There was also some risk of loss from defects of title. The negroes offered might prove to be kidnapped freemen, or stolen slaves, or to have been illegally sold by their former owners in defraud of mortgagees. The last of these considerations was particularly disquieting in times of financial stress, for suspicion of wholesale frauds then became rife. At the beginning of 1840, for example, the offerings of slaves from Mississippi in large numbers and at bargain prices in the New Orleans market prompted a local editor to warn the citizens against buying cheap slaves who might shortly be seized by the federal marshal at the suit of citizens in other states. A few days afterward the same journal printed in its local news the following: "Many slaves were put up this day at the St. Louis exchange. Few if any were sold. It is very difficult now to find persons willing to buy slaves from Mississippi or Alabama on account of the fears entertained that such property may be already mortgaged to the banks of the above named states. Our moneyed men and speculators are now wide awake. It will take a pretty cunning child to cheat them."[37]
[Footnote 37: _Louisiana Courier_, Feb. 12 and 15, 1840.]
The disesteem in which the slavetraders were held was so great and general in the Southern community as to produce a social ostracism. The prevailing sentiment was expressed, with perhaps a little exaggeration, by D.R. Hundley of Alabama in his analysis of Southern social types: "Preëminent in villainy and a greedy love of filthy lucre stands the hard-hearted negro trader.... Some of them, we do not doubt, are conscientious men, but the number is few. Although honest and honorable when they first go into the business, the natural result of their calling seems to corrupt them; for they usually have to deal with the most refractory and brutal of the slave population, since good and honest slaves are rarely permitted to fall into the unscrupulous clutches of the speculator.... [He] is outwardly a coarse, ill-bred person, provincial in speech and manners, with a cross-looking phiz, a whiskey-tinctured nose, cold hard-looking eyes, a dirty tobacco-stained mouth, and shabby dress.... He is not troubled evidently with a conscience, for although he habitually separates parent from child, brother from sister, and husband from wife, he is yet one of the jolliest dogs alive, and never evinces the least sign of remorse.... Almost every sentence he utters is accompanied by an oath.... Nearly nine tenths of the slaves he buys and sells are vicious ones sold for crimes and misdemeanors, or otherwise diseased ones sold because of their worthlessness as property. These he purchases for about one half what healthy and honest slaves would cost him; but he sells them as both honest and healthy, mark you! So soon as he has completed his 'gang' he dresses them up in good clothes, makes them comb their kinky heads into some appearance of neatness, rubs oil on their dusky faces to give them a sleek healthy color, gives them a dram occasionally to make them sprightly, and teaches each one the part he or she has to play; and then he sets out for the extreme South.... At every village of importance he sojourns for a day or two, each day ranging his 'gang' in a line on the most busy street, and whenever a customer makes his appearance the oily speculator button-holes him immediately and begins to descant in the most highfalutin fashion upon the virtuous lot of darkeys he has for sale. Mrs. Stowe's Uncle Tom was not a circumstance to any one of the dozens he points out. So honest! so truthful! so dear to the hearts of their former masters and mistresses! Ah! Messrs. stock-brokers of Wall Street--you who are wont to cry up your rotten railroad, mining, steamboat and other worthless stocks[38]--for ingenious lying you should take lessons from the Southern negro trader!" Some of the itinerant traders were said, however, and probably with truth, to have had silent partners among the most substantial capitalists in the Southern cities.[39]