Cannibals all! or, Slaves without masters

Most of the active intellect of Christendom has for the last twenty years been engaged in analyzing, detecting and exposing the existing relations of labor, skill and capital, and in vain efforts to rectify those relations. The philosophers of Europe, who have been thus engaged, have excelled all the moral philosophers that preceded them, in the former part of their pursuit, but suggested nothing but puerile absurdities, in the latter. Their destructive philosophy is profound, demonstrative, and unanswerable – their constructive theories, wild, visionary and chimerical on paper, and failures in practice. Each one of them proves clearly enough, that the present edifice of European society is out of all rule and proportion, and must soon tumble to pieces – but no two agree as to how it is to be re-built. "We must (say they all) have a new world, if we are to have any world at all!" and each has a little model Utopia or Phalanstery, for this new and better world, which, having already failed on a small experimental scale, the inventor assures us, is, therefore, the very thing to succeed on a large one. We allude to the socialists and communists, who have more or less tinged all modern literature with their doctrines. In analyzing society; in detecting, exposing, and generalizing its operations and its various phenomena, they are but grammarians or anatomists, confining philosophy to its proper sphere, and employing it for useful purposes. When they attempt to go further – and having found the present social system to be fatally diseased, propose to originate and build up another in its stead – they are as presumptuous as the anatomist, who should attempt to create a man. Social bodies, like human bodies, are the works of God, which man may dissect, and sometimes heal, but which he cannot create. Society was not always thus diseased, or socialism would have been as common in the past as it is now. We think these presumptuous philosophers had best compare it in its healthy state with what it is now, and supply deficiencies or lop off excrescencies, as the comparison may suggest. But our present business is to call attention to some valuable discoveries in the terra firma of social science, which these socialists have made in their vain voyages in search of an ever receding and illusory Utopia. Like the alchymists, although they have signally failed in the objects of their pursuits, they have incidentally hit upon truths, unregarded and unprized by themselves, which will be valuable in the hands of more practical and less sanguine men. It is remarkable, that the political economists, who generally assume labor to be the most just and correct measure of value, should not have discovered that the profits of capital represent no labor at all. To be consistent, the political economists should denounce as unjust all interests, rents, dividends and other profits of capital. We mean by rents, that portion of the rent which is strictly income. The amount annually required for repairs and ultimately to rebuild the house, is not profit. Four per cent. will do this. A rent of ten per cent. is in such case a profit of six per cent. The four per cent. is but a return to the builder of his labor and capital spent in building. "The use of a thing, is only a fair subject of change, in so far as the article used is consumed in the use; for such consumption is the consumption of the labor or capital of the owner, and is but the exchange of equivalent amounts of labor."

These socialists, having discovered that skill and capital, by means of free competition, exercise an undue mastery over labor, propose to do away with skill, capital, and free competition, altogether. They would heal the diseases of society by destroying its most vital functions. Having laid down the broad proposition, that equal amounts of labor, or their results, should be exchanged for each other, they get at the conclusion that as the profits of capital are not the results of labor, the capitalist shall be denied all interest or rents, or other profits on his capital, and be compelled in all cases to exchange a part of the capital itself, for labor, or its results. This would prevent accumulation, or at least limit it to the procurement of the coarsest necessaries of life. They say, "the lawyer and the artist do not work so hard and continuously as the ploughman, and should receive less wages than he – a bushel of wheat represents as much labor as a speech or portrait, and should be exchanged for the one or the other." Such a system of trade and exchange would equalize conditions, but would banish civilization. Yet do these men show, that, by means of the taxation and oppression, which capital and skill exercise over labor, the rich, the professional, the trading and skillful part of society, have become the masters of the laboring masses: whose condition, already intolerable, is daily becoming worse. They point out distinctly the character of the disease under which the patient is laboring, but see no way of curing the disease except by killing the patient.

In the preceding chapter, we illustrated their theory of capital by a single example. We might give hundreds of illustrations, and yet the subject is so difficult that few readers will take the trouble to understand it. Let us take two well known historical instances: England became possessed of two fine islands, Ireland and Jamaica. Englishmen took away, or defrauded, from the Irish, their lands; but professed to leave the people free. The people, however, must have the use of land, or starve. The English charged them, in rent, so much, that their allowance, after deducting that rent, was not half that of Jamaica slaves. They were compelled to labor for their landlords, by the fear of hunger and death – forces stronger than the overseer's lash. They worked more, and did not get half so much pay or allowance as the Jamaica negroes. All the reports to the French and British Parliaments show that the physical wants of the West India slaves were well supplied. The Irish became the subjects of capital – slaves, with no masters obliged by law, self-interest or domestic affections, to provide for them. The freest people in the world, in the loose and common sense of words, their condition, moral, physical and religious, was far worse than that of civilized slaves ever has been or ever can be – for at length, after centuries of slow starvation, three hundred thousand perished in a single season, for want of food. Englishmen took the lands of Jamaica also, but introduced negro slaves, whom they were compelled to support at all seasons, and at any cost. The negroes were comfortable, until philanthropy taxed the poor of England and Ireland a hundred millions to free them. Now, they enjoy Irish liberty, whilst the English hold all the good lands. They are destitute and savage, and in all respects worse off than when in slavery.

