that, “prior to the agitation of this subject of abolition, there was a progressive melioration in the condition of slaves throughout all the slave states,” and that “in some of them, schools of instruction were opened,” &c.; and I further trust, that this admission will render harmless your intimation, that this “melioration” and these “schools” were intended to prepare the slaves for freedom.  After what you have said of the great value of the slaves, and of the obstacle it presents to emancipation, you will meet with little success in your endeavors to convince the world, that the South was preparing to give up the “twelve hundred millions of dollars,” and that the naughty abolitionists have postponed her gratification “for half a century.”  If your views of the immense value of the slaves, and of the consequent opposition to their freedom, be correct, then the hatred of the South towards the abolitionists must be, not because their movements tend to lengthen, but because they tend to shorten the period of her possession of the “twelve hundred millions of dollars.”  May I ask you, whether, whilst the South clings to these “twelve hundred millions of dollars,” it is not somewhat hypocritical in her to be complaining, that the abolitionists are fastening the “twelve hundred millions of dollars” to her?  And may I ask you, whether there is not a little inconsistency between your own lamentations over this work of the abolitionists, and your intimation that the South will never consent to give up her slaves, until the impossibility, of paying her “twelve hundred millions of dollars” for them, shall have been accomplished?  Puerile and insulting as is your proposition to the abolitionists to raise “twelve hundred millions of dollars” for the purchase of the slaves, it is nevertheless instructive; inasmuch as it shows, that, in your judgment, the South is as little willing to give up her slaves, as the abolitionists are able to pay “twelve hundred millions of dollars” for them; and how unable the abolitionists are to pay a sum of money far greater than the whole amount of money in the world, I need not explain.

But if the South must have “twelve hundred millions of dollars” to induce her to liberate her present number of slaves, how can you expect success fur your scheme of ridding her of several times the present number, “in the progress of some one hundred and fifty, or two hundred years?” Do you reply, that, although she must have “four hundred dollars” a-piece for them, if she sell them to the abolitionists, she is, nevertheless, willing to let the Colonization Society have them without charge?  There is abundant proof, that she is not.  During the twenty-two years of the existence of that Society, not so many slaves have been emancipated and given to it for expatriation, as are born in a single week.  As a proof that the sympathies of the South are all with the slaveholding and real character of this two-faced institution, and not at all with the abolition purposes and tendencies,