On the record
You are moreover aware that the great capitalists of the South have their wealth chiefly invested in plantations and slaves, and not as with us in commerce and manufactures.
Said by
Lewis Tappan
Source
gutenberg.orgLewis Tappan: “You are moreover aware that the great capitalists of the South have their wealth chiefly invested in plantations and…”
Editor's note · Context
This statement underscores the investment priorities of Southern capitalists, contrasting them with Northern economic practices.
Share
More from Lewis Tappan
Cotton is the product of slave labor, and its profits at home are confined almost exclusively to the slaveholders.
It is so commonly taken for granted, that every white man at the South is a slaveholder, that many will doubtingly inquire, where are these non-slaveholding citizens to be found?
We ask your attention to the injuries inflicted upon you and your children, by an institution which lives by your sufferance, and will die at your mandate.
They are the nobility of the south, and they find it expedient to forget that there are any commoners.