Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-06-29

oores; pros are at ten per cent the annual produce
OF Connecticut will be six millions of Eastern Virginia
eleven millions. That IS tho amount to be
the aborcrs and capitalists of will he six of
Eastern Virginia eleven millions Now if wages should
rise five per cent, the profits Of Connecticut would m
TWO ana oherna per CENT those OF Eastern Virginia five
per cent The labor of Connecticut which be
hiohS would upon the rise OF wages cost five and
quarter; mat oil Eastern Virginia which before ten
millions would, upon tile rise OF wages ten and one
halt This would be the infallibe result OF one half of
the capital oil Connecticut being invested durable ma
chnery and OF course unaffected by any rise of wages
III wages should rise in Connecticut, the profits
from that part OF its capital vested in durable machinery
mght perhaps oe as much reduced those of portion
employed IN other occupations because the commodities
produced by manual labor, would rise in relative value to
those producod by machinery. And manufacturer, the
greater part OF whose capital durable ma
cmnery, WHEN wages would be compelled give
more OF his commodities in exchange corn to the far
ner or what would amount to the thing, pay him
higher Prca-But however, the profits the capital of
Connecticut might be equaised among different branches
OF ndusty II clearly demonstrable that the entire pro-
fits OF the State could only be reduced case of rise of
wages by the amount of the increased of labor.
From these principles it is conceived be clearly de-
ducbe, that the profits of the capital of Eastern virginia
are dmlnhed in greater degree by any tax on the ne
cessares OF life increasing the wages of labor than those
Of any other section oil the Union which EMPLOYS greater
proportional quantity of capital, aud less labor the pro-
ducon OF commodities. And Tor the reasons it will
probably be found, that Eastern Virginia more affected
by taxes en- articles necessary for the production of ag
cultural products the operation OF such being to les
sen the pphs of the farmer and by consequence those of
his county, This may he clearly illustrated by consider
ing that oios of the Northern States two masses of
capital engaged in agriculture the other manufac
ture; Eastern Virginia be supposed have only
aud that engaged in agriculture Now the profits of the
whole capital of Eastern Virginia, and of that mass Of
Norther capital engaged in agriculture would he equally
affected ty any such tax but the Nor,her agrcuuraists
would be able TO require owners OF capital engaged in
manufacture TO share the burden with them
planned tbove and of the average profit of the
Northc States would not be esscncd in the degree
as that OF Eastern Virginia
Ii the above propositions be correct, is manifest that
Eastern Virginia. and the planting States pay larger pro-
portion oil the taxes imposed by the General Government
than they justly ought; and of their decline is
papabl The juxaposion of the several States renders
The facility Of transferring capital great that where the
rate OF profit in is permanently lower than in Others
the depression of the former inevitable. For country
can long stand the whitening effect Of comparatively low
rate of profit.
No reOsoningis inflllibe but that which is most conss
tent With facts, has the best claim TO correctness The
planting sections OF the Union employ the greatest proper
onal quantity OF labor i'll the production of their commo-
dihes tie grazing and grain the next, and the manufac
turing the least; and from view of the present situation
of the United States, will appear the order of their
prosperity is exactly the reverse. PHILOPATRIS