uced their value 25 per
cent, in two hours after its passage was known. IF IT SHOULD BE OUR
LOT, AS I TRUST IT WILL BE, TO ACQUIRE THE COUNTRY OF TEXAS, THEIR
PRICE WILL RISE AGAIN."--p. 77.

Mr. Goode, Of Virginia, in his speech before the Virginia Legislature,
in Jan. 1832, [See Richmond Whig, of that date,] said:--

"The superior usefulness of the slaves in the south, will constitute
an _effectual demand_, which will remove them from our limits. We
shall send them from our state, because _it will be our interest to do
so_. Our planters are already becoming farmers. Many who grew tobacco
as their only staple, have already introduced, and commingled the
wheat crop. They are already semi-farmers; and in the natural course
of events, they must become more and more so.--As the greater quantity
of rich western lands are appropriated to the production of the staple
of our planters, that staple will become less profitable.--We shall
gradually divert our lands from its production, until we shall become
actual farmers.--Then will the necessity for slave labor diminish;
then will the effectual demand diminish, and then will the quantity of
slaves diminish, until they shall be adapted to the effectual demand.

"But gentlemen are alarmed _lest the markets of other states be closed
against the introduction of our slaves_. Sir, the demand for slave
labor MUST INCREASE through the South and West. It has been heretofore
limited by the want of capital; but when emigrants shall be relieved
from their embarrassments, contracted by the purchase of their lands,
the annual profits of their estates, will constitute an accumulating
capital, which they will _seek to invest in labor_. That the demand
for labor must increase in proportion to the increase of capital, is
one of the demonstrations of political economists; and I confess, that
for the removal of slavery from Virginia, I look to the efficacy of
that principle; together with the circumstance that our southern
brethren are constrained to continue planters, by their position, soil
and climate."

The following is from Niles' Weekly Register, published at Baltimore,
Md. vol. 35, p. 4.

_"Dealing in slaves has become a large business_; establishments are
made in several places in Maryland and Virginia, at which they are
sold like cattle; these places of deposit are strongly built, and well
supplied with thumb-screws and gags, and ornamented with cow-skins and
other whips oftentimes b