On the record
Counting only ten per cent. interest on the investment, we find it nearly as cheap to hire the negroes, as it was in the old days to own them and get their labor for nothing.
Said by
Whitelaw Reid
Source
gutenberg.orgWhitelaw Reid: “Counting only ten per cent. interest on the investment, we find it nearly as cheap to hire the negroes, as it was in the…”
Editor's note · Context
Reid analyzes the cost-effectiveness of hiring labor compared to owning slaves in the post-war economy.
Share
More from Whitelaw Reid
It will make an end forever of Spain in this hemisphere.
Suppose it to be merely a war in defense of our own just rights and interests.
And next, shall we not probably fare best in the end if we try to profit somewhat by the experience others have had in like cases?
Here was the opportunity for a statesman to grasp.