Public opinion unites with self-interest, domestic affection and municipal law to protect the slave. The man who maltreats the weak and dependant, who abuses his authority over wife, children or slaves, is universally detested. That same public opinion, which shields and protects the slave, encourages the oppression of free laborers – for it is considered more honorable and praiseworthy to obtain large fees than small ones, to make good bargains than bad ones, (and all fees and profits come ultimately from common laborers) – to live without work, by the exactions of accumulated capital, than to labor at the plough or the spade, for one's living. It is the interest of the capitalist and the skillful to allow free laborers the least possible portion of the fruits of their own labor; for all capital is created by labor, and the smaller the allowance of the free laborer, the greater the gains of his employer. To treat free laborers badly and unfairly, is universally inculcated as a moral duty, and the selfishness of man's nature prompts him to the most rigorous performance of this cannibalish duty. We appeal to political economy; the ethical, social, political and economic philosophy of free society, to prove the truth of our doctrines. As an ethical and social guide, that philosophy teaches, that social, individual and national competition, is a moral duty, and we have attempted to prove that all competition is but the effort to enslave others, without being encumbered with their support. As a political guide, it would simply have government 'keep the peace;' or, to define its doctrine more exactly, it teaches "that it is the whole duty of government to hold the weak whilst the strong rob them" – for it punishes crimes accompanied with force, which none but the weak-minded commit; but encourages the war of the wits, in which the strong and astute are sure to succeed, in stripping the weak and ignorant.

It is time, high time, that political economy was banished from our schools. But what would this avail in free society, where men's antagonistic relations suggest to each one, without a teacher, that "he can only be just to himself, by doing wrong to others." Aristotle, and most other ancient philosophers and statesmen, held the doctrine, "that as money would not breed, interest should not be allowed." Moses, no doubt, saw as the modern socialists do, that all other capital stood on the same grounds with money. None of it is self-creative, or will "breed." The language employed about "usury" and "increase" in 25th Leviticus, and 23d Deuteronomy, is quite broad enough to embrace and prohibit all profits of capital. Such interest or "increase," or profits, might be charged to the Heathen, but not to the Jews. The whole arrangements of Moses were obviously intended to prevent competition in the dealings of the Jews with one another, and to beget permanent equality of condition and fraternal feelings.

The socialists have done one great good. They enable us to understand and appreciate the institutions of Moses, and to see, that none but Divinity could have originated them.[1 - Not only does Moses evince his knowledge of the despotism of capital, in forbidding its profits, but also in his injunction, not to let emancipated slaves "go away empty." Deuteronomy xv. 13, 14."And when thou sendest him out free from thee, thou shalt not let him go away empty. Thou shalt furnish him liberally out of thy flock, and out of thy floor, and out of thy wine-press: of that wherewith the Lord thy God hath blessed thee thou shalt give unto him."People without property exposed to the unrestricted exactions of capital are infinitely worse off after emancipation than before. Moses prevented the exactions of capital by providing property for the new free man.] The situation of Judea was, in many respects, anomalous, and we are not to suppose that its political and social relations were intended to be universal. Yet, here it is distinctly asserted, that under certain circumstances, all profits on capital are wrong.

The reformers of the present day are all teetotalists, and attempt to banish evil altogether, not to lessen or restrict it. It would be wiser to assume that there is nothing, in its essence, evil, in the moral or physical world, but only rendered so by the wrongful applications which men make of them. Science is every day discovering that the most fatal poisons, when properly employed, become the most efficacious medicines. So, what appear to be the evil passions and propensities of men, and of societies, under proper regulation, may be made to minister to the wisest and best of purposes. Civilized society has never been found without that competition begotten by man's desire to throw most of the burdens of life on others, and to enjoy the fruits of their labors without exchanging equivalent labor of his own. In all such societies, (outside the Bible,) such selfish and grasping appropriation is inculcated as a moral duty; and he who succeeds best, either by the exercise of professional skill, or by accumulation of capital, in appropriating the labor of others, without laboring in return, is considered most meritorious. It would be unfair, in treating of the relations of capital and labor, not to consider its poor-house system, the ultimate resort of the poor.

