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[17]

Now that this is possible, that this may be done, there is no question. The East India Company alone can do it of themselves, and they can do it by means that are perfectly moral and pacific, according to your own principles,--namely, by the cultivation of the earth, and by the employment of free labor. They may, if they please, not only have the high honor of abolishing slavery and the slave trade, but the advantage of increasing their revenue beyond all calculation: for, in the first place, they have land in their possession twenty times more than equal to the supply of all Europe with tropical produce; in the second place, they can procure, not tens of thousands, but tens of millions of free laborers to work; in the third, what is of the greatest consequence in this case, the price of labor with these is only from a penny to three half-pence a day. What slavery can stand against these prices?

I learn, too, from letters which I have seen from India, and from the Company's own reports, that they have long been engaged — shall I say providentially engaged?--in preparing seeds for the cultivation of cotton there. Now, if we take into considerations all these previous preparations (by which it appears that they are ready to start), and add to this the consideration that they could procure, not tens of thousands, but tens of millions of free laborers to work,--_ I speak from authority,--I believe that if they would follow up their plans heartily and with spirit, according to their means, in the course of six years they would materially affect the price of this article at market, and in twelve that they would be able to turn the tide completely against the growers of it in the United States.

And here I would observe that this is not a visionary or fanciful statement. Look at the American newspapers; look at the American pamphlets which have come out upon this subject; look at the opinion of the celebrated Judge Jay on this subject also: all, all confess, and the planters too confess — but the latter with fear and trembling — that if the East India Company should resolve upon the cultivation of tropical products in India, and carry it to the extent to which

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