Chapter XIX · (continued 2)
Reading edition
[Footnote 93: Accounts and Papers [of the British Government], 1837-1838, vol. 48, [p. 329].]
Another conceivable plan would have been to replace slavery at large by serfdom. This would have attached the negroes to whatever lands they chanced to occupy at the time of the legislation. By force of necessity it would have checked the depletion of soils; but by preventing territorial transfer it would have robbed the negroes and their masters of all advantages afforded by the virginity of unoccupied lands. Serfdom could hardly be seriously considered by the citizens of a new and sparsely settled country such as the South then was.
Finally the conversion of slaves into freemen by a sweeping emancipation was a project which met little endorsement except among those who ignored the racial and cultural complications. Financially it would work drastic change in private fortunes, though the transfer of ownership from the masters to the laborers themselves need not necessarily have great effect for the time being upon the actual wealth of the community as a whole. Emancipation would most probably, however, break down the plantation system by making the labor supply unstable, and fill the country partly with peasant farmers and partly with an unattached and floating negro population. Exceptional negroes and mulattoes would be sure to thrive upon their new opportunities, but the generality of the blacks could be counted upon to relax into a greater slackness than they had previously been permitted to indulge in. The apprehension of industrial paralysis, however, appears to have been a smaller factor than the fear of social chaos as a deterrent in the minds of the Southern whites from thoughts of abolition.
The slaveholding régime kept money scarce, population sparse and land values accordingly low; it restricted the opportunities of many men of both races, and it kept many of the natural resources of the Southern country neglected. But it kept the main body of labor controlled, provisioned and mobile. Above all it maintained order and a notable degree of harmony in a community where confusion worse confounded would not have been far to seek. Plantation slavery had in strictly business aspects at least as many drawbacks as it had attractions. But in the large it was less a business than a life; it made fewer fortunes than it made men.