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The omancipation will be unsatisfactory to the advocates of perpetual slavery; but the length of time should greatly mitigate their dissatisfaction. The time spares both races from the evils of sudden derangement-in fact, from the necessity of any derangement; while most of those whose habitual course of thought will be disturbed by the measure will have passed away before its consummation. They will never see it. Another ciass will hail the prospect of emancipation, but will deprecate the length of time. They will feel that it gives too little to the now living slaves. But it really gives them much. It saves them from the vagrant destitution which must largely attend immediate emancipation in localities whero their numbers are very great; and it gives the inspiring assurance that their posterity shall be free forever. The plan leaves to each State choosing to act under it, to abolish slavery now, or at the end of the century, or at any intermediate time, or by degrees, extending over the whole or any part of the period; and it obliges no two States to proceed alike. It also provides for compensation, and generally the mode of making it. This, it would seem, must further mitigate the dissatisfaction of those who favor perpetual slavery, and especially of those who are to receive the compensation. Doubtless some of those who are to pay and not receive will object. Yet the measure is both just and economical. In a certain sense the liberation of slaves is the destruction of property—property acquired by descent or by purchase, the same as any other property. It is no less true for having been often said, that the people of the South are not moro responsible for the original introduction of this property than are the people of the North; and when it is remembered how unhesitatingly we all use cotton and sugar, and share tbe profits of dealing in them, it may not be quite safe to say that the South has been more responsible than the North for its continuance. If, then, for a common object this property is to be sacrificed, is it not just that it be done at a common charge ?

And if with less money, or money more easily paid, we can preserve the benefits of the Union by this means than we can by the war alone, is it not also economical to do it? Let us consider it, then. Let us ascertain the sum we have expended in the war since compensated emancipation was proposed last March, and consider whether, if that measure had been promptly accepted by even some of the Slave States, the same sum would not have done more to close the war than has been otherwise done. If so, the measure would save money, and, in that view, would be a prudent and economical measure. Certainly it is

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not so easy to pay something as it is to pay nothing; but it is easier pay a large sum than it is to pay a larger one. And it is easier to to pay any sum when we are able than it is to pay it before we are able. The war requires large sums, and requires them at once. gate sum necessary for compensated emancipation of course would be large. But it would require no ready cash, nor the bonds even, any faster than the emancipation progresses. This might not, and probably would not, close before the end of the thirty-seven years. At that time we shall probably have a hundred millions of people to share the burden, instead of thirty-one millions, as now. And not only so, but the increase of our population may be expected to continue for a long time after that period as rapidly as before ; because our territory will not have become full. I do not state this inconsiderately.

At the same ratio of increase which we have maintained, on an average, from our first national census, in 1790, until that of 1860, we should, in 1900, have a population of 103,208,415. And why may we not continue that ratio–far beyond that period? Our abundant roomour broad national homestead-is our ample resource. Were our territory as limited as are the British Isles, very certainly our population could not expand as stated. Instead of receiving the foreign born as now, we should be compelled to send part of the native born away. But such is not our condition. We have two millions nine hundred and sixty-three thousand square miles. Europe has three millions and eight hundred thousand, with a population averaging seventy-three and one-third persons to the square mile. Why may not our country at some time average as many? Is it less fertile ? Has it more waste surface, by mountains, rivers, lakes, deserts, or other causes? Is it inferior to Europe in any natural advantage? If then we are, at some time, to be as populous as Europe, how soon? As to when this may be, we can judge by the past and the present; as to when it will be, if ever, depends much on whether we maintain the Union. Several of our States are already above the average of Europe-seventy-three and a third to the square mile. Massachusetts 157; Rhode Island 133; Connecticut 99; New York and New Jersey, each 80. Also two other great States, Pennsylvania and Ohio, are not far below, the former having 63 and the latter 59. The States already above the European average, except New York, have increased in as rapid a ratio, since passing that point, as ever before ; while no one of them is equal to some other parts of our country in natural capacity for sustaining a dense population.

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Taking the nation in the aggregate, and we find its population and ratio of increase, for the several decennial periods, to be as follows:

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1799.... 3,929,827
1800... 5,305,937 35.02 per cent. ratio of increase.
1810. 7,239,814 36.45
1820. 9,638,131 33.13
1830. 12,866,020 33.49
1840. 17,069,453 32.67
1850. 23,191,876 35.87

31,443,790 35.58

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1860....

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This shows an average decennial increase of 34.60 per cent. in population through the seventy years, from our first to our last census yet taken. It is seen that the ratio of increase, at no one of these two periods, is either two per cent. below or two per cent. above the average; thus showing how inflexible, and consequently how reliable, the law of increase in our case is. Assuming that it will continue, it gives the following results :

1870.. 1880. 1890. 1900. 1910. 1920. 1930.

