2 JOHN QUINCY ADAMS IIIS INTEREST IN THE SLAVERY QUESTION AS IT AFFECTED THE SOUTH. DANIEL R. GOODLOE S PAMPHLET. It was Written at Louisburg in the Summer of 1811 ami Submitted to President Adams who had it Pub lished—Some New and Original Ar guments Contained in the Rook- Abolitionists Paid Attention Only to the Moral Side ol the Question. Written for Sunday News and Observer Washington, D. C., June 28. I made the acquaintance of Mr. Adams in March, 1844. I called on him at his house, on F street, near Fourteenth. He owned two adjoining houses, which, a few years ago were enlarged, by putting two additional stories on them. They are now known as the Adams building, and are rented out to the government, and to various business firms. I sent in my card, or more likely, my name, as I knew very little about cards in those days. My purpose was to show him an essay I had written on the subject of slavery. It is entitled, an “Inquiry into the causes which have retarded the ac cumulation of wealth and increase of population in the Southern States:” in which the question of slavery is consid ered in a politico-economical point of view. No allusion is made in the essay to the moral question involved. It was written upon foolscap, on both sides of the sheets, which was the country fashion of writ ing in those days. I may add, that the essay was written at Louisburg, in the summer of 1841. I called the attention of Mr. Adams to the positions taken which I had a right to consider as new, as they had never been stated by any political economist. He then began to read, and read the essay from beginning to end, twice, before saying a word; and having gone through with it in this care ful manner, he gave his opinion in terms which made me very proud. I think I will be excused for stating them. He said, “Mr. Goodloe, this is a most able essay.” He asked me if I proposed to publish it. I told him I wished to have it published, but was not able to have it put in pamphlet form. He then proposed a newspaper, and said that a young man named Greeley was publishing an anti-slavery Whig newspaper in New York, but that he was not acquainted with Mr. Greeley; and that he would send it to his friend Charles King, who was then the editor and publisher of the New York American. The essay was published in the American in the last days of March of that year. Two years later I had a pamphlet edition published here in Washington; which was after wards copied into some anti-slavery newspapers. But it never made any deep impression on the abolition mind. The propositions in the essay which attracted Mr. Adams’ particular atten tion, were the following: After stating the ordinary objections to slavery as an economical system, that it injuriously affects the prosperity of the country by its tendency to degrade labor in the esti mation of the poor and Ub engender pride in the rich, as well as its effects in keeping away foreign imm'gration, I proceeded to say: “It will not be attempted to deny the existence, or the operation of the causes assigned, but my present purpose will be to show that the chief evils of slavery to the body politic result from principles more stubborn and powerful than its moral effects upon the people. “If a farmer in Ohio own one hundred acres of land, with the cattle, the food to subsist them, and utensils of hus bandry necessary in its tillage, he will, as is observed, be able to enter upon its cultivation with an additional ready capital sufficient to supply his laborers with maintenance. Thus, if the food and shelter of a free laborer be worth fifty dollars per annum, and one laborer be necessary to the cultivation of ten acres, then five hundred dollars would be the additional capital necessary in the case above supposed. The laborers’ wages in variably come out ot the sale of the crop, and c nsequently there existed no neces sity for the employer to have it by him. “The illustration may be varied by estimating the amount of capital neces sary to the making of a given product one hundred bale l of cotton, for instance. If, as is asserted, one man can produce ten bales of cotton, (of course, the pro duct per hand is immaterial to ttye illus tration), then the capital necessary to the production of one hundred bales, apart from the land, etc , as above, will be five hundred dollars. “I will inquire now the amount of capital necessary to employ slave labor in the cultivation of one hundred acres of land, or the production of one hund red bales of cotton. If men slaves be worth seven hundred dollars, and the food and clothing of a slave fifty dollars per annum, the cultivation of one hund red acres of land by the labor of ten slaves in Alabama, requires a capital of seven thousand five hundred dollars apart from capital invested in land, etc. I have based the illustration for conveni ence upon the supposition that the labor of men only is employed, but it is per fectly obvious that the principle is true, generally of all free and all slave labor.” I gave other illustrations, drawn from manufacturing pursuits, as well as agri culture; and in all of them, it follows, that the employer of slave labor