21/31 The possibility of the negro's holding the balance of power seemed dangerous and ultimately led to attempts to disfranchise him by law, which will be considered in another chapter. The problem of finance was equally fundamental. The increase in the total debt of the seceding States had been enormous. The difference between the debts of these States (excluding Texas) in 1860 and in the year in which they became most involved was nearly $135,000,000.[1] In proportion to the total wealth of these States, this debt was extremely high. 276. |