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Updated: June 18, 2025
The president of the Charleston and Savannah Railroad Company, endorsing the arguments which had been advanced by a writer in DeBows Review, recommended in his first annual report, 1855, an extensive purchase of slaves for the company's construction gangs, reckoning that at the price of $1,000, with interest at 7 per cent. and life insurance at 2-1/2 per cent. the annual charge would be little more than half the current cost in wages at $180.
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