At the South, the individual planter, owning and possessing ten slaves, of an aggregate value, it may be, of ten thousand dollars, ranks higher, socially, is regarded indeed, in some subtile way, as a richer man, than the merchant or banker who may be worth his hundred thousand or half million of dollars, provided he has no slaves. To come to be the owner of negroes, and of more and more negroes, is the social ambition, the aristocratic purpose and pretension of the whole Southern people. It is by virtue of this mystical _prestige_ of the institution itself; which couples the charms of wealth with the exercise of authority, or a certain show of official supremacy on the part of the master; which begins by subjugating the imagination of the poorer classes, the whites throughout the South, whose direct interests are wholly opposed to those of the slaveholding class, and ends by subjecting them, morally and spiritually, and binding them in the bonds of the most abject allegiance to the oligarchy of slaveholders.
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