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 Of course it cannot be maintained that no one, while living at the South, is actually richer from the effects of the cotton demand. There are a great many very wealthy men at the South, and of planters, as well as land dealers, negro dealers, and general merchants, but, except in or near those towns which are, practically, colonies of free labour, having constant direct communication and intimate relationship with free countries, the wealth of these more fortunate people secures to them but a small proportion of the advantages which belong to the same nominal wealth anywhere in the Free States, while their number is so small that they must be held of no account at all in estimating the condition of the people, when it is compared with the number of those who are exceedingly destitute, and at whose expense, quite as much as at the expense of their slaves, the wealth of the richer class has been accumulated.

This cannot be rightly deemed extravagant or unjust language. I should not use it if I did not feel satisfied that it was warranted, not only by my own personal observations, but by the testimony of persons whose regard for the pride of the South, whose sympathy with wealthy planters, and whose disposition not to underrate the good results of slavery, if not more sincere than mine, is more certain not to be doubted. I quote, for instance, a single passage from the observations of Mr. Russell, an English gentleman, who, travelling with a special view of studying the agricultural condition and prospects of the country, was, nevertheless, so much limited in time that he was obliged to trust in a great degree to the observations of planters for his facts.

"In travelling through a fertile district in any of the Southern States, the appearance of things forms a great contrast to that in similar districts in the Free States. During two days' sail on the Alabama river from Mobile to Montgomery, I did not see so many houses standing together in any one