ween free
and slave institutions!
PROGRESS OF WEALTH.--By Census Tables (1860) 33 and 36, it appears
(omitting commerce) that the products of industry, as given, viz., of
agriculture, manufactures, mines, and fisheries, were that year in
Pennsylvania, of the value of $398,600,000, or $137 per capita; and in
Virginia, $120,000,000 or $75 per capita. This shows a total value of
product in Pennsylvania much more than three times that of Virginia,
and, per capita, nearly two to one. That is, the average value of the
product of the labor of each person in Pennsylvania, is nearly double
that of each person, including slaves, in Virginia. Thus is proved the
vast superiority of free over slave labor, and the immense national loss
occasioned by the substitution of the latter for the former.
As to the rate of increase; the value of the products of Virginia in
1850 was $84,480,428 (Table 9), and in Pennsylvania, $229,567,131,
showing an increase in Virginia, from 1850 to 1860, of $35,519,572,
being 41 per cent.; and in Pennsylvania, $169,032,869, being 50 per
cent.; exhibiting a difference of 9 per cent. in favor of Pennsylvania.
By the Census Table of 1860, No. 35, p. 195, the true value then of the
real and personal property was, in Pennsylvania, $1,416,501,818, and of
Virginia, $793,249,681. Now, we have seen, the value of the products in
Pennsylvania in 1860 was $398,600,000, and in Virginia, $120,000,000.
Thus, as a question of the annual yield of capital, that of Pennsylvania
was 28.13 per cent., and of Virginia, 15.13 per cent. By Census Table
35, the total value of the real and personal property of Pennsylvania
was $722,486,120 in 1850, and $1,416,501,818 in 1860, showing an
increase, in that decade, of $694,015,698, being 96.05 per cent.; and in
Virginia, $430,701,082 in 1850, and $793,249,681 in 1860, showing an
increase of $362,548,599, or 84.17 per cent.
By Table 36, p. 196, Census of 1860, the _cash_ value of the farms of
Virginia was $371,092,211, being $11.91 per acre; and of Pennsylvania,
$662,050,707, being $38.91 per acre. Now, by this table, the number of
acres embraced in these farms of Pennsylvania was 17,012,153 acres, and
in Virginia, 31,014,950; the difference of value per acre being $27, or
largely more than three to one in favor of Pennsylvania, Now, if we
multiply the farm lands of Virginia by the Pennsylvania value per acre,
it would make the total value of the farm lands of Virginia
$1,204,791,80
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