The taxes or poor rates which support this system of relief, like all other taxes and values, are derived from the labor of the poor. The able-bodied, industrious poor are compelled by the rich and skillful to support the weak, and too often, the idle poor. In addition to defraying the necessary expenses and the wanton luxuries of the rich, to supporting government, and supporting themselves, capital compels them to support its poor houses. In collection of the poor rates, in their distribution, and in the administration of the poor-house system, probably half the tax raised for the poor is exhausted. Of the remainder, possibly another half is expended on unworthy objects. Masters, in like manner, support the sick, infant and aged slaves from the labor of the strong and healthy. But nothing is wasted in collection and administration, and nothing given to unworthy objects. The master having the control of the objects of his bounty, takes care that they shall not become burdensome by their own crimes and idleness. It is contrary to all human customs and legal analogies, that those who are dependent, or are likely to become so, should not be controlled. The duty of protecting the weak involves the necessity of enslaving them – hence, in all countries, women and children, wards and apprentices, have been essentially slaves, controlled, not by law, but by the will of a superior. This is a fatal defect in the poor-house system. Many men become paupers from their own improvidence or misconduct, and masters alone can prevent such misconduct and improvidence. Masters treat their sick, infant and helpless slaves well, not only from feeling and affection, but from motives of self-interest. Good treatment renders them more valuable. All poor houses, are administered on the penitentiary system, in order to deter the poor from resorting to them. Besides, masters are always in place to render needful aid to the unfortunate and helpless slaves. Thousands of the poor starve out of reach of the poor house, or other public charity.

A common charge preferred against slavery is, that it induces idleness with the masters. The trouble, care and labor, of providing for wife, children and slaves, and of properly governing and administering the whole affairs of the farm, is usually borne on small estates by the master. On larger ones, he is aided by an overseer or manager. If they do their duty, their time is fully occupied. If they do not, the estate goes to ruin. The mistress, on Southern farms, is usually more busily, usefully and benevolently occupied than any one on the farm. She unites in her person, the offices of wife, mother, mistress, housekeeper, and sister of charity. And she fulfills all these offices admirably well. The rich men, in free society, may, if they please, lounge about town, visit clubs, attend the theatre, and have no other trouble than that of collecting rents, interest and dividends of stock. In a well constituted slave society, there should be no idlers. But we cannot divine how the capitalists in free society are to be put to work. The master labors for the slave, they exchange industrial value. But the capitalist, living on his income, gives nothing to his subjects. He lives by mere exploitation.

It is objected that slavery permits or induces immorality and ignorance. This is a mistake. The intercourse of the house-servants with the white family, assimilates, in some degree, their state of information, and their moral conduct, to that of the whites. The house-servants, by their intercourse with the field hands, impart their knowledge to them. The master enforces decent morality in all. Negroes are never ignorant of the truths of Christianity, all speak intelligible English, and are posted up in the ordinary occurrences of the times. The reports to the British Parliament shew, that the agricultural and mining poor of England scarce know the existence of God, do not speak intelligible English, and are generally depraved and ignorant. They learn nothing by intercourse with their superiors, as negroes do. They abuse wives and children, because they have no masters to control them, and the men are often dissipated and idle, leaving all the labor to be done by the women and children – for the want of this same control.

Slavery, by separating the mass of the ignorant from each other, and bringing them in contact and daily intercourse with the well-informed, becomes an admirable educational system – no doubt a necessary one. By subjecting them to the constant control and supervision of their superiors, interested in enforcing morality, it becomes the best and most efficient police system; so efficient, that the ancient Romans had scarcely any criminal code whatever.

The great objections to the colonial slavery of the latter Romans, to serfdom, and all forms of prædial slavery, are: that the slaves are subjected to the cares as well as the labors of life; that the masters become idlers; that want of intercourse destroys the affectionate relations between master and slave, throws the mass of ignorant slaves into no other association but that with the ignorant; and deprives them, as well of the instruction, as the government, of superiors living on the same farm. Southern slavery is becoming the best form of slavery of which we have any history, except that of the Jews. The Jews owned but few slaves, and with them the relation of master and slave was truly affectionate, protective and patriarchal. The master, wife and children were in constant intercourse with the slaves, and formed, in practice as well as theory, affectionate, well-ordered families.

As modern civilization advances, slavery becomes daily more necessary, because its tendency is to accumulate all capital in a few hands, cuts off the masses from the soil, lessens their wages and their chances of employment, and increases the necessity for a means of certain subsistence, which slavery alone can furnish, when a few own all the lands and other capital.

Christian morality can find little practical foothold in a community so constituted, that to "love our neighbor as ourself," or "to do unto others as we would they should do unto us," would be acts of suicidal self-sacrifice. Christian morality, however, was not preached to free competitive society, but to slave society, where it is neither very difficult nor unnatural to practice it. In the various family relations of husband, wife, parent, child, master and slave, the observance of these Christian precepts is often practiced, and almost always promotes the temporal well being of those who observe it. The interests of the various members of the family circle, correctly understood, concur and harmonize, and each member best promotes his own selfish interest by ministering to the wants and interests of the rest. Two great stumbling blocks are removed from the acceptance of Scripture, when it is proved that slavery, which it recognizes, approves and enjoins, is promotive of men's happiness and well-being, and that the morality, which it inculcates, although wholly impracticable in free society, is readily practised in that form of society to which it was addressed.

