provide for an infirm member of his slave household. The true Kentuckian never begrudged the expense that such support incurred. One of the ablest lawyers of the State, Benjamin Hardin, made the statement that "if it were not for supporting my slaves, I would never go near a courthouse."[282]
Rev. Stuart Robinson, speaking before the Kentucky Colonization Society in 1849, gave another viewpoint of the economic value of the slave. "The increase of slaves in Kentucky," said he, "has hardly reached three thousand annually for eighteen years past. The increase since 1840 has been 27,653—the increase for the year just closed 2,921. In twenty-six counties, embracing one fourth of the slave population—some of them the largest slave-holding counties—there has been an actual decrease in the last year of 881 slaves. In twelve other counties the increase has been only twenty-three. There are ten counties in the State, which contain one third of all the slave population of Kentucky; in these ten counties, the increase of slaves for five years past has been 2,728—an increase of less than one per cent per annum. Nor is this slow increase of slavery to be attributed to any stagnation or decline of public prosperity, for in the meantime the state has been growing in population and wealth as heretofore. During these five years the taxable property of the Commonwealth has increased in value more than seventy-six millions. Now this decrease of slaves while the other property of the commonwealth is increasing must arise from one of three causes—and in either case the inference is the same as to the fate of slavery in Kentucky. (1) Is it because the climate is unhealthy to the African? If so then African labor cannot continue. (2) Is it owing to emigration? Then something is wrong in the system of labor, that causes the emigration of our people—for no finer soil—no more desirable residence can be found in the world. (3) Or is it owing to the domestic slave trade? Then for some reason slave labor is less profitable here than elsewhere, and must soon be given up."[283]
These figures quoted by the speaker on the slave population for year by year are available in the auditor's tax books for the years 1840 to 1859:[284]
| 1840 | 164,817 |
| 1841 | 168,853 |
| 1842 | 171,035 |
| 1843 | 176,107 |
| 1844 | 178,837 |
| 1845 | 182,742 |
| 1846 | 185,582 |
| 1847 | 189,549 |
| 1848 | 192,470 |
| 1849 | 195,110 |
| 1850 | 196,847 |
| 1851 | 196,336 |
| 1852 | 200,867 |
| 1853 | 200,015 |
| 1854 | 200,181 |
| 1855 | 202,790 |
| 1856 | 201,160 |
| 1857 | 201,590 |
| 1858 | 207,559 |
| 1859 | 208,625 |