_Conclusion_ I know it is not fashionable for writers on economic questions to tell the truth, but the truth should be told, though it kill.

When the wail of distress encircles the world, the man who is linked by "the touch of nature" which "makes the whole world kin" to the common destiny of the race universal; who hates injustice wherever it lifts up its head; who sympathizes with the distressed, the weak, and the friendless in every corner of the globe, such a man is morally bound to tell the truth as he conceives it to be the truth.
In these times, when the law-making and enforcing authority is leagued against the people; when great periodicals--monthly, weekly and daily--echo the mandates or anticipate the wishes of the powerful men who produce our social demoralization, it becomes necessary for the few men who do not agree to the arguments advanced or the interests sought to be bolstered up, to "cry aloud and spare not." The man who with the truth in his possession flatters with lies, that "thrift may follow fawning" is too vile to merit the contempt of honest men.
The government of the United States confiscated as "contraband of war" the slave population of the South, but it left to the portion of the unrepentant rebel a far more valuable species of property.

The slave, the perishable wealth, was confiscated to the government and then manumitted; but property in land, the wealth which perishes not nor can fly away, and which had made the institution of slavery possible, was left as the heritage of the robber who had not hesitated to lift his iconoclastic hand against the liberties of his country.

The baron of feudal Europe would have been paralyzed with astonishment at the leniency of the conquering invader who should take from him his slave, subject to mutation, and leave him his landed possessions which are as fixed as the Universe of Nature.

He would ask no more advantageous concession.