The Slave Trade, Domestic and Foreign: Why It Exists, and How It May Be ExtinguishedCarey, Henry Charles
History
The Slave Trade, Domestic and Foreign: Why It Exists, and How It May Be Extinguished
Carey, Henry Charles
Labor; Slave trade; Slavery; Slavery -- United States; Tariff -- United States; Working class
frequently a resident in one of the towns, _with perhaps as little
knowledge of the management of an estate as is possessed by the
sweeper of the chancery office_; and indeed it would not be
inapplicable to distinguish such receivers by the appellation of
chancery-sweepers. These gentlemen seldom if ever see the estates
which they are to direct, and have no other directions to give than,
in a lumping way, to make as much sugar as possible, and to ship it,
most likely to their own correspondents. _Whatever the estates clear
is so much in their hands, and of course the more money the better
for them_; money takes root in every soil, and propagates itself a
thousand ways; not a dollar of it therefore finds its way into the
chancery chest, for the receiver having given security, the treasure
is, by a common fiction in use, held to be fully as safe in his
hands. While the different creditors of the estate are fighting the
battle of priority, the receiver continues to direct the management
of it, to ship the crop, and to take care of the money. At length a
prior debt is established, and the creditor having gained the point,
remains for a time satisfied; but finding, though his principal
accumulates, that he receives nothing, he becomes clamorous for a
sale. This may take place in five or six years time, when all
pretexts for delay are worn out, and in the mean time the receiver
takes care to have money, adequate to the simple sums received,
turned over by his consignee or merchant to another hand, his
banker's, to be ready to answer bills to be drawn _on his own
account_, for which he must have a premium of from twelve to
seventeen and a half per cent. The estate at last is advertised for
sale by a master in chancery, in consequence of an order from the
chancellor. The sale, however, is spun out, a year or two longer,
till the creditor or his attorney begins to remonstrate with the
master: stipulations for an amicable settlement ensue, that is, for
an admission of the receiver's accounts such as they may be, and for
time allowed him for payment of the mesne profits or balance in his
hands; which agreed to, the sale is positively to take place _when
the next crop is over_. The sale then is actually concluded, the
accumulations of these annual funds go unperceived to the further
propagation of wealth for the receiver; and the purchaser, who is no
other than the prior creditor, is put in possession of _an estate in
ruin, with a gang of negroes dispirited and miserable, who had been
long sensible of their situation, conceiving themselves belonging to
nobody_, and almost despairing of ever falling into the hands of a
kind master, interested in their welfare and happiness. Let us now
turn to the attorney of a mortgagee in possession, and see what
better he offers. The debt of the involved estate is due to a man of
large property, or to a merchant; if to the former, he has a merchant
Public-domain text, read in full here on John Shaqi.
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