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 *lina, there is no such virtue—none of consequence. In a hundred thousand dollars of it there will not be found a single mill, nor a waggon load of "store goods;" it will hardly introduce to the neighbourhood whither it goes a single improvement, convenience, or comfort. At least ninety thousand dollars of it will consist in slaves, and if their owners go with them it is hard to see in what respect their real home comfort is greater.

We must admit, it is true, that they are generally better satisfied, else this transfer would not be so unremitting as it is. The motive is the same at the North as at the South, the prospect of a better interest from the capital, and if this did not exist it would not be transferred. Let us suppose that, at starting, the ends of the capitalist are obtained equally in both cases, that a sale of produce is made, bringing in cash twenty thousand dollars; suppose that five thousand dollars of this is used in each case for the home comfort of the owners, and that as much immediate comfort is attainable with it in the one case as in the other. What, then, is done with the fifteen thousand dollars? At the South, it goes to pay for a farther transfer of slaves purchased in the East, a trifle also for new tools. At the North, nearly all of it will go to improvement of machinery of some kind, machinery of transfer or trade, if not of manufacture, to the improvement of the productive value of whatever the original capital had been invested in, much of it to the remuneration of talent, which is thus enabled to be employed for the benefit of many people other than these capitalists—for the home comfort of many people. If five thousand dollars purchased no more comfort in the one case than the other, at starting, in a few years it will purchase double as much. For the fifteen thousand dollars which has gone East in the one case to pay for more labour, will, in the other, have procured good roads and cheap transportation of