must have a capital equal to the value of his slaves, over and above what is neces sary. In 1864, I sent this pamphlet to the eminent political economist, John Stuart Mill. I was induced to do so from hav ing seen in his great on that sub ject, a remark which caused me to think that he might have seen the truth in re gard to slavery. I had examined a whole alcove in the Congress Library filled with treatises on political economy, and found that none of them saw it. Turn ing to Mill’s chapter on Slavery, I find that he, too, was in the old rut. His re mark, which induced me to think that he should have seen the truth, was made in reference to natioual debts, and to mortgages. He had stated that in es timating the wealth of a nation, neither the national debt, nor private mortgages would be taken into the account; as the effect would be to count the value of the property twice over. A national debt, as he truly said, is a mortgage upon the property of the whole people; and a pri vate mortgage only shows the interest which the mortgagee has in the estate of the mortgagor. In like manner, the value of slaves to their owners should not have been counted as a part of the national wealth, since it was only a mortgage which one man held upon the labor of another and the abolition of slavery only cancelled the mortgage, without destroying the value involved — the capacity of the slaves to labor. It was a transfer of titles; and what one man lost the other gained, while the State lost nothing; but, on the contrary, was great gainer, by destroying a system which was continually diverting capital from its legitimate uses. And hence it was that, in 1860, when the South had three billions of capital invested in slaves, its commerce was all in the hands of the Yankees ; and it had next to no manu factures. Its towns were few and small and far between, and languishing. They are now all flourishing. Here in North Carolina, the towns have grown more three times more—in thirty years than they had done in the previous two cen turies—and it is because people who make money cannot buy negroes. More over, the cotton and tobacco crops have been doubled. I wrote to Mr. Mill in August, 1864. He was then in the south of France ; and failed to receive my letter and the pam phlet for some months, but in Docember he wrote me from “Saint Veran, Avig non, Yaucluse, France.” He said : “You are so clearly right as to the polit ical economy of the question, that one is only surprised at its being necessary to take so much pains to make the matter obvious to others. But the absurdest opinions are often the most tenacious of life. What can be more ridiculous than to suppose that a laboring man is an item in the wealth of the country that possesses him, when he is owned by a fellow-man, but not an item in it when he owns himself! “But great merit may be shown in ex plaining truths which ought not to need explanation, and that merit your pam phlet possesses in a high degree. “I am indebted to you for an excellent illustration of the point you notice in my Principles of Political Economy, which I shall not fail to make use of in a new edition which I am now preparing.” Mr. Mill lost his wife, to whom he was greatly devoted, shortly after this letter was written, which sad event broke into his philosophical pursuits for some time; and he afterwards went into Parliament; so that so far as I am informed, his new edi tion was never published. But only one who has access to his “Principles of Po itical Economy”, may turn to his Chap ter on Slavery, which is brief, and see for himself that Mr. Mill had failed to see the “obvious” truth, “which ought not to need explanation.” In 1865, I wrote an elaborate article which was published in the National Agricultural Report of that year, which is entitled the “Resources and Indus trial Condition of the Southern States.” In it I have brought out the foregoing principles more fully than in the pam phlet. In this article I say: “The absorption of capital in this un productive form of slavery was the great pecuniary curse of the South. It was not that the South had uselessly in vested in the beginning half its wealth, for time would have overcome that loss; but the great evil consisted in the perpet ually recurring and increasing misappli cation of capital. Slavery had become the great interest of the South. It swallowed everything. Os every accumulation of capital, the majority was sure to assume that form. There was no recovery, no regeneration, but in the destruction of the system. * * Henceforth there will be no more of the unproductive investment of capital in human be ings, and every dollar from w'hich a rev enue is to be drawn will contribute something to the national wealth. The slaveholders have never been under stood by the people of the North, in one respect. They have been made to bear the economical reproach which properly belonged to slavery itself. They have been regarded as idle, prodi gal, and thriftless; whereas, they are, as a class, energetic, sagacious and thrifty. They made money and grew rich, while their system of slavery was inflicting the deepest in jury upon the