This is exclusive of commerce, which would greatly
increase the ratio in favor of the North, that of New York alone being
nearly equal to that of all the Slave States. Now, multiplying the
population of the Slave States by the value of the products _per capita_
of the Free States, and the result is $2,653,631,032, making, by
emancipation, the increased annual product of the Slave States
$1,511,031,032, and in ten years, exclusive of the yearly accumulations,
$15,110,310,320.
By the Table 35, Census of 1860, the total value of all the property,
real and personal, of the Free States, was $10,852,081,681, and of the
Slave States, $5,225,307,034. Now, the product, in 1860, of the Free
States, being $4,150,000,000, the annual yield on the capital was 39 per
cent.; and, the product of the Slave States being $1,140,000,000, the
yield on the capital was 22 per cent. This was the gross product in both
cases. I have worked out these amazing results from the Census Tables,
to illustrate the fact, that the same law, by which slavery retarded the
progress of wealth in Virginia, as compared with New York, and of
Maryland and South Carolina, as compared with Massachusetts, rules the
relative advance in wealth of all the Slave States, as compared with
that of all the Free States. I have stated that the statistics of
commerce, omitted in these tables, would vastly increase the difference
in favor of the Free States as compared with the Slave States, and of
New York as contrasted with Virginia.
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