< Page:The cotton kingdom (Volume 2).djvu
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CHAPTER VI.

SLAVERY AS A POOR-LAW SYSTEM.


In the year 1846 the Secretary of the Treasury of the United States addressed a circular of inquiries to persons engaged in various businesses throughout the country, to obtain information of the national resources. In reply to this circular, forty-eight sugar-planters, of St. Mary's Parish, Louisiana, having compared notes, made the following statement of the usual expenses of a plantation, which might be expected to produce, one year with another, one hundred hogsheads of sugar:—

Household and family expenses $1,000
Overseer's salary 400
Food and clothing for 15 working hands, at $30 450
Food and clothing for 15 old negroes and children, at $15 225
1-1/2 per cent. on capital invested (which is about $40,000),
  to keep it in repair 600
  ———
  2,675

50 hogsheads sugar, at 4 cents per pound (net
  proceeds) $2,000
25 hogsheads sugar, at 3 cents per pound (net
  proceeds) 750
25 hogsheads sugar, at 2 cents per pound (net
  proceeds) 500
4,000 gallons of molasses, at 10 cents 400
  ——— 3,650
  ———
Leaving a profit of $975

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