Clarksville chronicle. (Clarksville, Tenn.) 1857-1865, 1861-08-30
Cost of the War to the North.
[From the New York News.l

Jne coming year, mas very ulSneartenlng
effect upon the public mind. One appea
is made to England at spendthrift rate q
interest, and the other to Savings Banl
depositors, to change their investments a
ruinous rates 1t is confession of bank.
lruptcy
The universal and growing distress has
now begun to set the public TO thinking
Four months of war, in which no blow has
been struck, has produced an amount Of
bankruptcy and distress which very few
thought possible six months ago. Proper.
ty disappears, and private debts cannot be
collected at the moment when the Govern
ment demands ten per cent. of all the pro-
perty in the country as first war install
ment, and 20 per cent. of all the men, TO
stop production and proceed to destruc-
ton. Cine hundred millions of dollars
have already been spent in uniforms,
transportation. food, and equipments, and
not blow struck at the same time $780,
000,00 worth of property have been sunk
by the effects Of war.
Thus four months of unconstitutional
war has already cost S70O, 600, ,000, a round
sum to pay for Executive usurpation; with
the progress of this depreciation and the
S400, 100000 the President demands for
expenses, 1000, 900, 900 more will have
been dissipated before January.
The crop of wheat is, at the North and
West, 10000, 600 bushels. The fall in its
value has been 25 per cent or &c. per
bushel this year. This presents decline
of s34, ,0000 in the money value of the
o,ax, alona Tba nao,,,s oP on tba x,ol,,a
of farm produce North and West, inclu-
sive of the South, is S541 ,663,727; fall
of 25 per cent. in the value Of that pro-
duction, is positive loss of s135, ,415,6
cash, taken out of the pockets Of farm
ers.
This represents all the profits of the
cultivator. The sums obtained only repay
the outlay This has occurred Just when
the new crops are coming in, and when the
new supplies will depress prices still fur
ther. What will be realized for those new
crops, which are said to be large? They
will not pay the expenses Of transporta-
tion to market. The income Of the whole
agricultural population is cut off. Take
Orange and Ulster and other cheese coun-
ties in this State, what are they to do for
means? Their whole sale is cut off at a
me ment when ruinous tax is imposed for
the purpose of making war upon those
customers.
The census gave the value of manufac-
lures at the North at 1864, $3.50. The
stagnation in that business has been very
great, and if the fall in value is placed at
25 per cent. only, it will represent S2l3,-
875, 900, but there has been absolute sus-
pension Of large portion of them. The
national loss is no doubt fully one-half-
The city of New York, for instance, man
featured S25, 100000 per annum, of which
$40 9,000,00 was for the South
We may now turn to the shipping, which
for the moment is absolutely without val
ne. The quantity of tonnage owned at the
North is 3,119,111 tons, worth $3.50 000,-
600, the depreciation of which if fully one
third, and the loss of freights $40 900, 900
cotton alone is $50, 600, 600. The i'm
portations for the last quarter have been
40 per cent. only of those of the cores
ponding quarter last year, entailing loss
of S2,O000OO
the real estate of the city of New York
is 1878, ,954, $50, and its depreciation is ad-
mitted to be 25 per cent. Under forced
sales it has hardly any value. The rents
of these have declined s10,000,000 The
real estate of the whole North. the Secre-
tary of the Treasury says, is 81, 900, ,000,-
900, which, in respect to farm lands, is en-
tirely nominal, since the value exists in the
produce realized, as in the rents obtained,
exists the value of town lots on that ba-
sis the fall is one-half In the cities the
rents cannot be called more than half those
Of last year.
The farmers who have mortgages to pay
and depend upon the sales of produce, find
them doubled this year. The property in
stocks, banks, railroads, &C., has frightful-
| ly declined and present values, low as they
are, would only be too gladly accepted A
large portion of the decline in farm pro-
duce is due to the loss of the Southern
markets, On the other hand, large a.
mount of business was done for Souther
ners who come North in the summer, and
who expend, it has been computed: TO-
900 people, 500 each or 10000, 900 in
New York, and the whole country at least
$50. 900, 900
The South sends North, per annum
$3.50, 900, 900. in value, and receives an e.
quivalent in goods, domestic and imported
The whole of the exchange business on
which that vast trade turns in New York
giving profit of $50 100000 per annum
All that is entirely crushed out, and with
it the business of thousands of persons.-
The profits of that interlocked business
have perished to the extent of 5000, 600,
000
The course Of business usually brings
the South largely in debt to the North,an
these debts are paid in the spring and sum
mer. This year probably 500, On0, 900 re
main unpaid, and the merchants who
should have received it are getting exten-
sions at the banks.
To resume:
Decline 10 produce .''''''''''''''Sl e.sS
Decline In manufa :tnres. 2l3,sI5,O ,OO'
Decline In ships freights ....,..-.... 40,0OO,0O'
Decline In imnortafiOn profits .......... 1000 00l