country. Now that slav very is overthrown, they will exert their energies in methods promotive of the general, as well as of their own particu lar welfare.” In October, 1865, I wrote an article for the New York Times,(which appeared as an editorial. It is entitled “The Indus trial'prospeets of the South.” In the arti cle I’make the following prediction of what must follow as consequences of the abolition of slavery: “The abolition of slavery has removed the great hindrance to trade, commerce, and manufactures That institution ab solved the accumulated industry of the South without adding anything to its productive resources. It was not capital hoarded, but capital sunk. It was three thousand millions of money invested iu a useless monopoly of labor, when the labor would have been more productive if left free, and uncounted as capital. * * This unproductive absorbent of capital being removed, there can be in future, no such useless investment. The annual accumulations must take some other form A large part will doubtless be spent upon luxuries as heretofore; but no investment can in future be made in slaves. And all capital which would have taken that unproductive form must now take one which will be at once ad vantageous to the individual and to so ciety. This is a great point gained, and we think we are not mistaken in assum ing that the consequences will soon de velop themselves.” I think that no one can fail to see that the wonderful development of the South in recent years is due to the abolition of slavery, as predicted in the foregoing pages. As I have stated, the Abolitionists, as a class, never paid much attention to the radical, indisputable truths set forth in my pamphlet; but gave all their energies to the moral question; to the wickedness of slavery, and the South; and at the same time losing sight of the fact that The News and Observer, Sunday, June 30, ’95. nineteen of every twenty of the original importations cf negroes from Africa were brought here by Norlhern and English slave dealers. They don’t like to hear this truth now. The English peo ple, too, became wonderfully virtuous, after their slavery was abolished, in 1838; and were greatly shocked at the wickedness of the Ameri cans—until they thought they saw an opportunity of breaking up the Uni a by the secession movement: when they wheeled about, aud took the side of the South. I set out with writing a sketch of John Quincy Adams, but egotism has caused me to leave Hamlet out of the play of Hamlet. But I will make amends next week. Daniel R. Goodloe. 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We have used from first to last some $lO worth of the medicine and have received the equivalent ot several hundred dollars’ worth of doctor’s treatment and good Hood’s genres health to boot. We cannot speak too highly of Hood’s Sarsaparilla as a blood purifier. It is all that is claimed for it.” C. E. Myers, Windom, Kansas. r,!t!o act harmoniously with liOOCI S r*IlS iiocsi‘3 Sarsaparilla. 250. PARK HOTEL, Raleigh, N. C. 0 The undersigned have recently pur chased the above property, believing that such a hotel in the capital city of the State is enough needed to lie worth being well kept and vigorously pushed. Mr. Crawford, former steward of the hotel, is in charge for us. We desire to assure the public through this notice that we are behind him, and that noth ing will be spared on our part, or bis, to give you the best service possible at reasonable prices. Such changes will from time to time be made as are found necessary for the convenience and comfort of its guests. Soliciting the public patronage upon no other ground than merit, we are PAGE LUMBER COMPANY ABERDEEN. N. 0. NO REASON Why anyone should use a Thermometer That is not accurate. The only reason we can think of, is that a stock of Tested Thermometers has never been kept in the city. We have bought a good stock of accu rate ones and sell at reason able prices. Thos.H. Briggs & Sons Raleigh, N. C. TlieGieason Sanitarium,! 1852 Elmira, N. Y. t 895 • !! but the scenery—valleys—mountains— j, spring brooks—the green—the sunlight— /X the shade —pure air—the food—the water— ,x IS can it help rest and refresh the tired—body X f x —eyes —brain. Best medical skill—all kinds Jx x, of baths—mas- Swedish l in e:- WE SELL North Carolina Patent Floor, Farina Mills, Raleigh, as Fine as the Finest. RECEIVED TO-DA Y, One thousand pounds of choice Virginia Hams. WE are just receiving new packing North Carolina Roe and Cut Herrings put up expressly to our order. Everything in Stable and Fancy Groce ries, carefully'put up promptly delivered. Telephone 88. J. R. Ferrall & Co., GROCERS. Notice. Valuable Land for Sale As executors of P. C. Cameron, the un" tlersigned will, on Friday, July 26th, 1895- ai the court house door in the city of Ral eigh, sell to the highest bidder for cash at public auction, the following valuable real estate situate in the city of Raleigh, to wit: One lot lying on the south side of Martin street be a inning at the northwest corner of the Len H. Adams lot on Martin street, thence along the south line of said street weetwardly thirty one (31) feet to the