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p. 2, DeBow
only 2% of invested capital. At such rate, SC "becoming impoverished.
"Depopulation, to utmost possible extent, must take place rapidly.... Our slaves will go first...and that institution will be swept away." For last 20 years, floating capital has left SC to extent of $500,000 per year.
"Most fatal loss... has been owing to emigration."
Natural increase of slaves in South since slavery prohibited was 30%. From 1810 to 1820, increase is SC was fraction above that rate. From 1820 to 1830, it was a fraction below.
From 1830 to 1840, it was less than 7%. The number of slaves in SC in 1840 census was 83,000 "less than it should have been. They "had been carried off by their owners to a soil producing 1800 lb instead of 1200 lb."