The British Government acquitted itself honorably on this point, in decreeing the abolition of slavery in its West India Colonies, and voted a full indemnification for the property, the right to which was thus effaced from the statute book. We say, a _full_ indemnification, notwithstanding it is commonly rated higher, as quoted in this country. The reason of this high quotation results from the fact, that it is not commonly considered, perhaps not known, that slave property in the British West Indies had depreciated so greatly and so rapidly in a few years, by political aspects having a bearing upon it, as to have passed, in very large amounts, into other hands, at the depreciated price, by the necessities of bankruptcy, and consequently graduated the valuation of all such property in the same circumstances. Whenever, therefore, that property should be transferred to other holders for any purpose whatever, the commercial valuation at the time would of course be assumed as the rule of estimate. That was the rule consulted by the British Parliament, and it was considered, that the 20,000,000 sterling was a fair estimate of the property redeemed. But, whether this be the exact truth or not, the principle of indemnification was recognized, and was supposed to have been honorably respected in this transaction. Clearly, it must be seen, that by the political history of the world, and the action of general society, under the sanction of which all those commercial transactions have been carried on, which have determined and graduated the valuation of slave property from time to time, in all and any States where it exists, the public faith of the world that has sanctioned and tolerated slavery so long, and thereby profited by it, is pledged as the guardian of that property to the indemnification of the holders, whenever the public conscience shall demand it to be annihilated, as to its previous form, and return to that law which generally prevails in human society. There is not a man, woman, or child, in the circle of Christendom, hardly in the world, that has not profited by slavery, in a commercial point of view, which is the only point we are here concerned to notice. Much less is there one such individual in the free States of our country, that has not profited by it. All the property of the Northern States, and all their commercial interests, have been interwoven with it. It is that property which has determined the value of ours, and ours that has determined the value of that, reciprocally. And just in proportion to the foreign commercial relations and transactions of our country, does the same rule apply to the respective communities with which we have maintained such intercourse. The amount of the slave property of the South is not theirs, except in the convenient title of a regulation of general society; but it is the world’s, or all that part of the world’s, where commercial transactions have determined its estimate.