centre of the wall oi the s ore on J. R. Williams’ lot, thence southwardly parallel to Wilmington street one hundred and twenty feet, thence eastward parallel to Martin strtet thirty-one (31) feet to the corner of the Len H. Adams lot, thence northwardly along the line of said Adams lot to the beginning. One lot bounded on the north by Market street, on the east by lot of W. H. Holloman, on the south by Martin street and on the west by Citizen’s National Rank building and the lots of M H. Brown and W. H. Holloman one other lot at the intersection of Jones and Mc- Dowell streets fronting southward s. venty (70) feet on Jones street and bounded on the west by McDowell street, on the north by lot of J. Matthews, on the ea-t by lot of Mrs. Jordan and on south by Jones street, containing sixth of an acre more or less The buildings and improvements on said lots will be sold with the lots. The first two lots will be sold under a mortgage deed executed by George T. Stronach and wife, Martha E. Stronach, to P. C. Tame ron and registered in book 79, page 716 of public Register’s office for Wake county, and the last lot under a mortgage deed to P. C. C meron executed by E. J. Hardin and wife, Sophy 1.. Hardin, and registered in book 96 page 306. This June2ath, 1895. ANNE CAMERON, JOHN W. GRAHAM, B. CAMERON, R. B. PEEBLES, Executors of P. C. Cameron. VALUABLE Policy of Insurance FOR SALE. By virtue of a judgment of the Superior court of W’ake county, rendered on the 27th dav • f March-1895, iu the case of Al fred Williams against .John K. Terrell, being Judgment Roll No 6111, of said corn t, and docketed in Judgment Docket No 8, page 44, and as assignee of John R. Terrell, 1 will offer for s*le to the highest bidder for cash, at public auction, at the county court house roor, in the city of Ral eigh, N. C., on the 80 h dav of July, 1895 policy No 170,607 of “The Connecticut Mu tual Life Insurance Company” for one thousand dollarson lifeof John R. Terrell, This policy is a fifteen (15) year endowment Insurance Policy; is dated March 10, 1894 and all premiums on the same up to date have been paid. A. W. HAYWOOD, Commissioner. A. W. HAYWOOD. Assignee of John B. Terrell. THE BIGGEST THING THAT EVER HAPPENED IN RALEIGH. Is the Special Sale of every Spring Suit on our counters that are marked and sold up to the closing hour Saturday night at $22.50, $22, S2O and $lB for Fifteen Dollars. All you have to do is just to walk in and help yourselves. They are not a parcel of odds and ends—broken lots -bad sellers but rather the most popular garments of the season, the best, the very best that tailoring skill can create. Better than you could have made to order in nine-tenths of the tailor shops. We have turned the stock over bodily. The three and four button cutaways and sacks in regular and extra large sizes, long and slims, shorts and stouts, all these exclusive styles that you have raved so over, are waiting to be snapped up by the army of shrewd buyers th«.t will lay siege to them to-morrow morning. Let them go ? We’ve screwed our courage up to the losing point, and you are welcome to them. TTDod© f)®o® ©od® M@@[ko o S. & D. BERWANGER. 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I have found great satisfaction in its use. : Indeed, so highly do 1 appreciate its efficient helpfulness in the disturliances of the renal functions, that I regularly prescribe its systematic use, to the exclusion of ordinary drinking water, as a preventive ot renal complications during the last three or four months of pregnancy, in the cases of all my patients who can afford it. Very truly yours, ‘ A. W. KNOX, M. D. I For sale by druggists generally. Price per case of one dozen half gallon bot ! ties $5.00; 50c. per bottle. “LINCOLN LITHIA INN'’ °»«" mm it> For pamphlet containing full information apply to THE LINCOLN LITHIA WATER CO., Linoolnton, N. c. ':V;■ vX'i'D DIAMONDS. Symbols of honesty, tokens of purity, always the same in faithful and honest value." SOLITAIRES From 1-4 Kt. to 2 1-2 Kts., set to the best advantage in Tiffany or any other modern pattern. Largest stock to be found in the city. Orders from a distance, when accompanied with satisfactory city references, will have our promptand careful attention. EDWARD FASNACH, Diamond Dealer and Jeweler, RALEIGH. N. C. THE SALISBURY LIQUOR COMPANY Successors to the J. B. LANIER COMPANY. DISTILLERSi JOBBERS OF Pure North Carolina WHISKEY AND BRANDY. FINE OLD CORN WHISKEY A SPECIALTY. W. L. RANKIN, Manager. SALISBURY, N. C. H. MAHLER, Silversmith and Manufacturing Jeweler, Sterling Silver Goods. Guaranteed ,00l O Manicure Sets, Pen Wipers, Silver Novelties, Tie Holders, Cbmbs, * Emery Balls, Paper Cutters, Belts, Match Boxes, Ladies’ Shirt Waist Sets, Coat Hangers, Lock Bracelets, Garters, Sleeve Links, Button Hooks, Books Mat ks, Scissors, Belt Pins, Hat Pins. o I also have the largest and best selected stcck of table and case goods to be found in the city. No extra charge for engraving. GUILFORD COLLEGE. 0 THE ADVANTAGES OF THIS PROSPEROUS COLLEGE. OPEN TO YOUNG MEN AND YOUNG WOMEN Four large, commodious buildings. 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