n 1860 was 90; capital,
$25,565,582; loans, $50,327,127; specie, $8,378,474; circulation,
13,132,892; deposits, $26,167,143:--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. (Census Table 35, p.
193.)
EXPORTS AND IMPORTS, ETC.--Our exports abroad from Pennsylvania, for the
fiscal year ending 30th June, 1860, and foreign imports, were of the
value of $20,262,608. The clearances, same year, from Pennsylvania, and
entries were 336,848 tons. In Virginia the exports the same year, and
foreign imports were of the value of $7,184,273; clearances and entries,
178,143 tons, (Table 14, Register of U.S. Treasury.) Revenue from
customs, same year, in Pennsylvania, $2,552,924, and in Virginia,
$189,816; or more than twelve to one in favor of Pennsylvania. (Tables
U.S. Commissioner of Customs.) No returns are given for the coastwise
and internal trade of either State; but the railway and canal
transportation of both States shows a difference of ten to one in favor
of Pennsylvania. And yet, Virginia, as we have seen, had much greater
natural advantages than Pennsylvania for commerce, foreign and internal,
her shore line up to head of tide-water being 1,571 miles, and
Pennsylvania only 60 miles.
We have seen that, exclusive of commerce, the products of Pennsylvania
in 1860 were of the value of $398,600,000, or $137 per capita; and in
Virginia, $120,000,000, or $75 per capita. But, if we add the earnings
of commerce, the products of Pennsylvania must have exceeded those of
Virginia much more than four to one, and have reached, per capita,
nearly three to one. What but slavery could have produced such amazing
results? Indeed, when we see the same effects in _all_ the Free States
as compared with _all_ the Slave States, and in _any_ of the Slave
States, as compared with _any_ of the Free States, the uniformity of
results establishes the law beyond all controversy, that slavery
retards immensely the progress of wealth and population.
That the Tariff has produced none of these results, is shown by the fact
that the agriculture and commerce of Pennsylvania vastly exceed those of
Virginia, and yet these are the interests supposed to be most
injuriously affected by high tariffs. But there is still more conclusive
proof. The year 1824 was the commencement of the era of high tariffs,
and yet, from 1790 to 1820, as proved by the Census, the perce
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