StippoFe the Alassncljusetts L.cgislature at il g present session sii on !d enact thatalltlie dny labores, men and toornen, iil the State, shoiiiil on awi after tle first of Mare.1.1 nest. iiecornc slaves of ' lundholdtrs and capitalista. Supprse the mmkelahle val ui; of ihe laborers thus transieired, to bo 50.000,000. Ilcrc wonld br? a fine addition to tlie nominal property of the State. We cmild go into irlorioiip spocnlntions npon it and out do tlio?e of 133Ã - 7. In spite of President Tylcr's vetoe., with fifty mil!ion3 of new capital, we could bid dofifliicÃ¨ tu "Iiard times." Uut let us look ot it. Labor is the only sonrce ofwcalth. Would the iraiisformation of free, hope-stimiiluttd men inio things iÃ¼cronse thoir hbor ! Not a fraolion - the reverse ratheri Of course, then Ihe 50,000,000 of-luw cre;Ã¼ed properiy would be nomina1 merely - a leprnl ficttnn - whoUy unn;al. Yet il would be added to the real property of the Stotc, it WQilid be made the basis of a!l but-ine.-s Iransnciinns, and enter into all estÃmales of property. What would be the effect? Speo ulation - ver -trading: of eourpe, to be foÃ¼owed bv cÃ¼sa-lrmis revulsiÃ³n and bankruptcy. "We huve 8K-2OO,oOO, ofslave property," says Henry Clay, n 1839, "and what thelnw mnkes property. is s'.'' Not so Mr. Clay. All lhis slave property which the South boasls of is iinarnary- unreal asa drenm- worso t.'inn U.S. Bank stock. Yet the effect of thi.s imoginary wealth on the country is n diiaitrniis reoÃ¼ty. By vuiue ofitthe Southern States nlways trade beynd tbeirmenns- bankruptcy followf - and the North loses hat she hos sold. Mointaining' a sysrem of ficiitiens cnyitul to the amount cf iicdvehvndred mildons of dollars, trading at the South is inevitable. The vvhole eystem of Tavety in whatevcr puint t is iooked ai, â al, political, fÃ¯nancial, is false, unnaturn} and in its teadencies "evil nd thal continually."