We do not conceive that there can be any other moral law in free society, than that which teaches "that he is most meritorious who most wrongs his fellow beings: " for any other law would make men martyrs to their own virtues. We see thousands of good men vainly struggling against the evil necessities of their situation, and aggravating by their charities the evils which they would cure, for charity in free society is but the tax which skill and capital levy from the working poor, too often, to bestow on the less deserving and idle poor. We know a man at the North who owns millions of dollars, and would throw every cent into the ocean to benefit mankind. But it is capital, and, place it where he will, it becomes an engine to tax and oppress the laboring poor.

It is impossible to place labor and capital in harmonious or friendly relations, except by the means of slavery, which identifies their interests. Would that gentleman lay his capital out in land and negroes, he might be sure, in whatever hands it came, that it would be employed to protect laborers, not to oppress them; for when slaves are worth near a thousand dollars a head, they will be carefully and well provided for. In any other investment he may make of it, it will be used as an engine to squeeze the largest amount of labor from the poor, for the least amount of allowance. We say allowance, not wages; for neither slaves nor free laborers get wages, in the popular sense of the term: that is, the employer or capitalist pays them from nothing of his own, but allows them a part, generally a very small part, of the proceeds of their own labor. Free laborers pay one another, for labor creates all values, and capital, after taking the lion's share by its taxing power, but pays the so-called wages of one laborer from the proceeds of the labor of another. Capital does not breed, yet remains undiminished. Its profits are but its taxing power. Men seek to become independent, in order to cease to pay labor; in order to become masters, without the cares, duties and responsibilities of masters. Capital exercises a more perfect compulsion over free laborers, than human masters over slaves: for free laborers must at all times work or starve, and slaves are supported whether they work or not. Free laborers have less liberty than slaves, are worse paid and provided for, and have no valuable rights. Slaves, with more of actual practical liberty, with ampler allowance, and constant protection, are secure in the enjoyment of all the rights, which provide for their physical comfort at all times and under all circumstances. The free laborer must be employed or starve, yet no one is obliged to employ him. The slave is taken care of, whether employed or not. Though each free laborer has no particular master, his wants and other men's capital, make him a slave without a master, or with too many masters, which is as bad as none. It were often better that he had an ascertained master, instead of an irresponsible and unascertained one.

There are some startling social phenomena connected with this subject of labor and capital, which will probably be new to most of our readers. Legislators and philosophers often puzzle their own and other people's brains, in vain discussions as to how the taxes shall be laid, so as to fall on the rich rather than the poor. It results from our theory, that as labor creates all values, laborers pay all taxes, and the rich, in the words of Gerrit Smith, "are but the conduits that pass them over to government."

Again, since labor alone creates and pays the profits of capital; increase and accumulation of capital but increase the labor of the poor, and lessen their remuneration. Thus the poor are continually forging new chains for themselves. Proudhon cites a familiar instance to prove and illustrate this theory: A tenant improves a farm or house, and enhances their rents; his labor thus becomes the means of increasing the tax, which he or some one else must pay to the capitalist. What is true in this instance, is true of the aggregate capital of the world: its increase is but an increased tax on labor. A., by trade or speculation, gets hold of an additional million of dollars, to the capital already in existence. Now his million of dollars will yield no profit, unless a number of pauper laborers, sufficient to pay its profits, are at the same time brought into existence. After supporting their families, it will require a thousand of laborers to pay the interest or profits of a million of dollars. It may, therefore, be generally assumed as true, that where a country has gained a millionaire, it has by the same process gained a thousand pauper laborers: Provided it has been made by profits on foreign trade, or by new values created at home – that is, if it be an addition of a million to the capital of the nation.

A nation borrows a hundred millions, at six per cent., for a hundred years. During that time it pays, in way of tax, called interest, six times the capital loaned, and then returns the capital itself. During all this time, to the amount of the interest, the people of this nation have been slaves to the lender. He has commanded, not paid, for their labor; for his capital is returned intact. In the abstract, and according to equity, "the use of an article is only a proper subject of charge, when the article is consumed in the use; for this consumption is the consumption of the labor of the lender or hirer, and is the exchange of equal amounts of labor for each other.

