Synopses & Reviews
Synopsis
Excerpt from Opinions on Slavery Emancipation
Appendix H, page xlviii.action is checked by artificial restraints, something monstrous is sure to result. In the present instance, the immediate tendency of the Usury Laws has been to create an unnatural and forced extension of sugar cultivation throughout the British Colo nies: for it was soon ascertained, that, from its weight, sugar gave the most profitable freights to shipping; and, from the high duties to which it has always been easy to subject it, a larger mercantile commission on its gross sales, compared with its intrinsic Value, than' any other description of Colo nial produce. From this cause, it has always been comparatively easy to borrow money for the pur pose of settling a sugar estate and if, during the variations which so regularly occur in the value of Colonial articles, it seemed, at any time, desirable to a planter to abandon coffee, cotton, or cocoa, for the cultivation of sugar, pecuniary assistance was readily tendered by the mortgagee; but a reverse' of the process has been always found ditfi cult, if not impracticable and the conditions of a loan, 'granted on a plantation strictly agricultural, producing cattle, provisions, or corn, have probably never defaced a skin of parchment) Hence the solution of the fact, that in all the Colonies We have successively taken from foreigners, the course of cultivation has been invariably diverted from coffee, cotton, and cocoa, to that all-vilified, but.
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