42,323,341 56,967,216 76,677,872 103,208,415 138,918,526 186,984,335 251,680,914

These figures show that our country may be as populous as Europe now is at some point between 1920 and 1930—say about 1925-our territory, at seventy-three and a third persons to the square mile, being of capacity to contain 217,186,000.

And we will reach this, too, if we do not ourselves relinquish the chance, by the folly and evils of disunion, or by long and exhausting wars springing from the only great element of national discord among us. While it cannot be foreseen exactly how much one huge example of secession, breeding lesser ones indefinitely, would retard population, civilization, and prosperity, no one can doubt that the extent of it would be very great and injurious.

Tho proposed emancipation would shorten the war, perpetuate peace, insure this increase of population, and proportionately the wealth of the country. With these we should pay all the emancipation would cost, together with our other debt, easier than we should pay our other debt without it. If we had allowed our old national debt to run at six per cent. per annum, simple interest, from the end of our Revolutionary struggle until to-day, without paying anything on either principal or interest, each man of us would owe legs upon that debt now than each man owed upon it then; and this because our increase of men, through the whole period, has been greater than six per cent.; has run faster than the interest upon the debt. Thus, time alone relieves a debtor nation, so long as its population increases faster than unpaid interest accumulates on its debt.

This fact would be no excuse for delaying payment of what is justly due; but it shows the great importance of time in this connection—the great advantage of a policy by which we shall not have to pay until we number a hundred millions, what, by a different policy, we would have to pay now, when we number but thirty-one millions. In a word, it shows that a dollar will be much harder to pay for the war than will be a dollar for the emancipation on the proposed plan. And then the latter will cost no blood, no precious life. It will be a saving of both.

As to the second article, I think it would be impracticable to return to bondage the class of persons therein contemplated. Some of them, doubtless, in the property sense, belong to loyal owners; and hence provision is made in this article for compensating such.

The third article relates to the future of the freed people. It does not oblige, but merely authorizes Congress to aid in colonizing such as may consent. This ought not to be regarded as objectionable on the one hand or on the other, in so much as it comes to nothing unless by the mutual consent of the people to be deported, and the American voters, through their representatives in Congress.

I cannot make it better known than it already is that I strongly favor colonization. And yet I wish to say there is an objection urged against free colored persons remaining in the country which is largely imaginary, if not sometimes malicious.

It is insisted that their presence would injure and displace white labor and white laborers. If there ever could be a proper time for mere catch arguments, that time surely is not now. In times like the present men should utter nothing for which they would not willingly be responsible through time and in eternity. Is it true, then, that colored people can displace any more white labor by being free than by remaining slaves ? If they stay in their old places they jostle no white laborers; 'if they Wave their old places they leave them open to white laborers. Logically there is neither more nor less of it. Emancipation even without deportation, would probably enhance the wages of white labor, and, very surely, would not reduce them. Thus the customary amount of labor would still have to be performed-the freed peoplo would surely not do more than their old proportion of it, and very probably for à time would do less, leaving an increased part to white laborers, bringing their labor into greater demand, and consequently enhancing the wages of it. With deportation, even to a limited extent, enhanced wages to white labor is mathematically certain. Labor is like any other commodity in the market-increase the demand for it and you increase the price of it. Reduce the supply of black labor, by colonizing the black laborer out of the country, and by precisely so much you increase the demand for and wages of white labor.

But it is dreaded that the freed prople will swarm forth and cover the whole land! Are they not already in the land? Will liberation make them any more numerous ? Equally distributed among the whites of the whole country, and there would be but one colored to seven whites. Could the one, in any way, greatly disturb the seven ? There are many communities now having more than one free colored person to seven whites; and this, without any apparent consciousness of evil from it. The District of Columbia and the States of Maryland and Delaware are all in this condition. The District has more than one free colored to six whites; and yet, in its frequent petitions to Congress, I believe it has never presented the presence of free colored persons as one of its grievances. But why should emancipation South send the freed people North? People of any color seldom run unless there be something to run from. Heretofore colored people to some extent have fled North from bondage ; and now, perhaps, from bondage and destitution. But if gradual emancipation and deportation be adopted they will have neither to flee from. Their old masters will give them wages at least until new laborers can be procured, and the freed men in turn will gladly give their labor for the wages till new homes can be found for them in congenial climes and with people of their own blood and race. This proposition can be trusted on the mutual interests involved. And in any event, cannot the North decide for itself whether to receive them?

Again, as practice proves more than theory, in any case, has there been any irruption of colored people northward because of the abolishment of slavery in this District last spring?

What I have said of the proportion of free colored persons to the whites in the District is from the census of 1860, having no reference

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