Vandalia Whig And Illinois Intelligencer

SLAVE EMANCIPATION.

We extract the following from the London Standard, in which it was given as a faithful outline of the government plan, for the settlement of the West India question:

A loan of 20 millions is to be negotiated upon the credit of the colonies. The legislative assemblies of those colonies which have any are to be called upon to guarantee this loan and in the colonies which have not legislative assemblies, some agreement is to be come to with the planters for the like purpose. The loan is to pay an interest of five per cent.—one per cent., being reserved for the creation of a sinking fund the remaining sum to be payable to the subscribers.

The money so raised is to be applied as follows to the immediate emancipation of the whole negro population:

The planters are to be paid an ad valorem price ranging between £10 to £20 per head, for their several slaves. The slaves then, de facto, cease to be the planter's property, and become indentured laborers, as it were of the public. They are, however, to be held in gangs upon the estates in the cultivation of which they are employed. They are to be compelled to work six days of the week and the compulsory instrument is to be supplied by a numerous and efficient white police, acting under a subordination of magistrates communicating with the several colonial governors.