Finally, though it is a subject not necessary now to discuss, the effect of the Cotton monopoly and dynasty in depressing the majority of the whites into a species of labor competition in the same branch of industry as the blacks, because the only branch open to all, can hardly have a self-respect-inspiring influence on that portion of the community, but should in its results rather illustrate old Falstaff's remark, that "there is a thing often heard of, and it is known to many in our land, by the name of pitch; this pitch, as ancient writers do report, doth defile: so doth the company thou keepest."
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