...except as the change might increase or diminish the efficiency of labor or the cost of its maintenance. There would have been no "annihilation of property,"...under its most favorable conditions, the demonstration of that truth needs more favorable circumstances than were found in the years 1866, 1867. The prejudices...

...the Census of ItSO, quoted iu the former. - See Appendix A, capital invested in the cotton culture. power would have remained as before, only it would...it is indisputably true that free labor is always chenper than slave labor, when each is under its most favorable conditions, the demonstration of that...

...emancipation, made as au act of war, with this difference, however, that the laborers of both r.irt-s wen- sadly reduced and demoralized by the incidents of...between capital and labor render further time and r\]K'rience necessary to make it fully effective. While it is indisputably true that free labor is...

...difference, however, that the laborers of both races were sadly reduced and demoralized by the incidents ot the war which wrought the change. The same laboring...and experience necessary to make it fully effective. REPORT ON COTTON. very poor of both races were alleviated by government rations and by private beneficence...