Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1860-12-29

w lN"' -. bllNi NUiut DtT H'bl, 1clllllnS the
same. One plantation is no more valuable be.
cause another is opened alongside of it. Their
value is in exact ratio to that of the crops they
produce. All increase, in kind, is SO much
competition, which has direct tendency TO re-
ducc profits. The plantations only increase in
value if at all, a, the loss from the exhaustion
of the SOIL which is constantly going on, is
probably quite equal to any increase in value
from that of population.
In such state of things there can be no in
crease in capital, but in ratio of numbers; and
no increase in population after the territory, ac-
cording to ,hc ideas or ncccssites.of the South.
is fully occupied. There has been no increase
in the eastern portions OF South Carolina,
North Carolina, or Nirginiu, for long time
! past, for the reason that there is no more room
| Tor the peculiar kind OF labor used. These dis
tilcts are no richer, apart from increase in the
| price OF their staples, which is an accidental
matter, than they were ten or twenty years ago.
! With similar conditions they will be no richer
fifty years hence. Wealth results from wealth
from investments; but capital South can be
| invested only i'll land and labor. The wealth of
the South results from labor unaided by capital
or arti that OF the North is the result OF capital
and art, assisted by labor. The South have
necessary limits imposed upon its progress; the
North none. What can a planter do with his
money unless he cnlarges his plantation and
the number Of his laborcrs? Nothing lie
W"t spend his surplus North, or in Inrope
where science and art have created everything
that can CRAFTY his senses or his taste. But if
planter could invest his money in n cotton
factory, on or adjoining his plantation. he might
double or treble its value. Two or three fac
torres would render parts of it too valuable for
planting. lie would cut it up into lots or small
estates. for residences of the manuloc,urino
population. The most sterile lands in Eastern
Massachusetts, now worth for such objects 800
per acre, would not be worth So for farming
purposes, with sparse population. Such lands
to-day are not worth two dollars the aero i,
South Carolina. Locate in Massachusetts the
poorest lahds IN South Carolina, and they would
DC worth hundred dollars the acre.
AS 'HVIe IS no progress South IN wealth, eX-
s'it !" '"''o 10 popuiat1on there is noproSressin
"Su'ne'n ciue7' except III ratio to the progress
o' PoPula,lon, or us products. The moment
lneSe reach Their climax, the cities reach theirs.
ShaIiestoil has not so many inhabitants as it
i"u III io'o. Nhy' BeeauSe South Carolina
mas ''"ue no progress, either IN agriculture or
III 'he arts lhere has been no increase for
ni'HY years past IN the agricultural population
ol New ork or New England, yet wonderful
increase III the cities and towns. The progress
oi inc North IN accordance with the spirit of
INC age Is IN the mechanic arts. There de-
Nclop,hcht collects men IN masses. Massachu-
sets has not so many farmers as she had fifty
!e"lN uSo. thouSh Il population tour times as
great olhce lHJo the population of New York
ma mas increased Wooooo. Almost the whole of
.1iS increase Is IN the cities and their suburbs
hat"iy soul OF 1t IN the old farming districts.
=, As people produce, so they consume. If
naSsachGseus SENDS annuity into commerce
ncichahulSe ana fabrics worth Sl95,OOO,00O.
s'c .'Nes as h'ucn rom those VINO purchase and
consume them. Ii her exports exceed the value
OF 'he cotton crop, so must her imports In
!he commerce OF the country one person in this,
Is equal IL 10 iour IN the Cotton States. In these,
one-haii oil inc population are slaves the cost
tenth that of an equal number of persons North
The consumption by the poor whites in the
Cotton States of foreign and domestic merchan
disc and fabrics is very small. The money of
the South is spent by planters and merrLar,s
who compose only very small fraction of thr
whole population There are there no vast
manufacturing establishments. the consumntion
OF which exceeds that of thousands and tcns of
thousands of individuals rho yaIno Of co.I
iron and cotton imported and consumed annual
ly in Massachusetts will equal the whole exports
of South Carolina The entire population of
the United States could not do the work daily
performed by machinery running in the State
of Massachusetts. All this has TO be supported
and maintained as well as the hands that tend
upon it.
The comparative estimates We have made
will bear the closest ANALYSIS. The conclusion
is necessarily inierable from mere statement
of the agencies and capital cmployed II is
proved by actual count of the bales. packopcs
and tons of merchandise. Every Kind of COL
lateral testimony bearing unon tbn snbirct
forces to the same conclusion. The seven Kali
roads entering Boston transport onnuallv mnre
than 2,0OO.OOO tons of merchandise IF we es.
innate this to be worth only $50 the ton. tbe
aggregate value is $500, 900 900 a sum greatly
exceeding the value of thc oxnorts bnth fnreioII
and coastvi,c. of all the Southern States T6n
commerce between this CITY and Massachusetts
is of corresponding magnitude. Three fast
frs,-class steamers arrive and denart daily
heavily laden with the manufacturers of or i'm
portsg goin into that State. In addition nrc
numerous prop llcrs and steamers nlyinr he.
tween its ports and New York. and civ
used for the TRANSFORMATION of feipbt to saw
nothing of an almost innumerable iieet Of so;I,
ing vessels.
We make these comporisons not.;r hoo.,