A., as a merchant, a lawyer, or doctor, makes twenty dollars a day; that is, exchanges each day of his own labor for twenty days of the labor of common working men, assuming that they work at a dollar a day. In twenty years, he amasses fifty thousand dollars, invests it, and settles it on his family. Without any labor, he and his heirs, retaining all this capital, continue, by its means, to levy a tax of three thousand dollars from common laborers. He and his heirs now pay nothing for labor, but command it. They have nothing to pay except their capital, and that they retain. (This is the exploitation or despotism of capital, which has taken the place of domestic slavery, and is, in fact, a much worse kind of slavery. Hence arises socialism, which proposes to reconstruct society.) Now, this capitalist is considered highly meritorious for so doing, and the poor, self-sacrificing laborers, who really created his capital, and who pay its profits, are thought contemptible, if not criminal. In the general, those men are considered the most meritorious who live in greatest splendor, with the least, or with no labor, and they most contemptible, who labor most for others, and least for themselves. In the abstract, however, that dealing appears most correct, where men exchange equal amounts of labor, bear equal burdens for others, with those that they impose on them. Such is the golden rule of Scripture, but not the approved practice of mankind.

"The worth of a thing is just what it will bring," is the common trading principle of mankind. Yet men revolt at the extreme applications of their own principle, and denunciate any gross and palpable advantage taken of the wants, position and necessities of others as swindling. But we should recollect, that in all instances where unequal amounts of labor are exchanged at par, advantage is really taken by him who gets in exchange the larger amount of labor, of the wants, position and necessities of him who receives the smaller amount.

We have said that laborers pay all taxes, but labor being capital in slave society, the laborers or slaves are not injured by increased taxes; and the capitalist or master has to retrench his own expenses to meet the additional tax. Capital is not taxed in free society, but is taxed in slave society, because, in such society, labor is capital.

The capitalists and the professional can, and do, by increased profits and fees, throw the whole burden of taxation on the laboring class. Slaveholders cannot do so; for diminished allowance to their slaves, would impair their value and lessen their own capital.

Our expose of what the socialists term the exploitation of skill and capital, will not, we know, be satisfactory to slaveholders even; for, although there be much less of such exploitation, or unjust exaction, in slave society; still, too much of it remains to be agreeable to contemplate. Besides, our analysis of human nature and human pursuits, is too dark and sombre to meet with ready acceptance. We should be rejoiced to see our theory refuted. We are sure, however, that it never can be; but equally sure, that it is subject to many modifications and limitations that have not occurred to us. We have this consolation, that in rejecting as false and noxious all systems of moral philosophy, we are thrown upon the Bible, as containing the only true system of morals. We have attempted already to adduce three instances, in which the justification of slavery furnished new and additional evidence of the truth of Christianity. We will now add others.

It is notorious that infidelity appeared in the world, on an extensive scale, only cotemporaneously with the abolition of slavery, and that it is now limited to countries where no domestic slavery exists. Besides, abolitionists are commonly infidels, as their speeches, conventions, and papers daily evince. Where there is no slavery, the minds of men are unsettled on all subjects, and there is, emphatically, faith and conviction about nothing. Their moral and social world is in a chaotic and anarchical state. Order, subordination and adaptation have vanished; and with them, the belief in a Deity, the author of all order. It had often been urged, that the order observable in the moral and physical world, furnished strong evidence of a Deity, the author of that order. How vastly is this argument now strengthened, by the new fact, now first developed, that the destruction of social order generates universal scepticism. Mere political revolutions affect social order but little, and generate but little infidelity. It remained for social revolutions, like those in Europe in 1848, to bring on an infidel age; for, outside of slave society, such is the age in which we live.

If we prove that domestic slavery is, in the general, a natural and necessary institution, we remove the greatest stumbling block to belief in the Bible; for whilst texts, detached and torn from their context, may be found for any other purpose, none can be found that even militates against slavery. The distorted and forced construction of certain passages, for this purpose, by abolitionists, if employed as a common rule of construction, would reduce the Bible to a mere allegory, to be interpreted to suit every vicious taste and wicked purpose.

But we have been looking merely to one side of human nature, and to that side rendered darker by the false, antagonistic and competitive relations in which so-called liberty and equality place man.

Man is, by nature, the most social and gregarious, and, therefore, the least selfish of animals. Within the family there is little room, opportunity or temptation to selfishness – and slavery leaves but little of the world without the family. Man loves that nearest to him best. First his wife, children and parents, then his slaves, next his neighbors and fellow-countrymen. But his unselfishness does not stop here. He is ready and anxious to relieve a famine in Ireland, and shudders when he reads of a murder at the antipodes. He feels deeply for the sufferings of domestic animals, and is rendered happy by witnessing the enjoyments of the flocks, and herds, and carroling birds that surround him. He sympathizes with all external nature. A parched field distresses him, and he rejoices as he sees the groves, and the gardens, and the plains flourishing, and blooming, and smiling about him. All men are philanthropists, and would benefit their fellow-men if they could. But we cannot be sure of benefiting those whom we cannot control. Hence, all actively good men are ambitious, and would be masters, in all save the name.

Benevolence, the love of what is without, and the disposition to incur pain or inconvenience to advance the happiness and well-being of what is without self, is as universal a motive of human conduct, as mere selfishness – which is the disposition to sacrifice the good of others to our own good.

