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.
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Whitelaw Reid
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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.
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