CHAPTER XI. 
CONCLUDING EEMAEKS— THE COMPLICATED NETWORK OF COT- 
TON—INDUCEMENTS TO IMMIGKANT3— ADVANTAGES AND DIS- 
ADVANTAGES—FUTURE OF THE SOUTH. 
We wish to make a short, summary statement, and 
draw our labors to a close. 
1. Prior to the abolition of slavery, the production of 
cotton employed capital to the amount of two billion 
dollars : landed property and implements being estimated 
at about two hundred million dollars, and the balance 
estimated as the value of the slaves. 
2. Since the abolition of slavery, the capital invested in 
the production of cotton in the United States does not 
exceed two hundred million dollars. 
3. It furnishes labor in the field for one million of 
souls. 
4. It feeds the spindles of one thousand manufactories' 
in the United States, and of five thousand manufactories 
in Europe. 
5. It has paid nearly two-thirds of the national debt of 
the United States for the last fifty years. 
6. It is a wonderfiil source of wealth, enriching the 
planter, the manufacturer, the cotton broker, the ship- 
master, and the merchant. 
1. It has, within the present century, cheered the 
