State: Alabama Year: 1842\nLocation: Barbour Location Type: County\nAbstract: Thomas Berry claims that Amos J. Persons gave him a promissory note for $3800, secured by a mortgage on ten slaves. Now Berry reports that Mark A. Cooper, a resident of Columbus, Georgia, has successfully obtained a $7000-judgment against Persons, resulting in a levy being placed on the mortgaged slaves. Berry fears that Cooper will disregard his lien on the slaves and sell them beyond the jurisdiction of the court and state. He asks that Cooper be prevented "from all further proceeding upon said judgement & execution as regards said negroes, till said mortgage and note have been paid off & discharged." A related document reveals that the slaves were sold at auction in 1842, for $2826.25, in order to satisfy Thomas Berry's claim.\nThis is from the 1830s and 1842 and demonstrates just how speculative a mortgage against slaves would be. I'd be curious what the situation was in the 1850s as the drumbeat for abolition increased. \n \nAssuming there was a lot of "paper" out there on slaves that in 1860 would certainly influence the politics of protection of slavery and expansion to the territories. Bankers and investors are now involved in the institution and will have something to say to state legislators. If there were enough northern banks holding slave paper what is the result? Oppose secession I should think, but also oppose abolition and emancipation. Now that's alternative history.