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, $170,032,869, being 51 per
cent.; exhibiting a difference of 10 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 $399,600,000, and in Virginia, $120,000,000.
Thus, as a question of the annual yield of capital, that of Pennsylvania
was 29 per cent., and of Virginia, 15 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.
Pages:
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238