"Look at the magnitude of this subject! One sixth of our population, in round numbers — not quite one sixth, and yet more than a seventh, — about one sixth of the whole population of the United States are slaves! The owners of these slaves consider them property. The effect upon the minds of the owners is that of property, and nothing else — it induces them to insist upon all that will favorably affect its value as property, to demand laws and institutions and a public policy that shall increase and secure its value, and make it durable, lasting and universal. The effect on the minds of the owners is to persuade them that there is no wrong in it. The slaveholder does not like to be considered a mean fellow, for holding that species of property, and hence he has to struggle within himself and sets about arguing himself into the belief that Slavery is right. The property influences his mind. Certain it is, that this two thousand million of dollars, invested in this species of property, all so concentrated that the mind can grasp it at once — this immense pecuniary interest, has its influence upon their minds."
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