The prevalent philosophy of the day takes cognizance of but half of human nature – and that the worst half. Our happiness is so involved in the happiness and well-being of everything around us, that a mere selfish philosophy, like political economy, is a very unsafe and delusive guide.

We employ the term Benevolence to express our outward affections, sympathies, tastes and feelings; but it is inadequate to express our meaning; it is not the opposite of selfishness, and unselfishness would be too negative for our purpose. Philosophy has been so busy with the worst feature of human nature, that it has not even found a name for this, its better feature. We must fall back on Christianity, which embraces man's whole nature, and though not a code of philosophy, is something better; for it proposes to lead us through the trials and intricacies of life, not by the mere cool calculations of the head, but by the unerring instincts of a pure and regenerate heart. The problem of the Moral World is too vast and complex for the human mind to comprehend; yet the pure heart will, safely and quietly, feel its way through the mazes that confound the head.

CHAPTER III.

SUBJECT CONTINUED – EXPLOITATION OF SKILL

"The worth of a thing, is just what it bring." The professional man who charges the highest fees is most respected, and he who undercharges stands disgraced. We have a friend who has been, and we believe will continue to be, one of the most useful men in Virginia. He inherited an independent patrimony. He acquired a fine education, and betook himself laboriously to an honorable profession. His success was great, and his charges very high. In a few years he amassed a fortune, and ceased work. We expounded our theory to him. Told him we used to consider him a good man, and quite an example for the rising generation; but that now he stood condemned under our theory. Whilst making his fortune, he daily exchanged about one day of his light labor for thirty days of the farmer, the gardener, the miner, the ditcher, the sewing woman, and other common working people's labor. His capital was but the accumulation of the results of their labor; for common labor creates all capital. Their labor was more necessary and useful than his, and also more honorable and respectable. The more honorable, because they were contented with their situation and their profits, and not seeking to exploitate, by exchanging one day of their labor for many of other people's. To be exploitated, ought to be more creditable than to exploitate. They were "slaves without masters;" the little fish, who were food for all the larger. They stood disgraced, because they would not practice cannibalism; rise in the world by more lucrative, less useful and less laborious pursuits, and live by exploitation rather than labor. He, by practising cannibalism more successfully than others, had acquired fame and fortune. 'Twas the old tune – "Saul has slain his thousands, and David his tens of thousands." The more scalps we can shew, the more honored we are.

We told him he had made his fortune by the exploitation of skill, and was now living by the still worse exploitation of capital. Whilst working, he made thirty dollars a day – that is, exploitated or appropriated the labor of thirty common working men, and gave in exchange his own labor, intrinsically less worthy, than any one of theirs. But now he was doing worse. He was using his capital as a power to compel others to work for him – for whom he did not work at all. The white laborers who made his income, or interests and dividends, were wholly neglected by him, because he did not know even who they were. He treated his negro slaves much better. It was true, he appropriated or exploitated much of the results of their labor, but he governed them and provided for them, with almost parental affection. Some of them we knew, who feigned to be unfit for labor, he was boarding expensively. Our friend at first ridiculed our theory. But by degrees began to see its truth, and being sensitively conscientious, was disposed to fret whenever the subject was introduced.

One day he met us, with a face beaming with smiles, and said, "I can explain and justify that new theory of yours. This oppression and exaction of skill and capital which we see continually practiced, and which is too natural to man ever to cease, is necessary in order to disperse and diffuse population over the globe. Half the good lands of the world are unappropriated and invite settlement and cultivation. Most men who choose can become proprietors by change of residence. They are too much crowded in many countries, and exploitation that disperses them is a blessing. It will be time enough to discuss your theory of the despotism of skill and capital, when all the world is densely settled, and the men without property can no longer escape from the exactions of those who hold property."

Our friend's theory is certainly ingenious and novel, and goes far to prove that exploitation is not an unmitigated evil. Under exceptional circumstances, its good effects on human happiness and well-being, may greatly over-balance its evil influences. Such, probably, is the case at the North. There, free competition, and the consequent oppressions of skill and capital are fiercer and more active than in any other country. But in forty-eight hours, laborers may escape to the West, and become proprietors. It is a blessing to them to be thus expelled, and a blessing to those who expel them. The emigration to the West rids the East of a surplus population, and enriches it by the interchanges of trade and commerce which the emigration immediately begets. As an exceptional form of society, we begin to think that at the North highly useful. It will continue to be good and useful until the North-west is peopled. Then, and not till then, it will be time for Mr. Greely to build phalansteries, and for Gerrit Smith to divide all the lands. We find that we shall have to defend the North as well as the South against the assaults of the abolitionist – still, we cannot abate a jot or tittle of our theory: "Slavery is the natural and normal condition of society." The situation of the North is abnormal and anomalous. So in desert or mountainous regions, where only small patches of land can be cultivated, the father, wife and children are sufficient for the purpose, and slavery would be superfluous.

