[Footnote 3: Adam Smith, The Wealth of Nations, various editions, book I, chap. 8; book III, chap. 2; book IV, chaps. 7 and 9.]
[Footnote 4: J.B. Say, Traite d’Economie Politique (Paris, 1803), book I, chap. 28; in various later editions, book I, chap. 19.]
The translation of Say’s book into English evoked a reply to his views on slavery by Adam Hodgson, an Englishman with anti-slavery bent who had made an American tour; but his essay, though fortified with long quotations, was too rambling and ill digested to influence those who were not already desirous of being convinced.[5] More substantial was an essay of 1827 by a Marylander, James Raymond, who cited the experiences of his own commonwealth to support his contentions that slavery hampered economy by preventing seasonal shiftings of labor, by requiring employers to support their operatives in lean years as well as fat, and by hindering the accumulation of wealth by the laborers. The system, said he, could yield profits to the masters only in specially fertile districts; and even there it kept down the growth of population and of land values.[6]
[Footnote 5: Adam Hodgson, A Letter to M. Jean-Baptiste Say, on the comparative expense of free and slave labour (Liverpool, 1823; New York, 1823).]
[Footnote 6: James Raymond, Prize Essay on the Comparative Economy of Free and Slave Labor in Agriculture (Frederick [Md.], 1827), reprinted in the African Repository, III, 97-110 (June, 1827).]