The Debt to Africa the Hope of Liberia

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-' In i860, the accumulated tonnage in the United States was estimated at 4, 000, 000 sail, and valued at $160, - 000, 000. Of this the Slave States owned less than one-sev- enth, while they furnished more than six-sevenths of the freight which sustained it. The cotton crop of that year was estimated at two thousand and seventy million pounds. The freight on it alone at one cent per pound for first removal was nearly $21, 000, 000. The value of other articles of southern produce exported, held ...the same relations to the ownership of the tonnage. The return, or import freights were also in a great measure on Southern account. At the same rates as export freight, the earnings by importations were $35, 000, 000; of which amount $12, 000, 000 was paid by Southern consumers; making about $36, 000, 000, or fi.
THE HOPE OF LIBERIA. 103 more than double the amount of the value of Southern ownership paid per annum, 2.^ measured by i860, from slave labor in support of commerce, without taking into account the value of coasting freights.


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