broached by them in the (so called) world's convention, held in London in the year 1840, and through its agency brought to the notice of the British government.
"Now, I hold, not only that France can have no interest in the consummation of this grand scheme, which England hopes to accomplish through Texas, if she can defeat the annexation, but that her interests, and those of all the continental powers of Europe, are directly and deeply opposed to it.
"It is too late in the day to contend that humanity or philanthropy is the great object of the policy of England in attempting to abolish African slavery on this continent. I do not question but humanity may have had a considerable influence in abolishing slavery in her West India possessions, aided, indeed, by the fallacious calculation that the labor of the negroes would be at least as profitable, if not more so, in consequence of the measure. She acted on the principle that tropical products can be produced cheaper by free African labor and East India labor, than by slave labor. She knew full well the value of such products to her commerce, navigation, navy, manufactures, revenue, and power. She was not ignorant that the support and maintenance of her political preponderance depended on her tropical possessions, and had no intention of diminishing their productiveness, nor any anticipation that such would be the effect, when the scheme of abolishing slavery in her colonial possessions was adopted. On the contrary, she calculated to combine philanthropy with profit and power, as is not unusual with fanaticism. Experience has convinced her of the fallacy of her calculations. She has failed in all her objects. The labor of her negroes has proved far less productive, without affording the consolation of having improved their condition.
"The experiment has turned out to be a costly one. She expended nearly one hundred million of dollars in indemnifying the owners of the emancipated slaves. It is estimated that the increased price paid since, by the people of Great Britain, for sugar and other tropical productions, in consequence of the measure, is equal to half that sum; and that twice that amount has been expended in the suppression of the slave-trade; making together two hundred and fifty millions of dollars as the cost of the experiment. Instead of realizing her hope, the result has been a sad disappointment. Her tropical products have fallen off to a vast amount. Instead of supplying her own wants, and those of nearly all Europe with them, as formerly, she has now, in some of the most important articles, scarcely enough to supply her own. What is worse, her own colonies are actually consuming sugar produced by slave-labor, brought direct to England, or refined in bond, and exported and sold in her colonies as cheap, or cheaper, than can be produced there; while the slavetrade, instead of diminishing, has been in fact carried on to a greater extent than ever. So disastrous has been the result, that her fixed capital invested in tropical possessions, estimated at the value of nearly five hundred millions of dollars, is said to stand on the brink of ruin.
"But this is not the worst; while this costly scheme has had such ruinous effects on the tropical productions of Great Britain, it has given a powerful
