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.
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More from Lewis Tappan
In 1837, Governor Clarke, in his message to the Kentucky Legislature, remarked, "By the computation of those most familiar with the subject, ONE THIRD OF THE ADULT POPULATION OF THE STATE ARE UNABLE TO WRITE THEIR NAMES.
The very advertisements in your newspapers show that, for a vast proportion of the comforts and conveniences of life, you are dependent on Northern manufacturers and mechanics.
Hence with them slavery is the INSTITUTION of the SOUTH, while it is in fact the institution of only a portion of the people of the south.
Education elevates the inferior classes of society, teaches them their rights, and points out the means of enforcing them.