In order to make sure that our reader shall comprehend our theory, we will give a long extract from the "Science of Society," by Stephen Pearle Andrews of New York. He is, we think, far the ablest writer on moral science that America has produced. Though an abolitionist, he has not a very bad opinion of slavery. We verily believe, there is not one intelligent abolitionist at the North who does not believe that slavery to capital in free society is worse than Southern negro slavery; but like Mr. Andrews, they are all perfectionists, with a Utopia in full view:

I. Suppose I am a wheelwright in a small village, and the only one of my trade. You are travelling with certain valuables in your carriage, which breaks down opposite my shop. It will take an hour of my time to mend the carriage. You can get no other means of conveyance, and the loss to you, if you fail to arrive at the neighboring town in season for the sailing of a certain vessel, will be $500, which fact you mention to me, in good faith, in order to quicken my exertions. I give one hour of my work and mend the carriage. What am I in equity entitled to charge – what should be the limit of price upon my labor?

Let us apply the different measures, and see how they will operate. If Value is the limit of price, then the price of the hour's labor should be $500. That is the equivalent of the value of the labor to you. If cost is the limit of price, then you should pay me a commodity, or commodities, or a representative in currency, which will procure me commodities having in them one hour's labor equally as hard as the mending of the carriage, without the slightest reference to the degree of benefit which that labor has bestowed on you; or, putting the illustration in money, thus: assuming the twenty-five cents to be an equivalent for an hour's labor of an artizan in that particular trade, then, according to the Cost Principle, I should be justified in asking only twenty-five cents, but according to the Value Principle, I should be justified in asking $500.

The Value Principle, in some form of expression, is, as I have said, the only recognized principle of trade throughout the world. "A thing is worth what it will bring in the market." Still, if I were to charge you $500, or a fourth part of that sum, and, taking advantage of your necessities, force you to pay it, everybody would denounce me, the poor wheelwright, as an extortioner and a scoundrel. Why? Simply because this is an unusual application of the principle. Wheelwrights seldom have a chance to make such a "speculation," and therefore it is not according to the "established usages of trade." Hence its manifest injustice shocks, in such a case, the common sense of right. Meanwhile you, a wealthy merchant, are daily rolling up an immense fortune by doing business upon the same principle which you condemn in the wheelwright, and nobody finds fault. At every scarcity in the market, you immediately raise the price of every article you hold. It is your business to take advantage of the necessities of those with whom you deal, by selling to them according to the Value to them, and not according to the Cost to you. You go further. You, by every means in your power, create those necessities, by buying up particular articles and holding them out of the market until the demand becomes pressing, by circulating false reports of short crops, and by other similar tricks known to the trade. This is the same in principle, as if the wheelwright had first dug the rut in which your carriage upset, and then charged you the $500.

Yet hitherto no one has thought of seriously questioning the principle, namely, that "Value is the limit of price," or, in other words, that "it is right to take for a thing what it is worth." It is upon this principle or maxim, that all honorable trade professes now to be conducted, until instances arise in which its oppressive operation is so glaring and repugnant to the moral sense of mankind, that those who carry it out are denounced as rogues and cheats. In this manner a sort of conventional limit is placed upon the application of a principle which is equally the principle of every swindling transaction, and of what is called legitimate commerce. The discovery has not hitherto been made, that the principle itself is essentially vicious, and that in its infinite and all-pervading variety of applications, this vicious principle is the source of the injustice, inequality of condition, and frightful pauperism and wretchedness which characterize the existing state of our so-called civilization. Still less has the discovery been made, that there is another simple principle of traffic which, once understood and applied in practice, will effectually rectify all those monstrous evils, and introduce into human society the reign of absolute equity in all property relations, while it will lay the foundations of universal harmony in the social and moral relations as well.

II. Suppose it costs me ten minutes' labor to concoct a pill which will save your life when nothing else will; and suppose, at the same time, to render the case simple, that the knowledge of the ingredients came to me by accident, without labor or cost. It is clear that your life is worth to you more than your fortune. Am I, then, entitled to demand of you for the nostrum the whole of your property, more or less? Clearly so, if it is right to take for a thing what it is worth, which is theoretically the highest ethics of trade.

