Compensation
President Lincoln advocated that slave owners be compensated for emancipated slaves. On March 6, 1862 President Lincoln in a message to the U.S. Congress stated that emancipating slaves would create economic "inconveniences" and justified compensation to the slave owners. The resolution was adopted by Congress, however, the Southern States refused to comply. On July 12, 1862 President Lincoln in a conference with Congressmen from Kentucky, Maryland, Delaware, and Missouri encouraged their respective states to adopt emancipation legislation that gave compensation to the slave owners. On July 14, 1862 President Lincoln sent a bill to Congress that allowed the Treasury to issue bonds at 6% interest to states for slave emancipation compensation to the slave owners. The bill was never voted on by Congress. At the Hampton Roads Conference in 1865, Vice President of the Confederacy Alexander H. Stephens stated that President Lincoln was in favor of a "fair indemnity", possibly $400,000,000, in compensation for emancipated slaves.
Read more about this topic: Abraham Lincoln And Slavery
Famous quotes containing the word compensation:
“I have everything in the world that is necessary to happiness, good faith, good friends and all the work I can possibly do. I think God’s greatest blessing to the human race was when He sent man forth into the world to earn his bread by the sweat of his face. I believe in toil, in the dignity of labor, but I also believe in adequate compensation for that toil.”
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