FREE BOOKS

Author's List




PREV.   NEXT  
|<   118   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135   136   137   138   139   140   141   142  
143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   >>   >|  
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
PREV.   NEXT  
|<   118   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135   136   137   138   139   140   141   142  
143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   >>   >|  



Top keywords:

Pennsylvania

 

Virginia

 

increase

 
Census
 
showing
 

capita

 

products

 

person


difference
 

property

 
personal
 

product

 

decade

 

question

 

annual

 

capital


multiply

 

embraced

 
number
 

largely

 

fisheries

 

double

 

including

 

average


manufactures

 

WEALTH

 

Tables

 

PROGRESS

 

institutions

 

appears

 

agriculture

 

industry


omitting
 

commerce

 

slaves

 

proved

 

exhibiting

 
national
 
immense
 

superiority


occasioned

 
substitution