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Domestic News November 12, 1861

The Buchanan County Guardian

Independence, Buchanan County, Iowa

What is this article about?

In South Carolina, male slaves average $316 and females $400 at auction, a sharp drop from $1000, due to fears of military seizure. This results in a $264 million depreciation for the state's 185,000 slaves, highlighting war's economic toll.

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Full Text

LOSS OF SLAVE PROPERTY IN SOUTH CAROLINA.

We see it stated that the average cash value of male slaves at present in South Carolina, as shown by the auction sales, &c., is $316—females $400. Thus it appears, that for the first time in the history of that State or any State, male slaves are much less valuable than female. The reason no doubt is, that men don't like to buy male slaves, knowing the strong probability, if not the certainty, of their being seized for military service. This strongly indicates the condition of things there.

The average value of male and female slaves in South Carolina has hitherto been a thousand dollars. So the depreciation upon the hundred and eighty five thousand slaves of the State, allowing the number of males and females to be equal, is about two hundred and sixty-four millions of dollars. What a monstrous loss for a single State, especially a State no richer than South Carolina. She has suffered fearfully from this war, and, if it come not to a speedy close, her sufferings will be tenfold what they have yet been. Terrible was her crime, and terrible has been, and more terrible will be, her punishment.

If the depreciation in the value of slaves has already been so great in South Carolina, remote from the scene of war, what has it probably been in Virginia and Tennessee?-Louisville Journal.

What sub-type of article is it?

Economic Slave Related

What keywords are associated?

Slave Value Depreciation South Carolina Military Service Civil War Economic Impact Auction Sales

Where did it happen?

South Carolina

Domestic News Details

Primary Location

South Carolina

Outcome

depreciation of $264 million on 185,000 slaves, with males at $316 and females at $400, down from $1000 average.

Event Details

Average cash value of male slaves in South Carolina is $316 and females $400 at auction sales, making males less valuable than females for the first time due to likelihood of seizure for military service. This indicates the war's impact, with total depreciation calculated at about $264 million assuming equal numbers of males and females.

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