inia. I shall now resume the latter
inquiry, so as to complete the comparison between New York and Virginia.
By commerce is embraced, in this examination, all earning not included
under the heads of agriculture, manufactures, the mines, or fisheries.
RAILROADS.--The number of miles of railroads in operation in New York,
in 1860, including city roads, was 2,842 miles, costing $138,395,055;
and in Virginia, 1,771 miles, costing $64,958,807. (Census table of
1860, No. 38, pp. 230 and 233.) Now, by the same census report, p. 105,
the value of the freights of the New York roads for 1860 was as follows:
Product of the forest--tons carried, 373,424; value per ton, $20; total
value, $7,468,480. Of animals--895,519 tons; value per ton, $200; total
value, $179,103,800. Vegetable food--1,103,640 tons; value per ton, $50;
total value, $55,182,000. Other agricultural products--143,219 tons;
value per ton, $15; total value, $2,148,055. Manufactures--511,916 tons;
value per ton, $500; total value, $391,905,500. Other articles--930,244
tons; value, $10 per ton; total value, $9,302,440. Grand total,
4,741,773 tons carried; value per ton, $163. Total values, $773,089,275.
Deducting one quarter for duplication, makes 3,556,330 tons carried on
the New York roads in 1860; and the value, $579,681,790. The values of
the freights on the Virginia roads, as estimated, is $60,000,000, giving
an excess to those of New York of $519,681,790, on the value of railroad
freights in 1860. The passenger account, not given, would largely
increase the disparity in favor of New York.
CANALS.--The number of miles of canals in New York is 1,038, and their
cost $67,567,972. In Virginia, the number of miles is 178, and the cost
$7,817,000. (Census table 39, p. 238.) The estimated value of the
freight on the New York canals is 19 times that of the freight on the
Virginia canals. (Census.)
TONNAGE.--The tonnage of vessels built in New York in 1860 was 31,936
tons, and in Virginia 4,372. (Census, p. 107.)
BANKS.--The number of banks in New York in 1860 was 303; capital
$111,441,320, loans $200,351,332, specie $20,921,545, circulation
$29,959,506, deposits $101,070,273; and in Virginia the number was 65;
capital $16,005,156, loans $24,975,792, specie $2,943,652, circulation
$9,812,197, deposits $7,729,652. (Table 34, p. 193, Census.)
INSURANCE COMPANIES.--The risks taken in New York were $916,474,956, or
nearly one third of those in the whole Union. Virgini
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