Forced, on the one hand, by the impossibility, existing in the nature of things, of ascertaining and measuring positive values, or of determining, in other words, what a thing is really worth, and rendered partially conscious by the obvious hardship and injustice of every unusual or extreme application of the principle that it is either no rule or a bad one, and not guided by the knowledge of any true principle out of the labyrinth of conflicting rights into which the false principle conducts, the world has practically abandoned the attempt to combine Equity with Commerce, and lowered its standard of morality to the inverse statement of the formula, namely, that, "A thing is worth what it will bring;" or, in other words, that it is fitting and proper to take for a thing when sold whatever can be got for it. This, then, is what is denominated the Market Value of an article, as distinguished from its actual value. Without being more equitable as a measure of price, it certainly has a great practical advantage over the more decent theoretical statement, in the fact that it is possible to ascertain by experiment how much you can force people, through their necessities, to give. The principle, in this form, measures the price by the degree of want on the part of the purchaser, that is, by what he supposes will prove to be the value or benefit to him of the commodity purchased, in comparison with that of the one with which he parts in the transaction. Hence it becomes immediately and continually the interest of the seller to place the purchaser in a condition of as much want as possible; "to corner" him, as the phrase is in Wall street, and force him to buy at the dearest rate. If he is unable to increase his actual necessity, he resorts to every means of creating an imaginary want by false praises bestowed upon the qualities and uses of his goods. Hence the usages of forestalling the market, of confusing the public knowledge of Supply and Demand, of advertising and puffing worthless commodities, and the like, which constitute the existing commercial system – a system which, in our age, is ripening into putrefaction, and coming to offend the nostrils of good taste no less than the innate sense of right, which, dreadfully vitiating as it is, it has failed wholly to extinguish.

The Value Principle in this form, as in the other, is therefore felt, without being distinctly understood, to be essentially diabolical, and hence it undergoes again a kind of sentimental modification wherever the sentiment for honesty is most potent. This last and highest expression of the doctrine of honesty, as now known in the world, may be stated in the form of the hortatory precept, "Don't be too bad," or, "Don't gouge too deep." No Political Economist, Financier, Moralist, or Religionist, has any more definite standard of right in commercial transactions than that. It is not too much to affirm that neither Political Economist, Financier, Moralist, nor Religionist knows at this day, nor ever has known, what it is to be honest. The religious teacher, who exhorts his hearers from Sabbath to Sabbath to be fair in their dealings with each other and with the outside world, does not know, and could not for his life tell, how much he is, in fair dealing or equity, bound to pay his washerwoman or his housekeeper for any service whatever which they may render. The sentiment of honesty exists, but the science of honesty is wanting. The sentiment is first in order. The science must be an outgrowth, a consequential development of the sentiment. The precepts of Christian Morality deal properly with that which is the soul of the other, leaving to intellectual investigation the discovery of its scientific complement.

It follows from what has been said, that the Value Principle is the commercial embodiment of the essential element of conquest and war – war transferred from the battle-field to the counter – none the less opposed, however, to the spirit of Christian Morality, or the sentiment of human brotherhood. In bodily conflict, the physically strong conquer and subject the physically weak. In the conflict of trade, the intellectually astute and powerful conquer and subject those who are intellectually feeble, or whose intellectual development is not of the precise kind to fit them for the conflict of wits in the matter of trade. With the progress of civilization and development we have ceased to think that superior physical strength gives the right of conquest and subjugation. We have graduated, in idea, out of the period of physical dominion. We remain, however, as yet in the period of intellectual conquest or plunder. It has not been questioned hitherto, as a general proposition, that the man who has superior intellectual endowments to others, has a right resulting therefrom to profit thereby at the cost of others. In the extreme applications of the admission only is the conclusion ever denied. In the whole field of what are denominated the legitimate operations of trade, there is no other law recognized than the relative "smartness" or shrewdness of the parties, modified at most by the sentimental precept stated above.

The intrinsic wrongfulness of the principal axioms and practice of existing commerce will appear to every reflecting mind from the preceding analysis. It will be proper, however, before dismissing the consideration of the Value Principle, to trace out a little more in detail some of its specific results.

The principle itself being essentially iniquitous, all the fruits of the principle are necessarily pernicious.

Among the consequences which flow from it are the following:

I. It renders falsehood and hypocrisy a necessary concomitant of trade. Where the object is to buy cheap and sell dear, the parties find their interest in mutual deception. It is taught, in theory, that "honesty is the best policy," in the long run; but in practice the merchant discovers speedily that he must starve if he acts upon the precept – in the short run. Honesty – even as much honesty as can be arrived at – is not the best policy under the present unscientific system of commerce; if by the best policy is meant that which tends to success in business. Professional merchants are sharp to distinguish their true policy for that end, and they do not find it in a full exposition of the truth. Intelligent merchants know the fact well, and conscientious merchants deplore it; but they see no remedy. The theory of trade taught to innocent youths in the retired family, or the Sunday school, would ruin any clerk, if adhered to behind the counter, in a fortnight. Hence it is uniformly abandoned, and a new system of morality acquired the moment a practical application is to be made of the instruction. A frank disclosure, by the merchant, of all the secret advantages in his possession, would destroy his reputation for sagacity as effectually as it would that of the gambler among his associates. Both commerce and gambling, as professions, are systems of strategy. It is the business of both parties to a trade to over-reach each other – a fact which finds its unblushing announcement in the maxim of the Common Law, Caveat emptor, (let the purchaser take care.)