This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1884 edition. Excerpt: ...grew complex, a manifest disadvantage to the masters. They would be at the trouble of whipping, or otherwise compelling the slaves to work; at the cost of watching them, and of keeping them when ill or unproductive; at the trouble of finding work for them to do, or of hiring them out, as at different seasons or at different times, the number of slaves which different owners or different contractors could advantageously employ would vary. As social development went on, these inconveniences might, were there no other way of obviating them, have led slave owners to adopt some such device for the joint ownership and management of slaves, as the mutual convenience of capitalists has led to in the management of capital. In a rude state of society, the man who wants to have money ready for use must hoard it, or, if he travels, carry it with him. The man who has capital must use it himself or lend it. But mutual convenience has, as society developed, suggested methods of saving this trouble. The man who wishes to have his money accessible turns it over to a bank, which does not agree to keep or hand him back that particular money, but money to that amount. And so by turning over his capital to savings-banks or trust companies, or by buying shares or bonds, he gets rid of all trouble of handling and employing it. Had chattel slavery continued, some similar device for the ownership and and management of slaves would in time have been adopted. But by changing the form of slavery--by freeing men and appropriating land--all the advantages of chattel slavery can be secured without any of the disadvantages which in a complex society attend the owning of a particular man by a particular master. Unable to employ themselves, the nominally free labourers...
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