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:
“Many old people receive pensions for no other reason, it seems to me, but as a compensation for having lived a long time ago.”
—Henry David Thoreau (1817–1862)
“In compensation for considerable disgust, despondency, and boredom—such as living in solitude without friends, books, duties, or passions necessarily entails—we are given those quarter-hours of deepest communion with ourselves and nature. Those who completely barricade themselves from boredom, barricade themselves from themselves as well: they will never get to drink the most refreshingly potent draught from the their own innermost fountain.”
—Friedrich Nietzsche (1844–1900)
“I do not want to be covetous, but I think I speak the minds of many a wife and mother when I say I would willingly work as hard as possible all day and all night, if I might be sure of a small profit, but have worked hard for twenty-five years and have never known what it was to receive a financial compensation and to have what was really my own.”
—Emma Watrous, U.S. inventor. As quoted in Feminine Ingenuity, ch. 8, by Anne L. MacDonald (1992)