The investment of the South in slaves represented a capital of two thousand millions of dollars, reckoned only upon the salable value of the chattel.
James Blaine: “The investment of the South in slaves represented a capital of two thousand millions of dollars, reckoned only upon the…”
Editor's note · Context
Blaine quantifies the financial investment of the South in slaves, emphasizing their economic significance.
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But this is a totally different thing from an offensive war to punish the people for the political misdeeds of their State Government, or to enforce an acknowledgment that the Government of the United States is supreme.
The right of the General Government to preserve itself in its whole constitutional vigor by repelling a direct and positive aggression upon its property or its officers cannot be denied.
The States are colleagues of one another, and if some of them shall conquer the rest, and hold them as subjugated provinces, it would totally destroy the whole theory upon which they are now connected.
You can use force only to repel an assault on the public property and aid the Courts in the performance of their duty.





