[The Anti-Slavery Examiner, Omnibus by American Anti-Slavery Society]@TWC D-Link bookThe Anti-Slavery Examiner, Omnibus CHAPTER III 241/626
Crops are better than in the days of slavery--extra labour is easily obtained where kindness and justice are exercised towards the people.
The hopes of proprietors are great, and larger sums are being offered for estates than were offered previous to August, 1834, when estates, and negroes upon them, were disposed of together." Again, as in Jamaica commerce rests wholly upon agriculture, _its_ institutions can only flourish in a flourishing condition of the latter .-- What then are we to infer from an imposing prospectus which appears in the island papers, commencing thus:-- "Kingston, October 26, 1838 Jamaica Marine, Fire, and Life Assurance Company. Capital L100,000, In 5000 shares of L20 each. It has been long a matter of astonishment that, in a community so essentially mercantile as Jamaica, no Company should have been formed for the purpose of effecting Insurance on Life and Property; although it cannot be doubted for an instant, that not only would such an establishment be highly useful to all classes of the community, but that it must yield a handsome return to such persons as may be inclined to invest their money in it," &c. Farther down in the prospectus we are told--"It may here be stated, that the scheme for the formation of this Company has been mentioned to some of the principal Merchants and _Gentlemen of the Country_, and has met with decidedly favourable notice: and it is expected that the shares, a large number of which have been already taken, will be rapidly disposed of." The same paper, the Morning Journal, from which we make this extract, informs us: Nov.
2d-- "The shares subscribed for yesterday, in the Marine Fire and Life Insurance Company, we understand, amount to the almost unprecedented number of One Thousand Six Hundred, with a number of applicants whose names have not been added to the list." The Morning Journal of October 20th in remarking upon this project says:-- "Jamaica is now happily a free country; she contains within herself the means of becoming prosperous.
Let her sons develope those resources which Lord Belmore with so much truth declared never would be developed _until slavery had ceased_.
She has her Banks .-- Give her, in addition, her Loan Society, her Marine, Fire, and life Assurance Company, and some others that will shortly be proposed, and capital will flow in from other countries--property will acquire a value in the market, that will increase with the increase of wealth, and she will yet be a flourishing island, and her inhabitants a happy and contented people." Now men desperately in debt _might_ invite in foreign capital for temporary relief, but, since the _compensation_, this is understood not to be the case with the Jamaica planters; and if they are rushing into speculation, it must be because they have strong _hope_ of the safety and prosperity of their country--in other words, because they confide in the system of free labor.
<<Back Index Next>> D-Link book Top TWC mobile books
|